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.
Spending Breakdown
How New York Central Trust allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about New York Central Trust
Is New York Central Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, New York Central Trust (EIN: 146018202) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is New York Central Trust a good charity to donate to?
New York Central Trust has a Mission Score of 65/100. Revenue: $942K. Assets: $6.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New York Central Trust?
The Employer Identification Number (EIN) for New York Central Trust is 146018202. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does New York Central Trust spend its money?
New York Central Trust allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New York Central Trust's tax-exempt status?
You can verify New York Central Trust's tax-exempt status using EIN 146018202 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
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.