Is New York City Tourism And Conventions Inc Legit?

Quick charity verification for New York City Tourism And Conventions Inc (EIN: 135531178)

Verdict: New York City Tourism And Conventions Inc appears trustworthy

75/100Mission Score

$36.2MRevenue

$13.9MAssets

2Red Flags

3Strengths

Red Flags

Consistent 0% officer compensation reported, which is atypical for an organization of this size and could indicate a lack of transparency in executive pay reporting.
Occasional deficits, such as in 2023 where expenses ($48,073,956) exceeded revenue ($45,009,799), indicating reliance on reserves or prior surpluses.

Strengths

Significant growth in assets from $10.2M in 2014 to $19.4M in 2023, indicating financial stability and resource accumulation.
Demonstrated ability to manage large budgets, with revenues often exceeding $35 million annually.
Strong financial rebound in 2022, with revenue reaching over $62 million, showcasing resilience.

Spending Breakdown

How New York City Tourism And Conventions Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

10%

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 City Tourism And Conventions Inc

Is New York City Tourism And Conventions Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, New York City Tourism And Conventions Inc (EIN: 135531178) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.

Is New York City Tourism And Conventions Inc a good charity to donate to?

New York City Tourism And Conventions Inc has a Mission Score of 75/100. Revenue: $36.2M. Assets: $13.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for New York City Tourism And Conventions Inc?

The Employer Identification Number (EIN) for New York City Tourism And Conventions Inc is 135531178. 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 City Tourism And Conventions Inc spend its money?

New York City Tourism And Conventions Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify New York City Tourism And Conventions Inc's tax-exempt status?

You can verify New York City Tourism And Conventions Inc's tax-exempt status using EIN 135531178 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 City Tourism And Conventions Inc. demonstrates a generally stable financial position over the past decade, with revenues and expenses fluctuating but often closely aligned. For instance, in 2023, expenses slightly exceeded revenue ($48,073,956 vs. $45,009,799), indicating a minor deficit for that period. However, the organization has also shown periods of significant surplus, such as in 2022 where revenue of $62,190,071 outpaced expenses of $57,972,434. The organization's assets have grown considerably, from $10,254,490 in 2014 to $19,467,209 in 2023, suggesting a healthy accumulation of resources.

Spending efficiency appears reasonable, though specific program, administrative, and fundraising breakdowns are not provided in the summary data. The consistent reporting of 0% officer compensation across all available filings is a notable point regarding transparency and executive pay practices, suggesting that top executives may not be compensated directly through the organization or that their compensation is reported differently. The organization's liabilities have also seen fluctuations, peaking at $13,060,579 in 2015 and decreasing to $9,248,445 in 2023, indicating some management of debt over time.

Overall, the organization appears to be financially sound, managing its resources effectively to support its mission. The absence of reported officer compensation is a positive indicator for transparency regarding executive pay, though a detailed functional expense breakdown would provide a clearer picture of spending efficiency across different categories.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.