Quick charity verification for New York Central Trust (EIN: 146018202)
Verdict: New York Central Trust shows mixed signals
65/100Mission Score
$942KRevenue
$6.1MAssets
3Red Flags
3Strengths
Red Flags
Consistent operational deficits in recent years (e.g., 2023 expenses exceeded revenue by $165,984).
Unusually low and consistent $1 reported liabilities across all filings, raising transparency questions.
Fluctuating and slightly declining asset base over the long term, indicating potential use of reserves for operations.
Strengths
Substantial asset base of over $6 million provides financial stability despite operational deficits.
No reported officer compensation, indicating efficient use of funds regarding executive pay.
Long filing history (10 filings) demonstrates consistent reporting to the IRS.
AI Transparency Report
New York Central Trust demonstrates a consistent operational deficit in recent years, with expenses exceeding revenue in 2023 ($967,993 vs. $802,009) and 2022 ($687,924 vs. $427,230). While the organization maintains substantial assets of over $6 million, this trend of spending more than it earns is a concern for long-term financial health, especially given the latest revenue of $941,582 against likely higher expenses. The organization's liabilities consistently being reported as $1 across all filings suggests either an unusual financial structure or potentially incomplete reporting regarding actual liabilities, which impacts transparency. The absence of reported officer compensation is a positive indicator for donor confidence regarding executive pay, but the overall financial sustainability needs closer examination.