Is New York College Of Traditional Chinese Medicine Legit?
Quick charity verification for New York College Of Traditional Chinese Medicine (EIN: 113358541)
Verdict: New York College Of Traditional Chinese Medicine appears trustworthy
70/100Mission Score
$2.7MRevenue
$6.9MAssets
3Red Flags
3Strengths
Red Flags
Consistent operating deficits in recent years (e.g., 2023 and 2022)
Significant and rapid increase in liabilities from $966,098 in 2020 to $3,526,372 in 2023
Unusually consistent 0% officer compensation for an organization of this size, which may warrant further scrutiny into compensation structures.
Strengths
Significant growth in total assets from $1,361,751 in 2014 to $7,927,311 in 2023, indicating financial growth and capacity.
Historically strong revenue generation, with several years showing substantial surpluses (e.g., 2019-2021).
Consistent reporting of 0% officer compensation, suggesting a commitment to minimizing executive pay or a unique operational model.
Spending Breakdown
How New York College Of Traditional Chinese Medicine allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 College Of Traditional Chinese Medicine
Is New York College Of Traditional Chinese Medicine a legitimate charity?
Based on AI analysis of IRS 990 filings, New York College Of Traditional Chinese Medicine (EIN: 113358541) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is New York College Of Traditional Chinese Medicine a good charity to donate to?
New York College Of Traditional Chinese Medicine has a Mission Score of 70/100. Revenue: $2.7M. Assets: $6.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New York College Of Traditional Chinese Medicine?
The Employer Identification Number (EIN) for New York College Of Traditional Chinese Medicine is 113358541. 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 College Of Traditional Chinese Medicine spend its money?
New York College Of Traditional Chinese Medicine allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New York College Of Traditional Chinese Medicine's tax-exempt status?
You can verify New York College Of Traditional Chinese Medicine's tax-exempt status using EIN 113358541 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 College Of Traditional Chinese Medicine demonstrates a fluctuating financial health over the past decade. While it has generally maintained positive net assets, recent filings show a trend of expenses exceeding revenue. For instance, in 2023, expenses were $3,191,466 against revenues of $3,029,637, and in 2022, expenses were $3,269,422 against revenues of $2,990,222. This indicates a reliance on prior year surpluses or other funding sources to cover operational costs. The organization's assets have grown significantly from $1,361,751 in 2014 to $7,927,311 in 2023, but liabilities have also increased substantially, particularly in the last three years, reaching $3,526,372 in 2023. This growth in liabilities warrants closer examination.
Spending efficiency is difficult to fully assess without a detailed functional expense breakdown, which is not provided in the summary data. However, the consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing administrative overhead in that specific area. The organization's transparency appears strong regarding executive compensation, as it consistently reports no officer compensation, which is a positive indicator for a non-profit of its size. However, the lack of detailed expense categories limits a complete assessment of overall spending efficiency.
Overall, the organization shows growth in scale but faces recent challenges in matching revenue to expenses. Its asset base has expanded, but so have its liabilities. The consistent reporting of no officer compensation is a notable positive for transparency and potential efficiency.