Is New York Community Bank Foundation…

Quick charity verification for New York Community Bank Foundation (EIN: 113354472)

Spending Breakdown

How New York Community Bank Foundation allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Community Bank Foundation

Is New York Community Bank Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, New York Community Bank Foundation (EIN: 113354472) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.

Is New York Community Bank Foundation a good charity to donate to?

New York Community Bank Foundation has a Mission Score of 85/100. Revenue: $3.2M. Assets: $749K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for New York Community Bank Foundation?

The Employer Identification Number (EIN) for New York Community Bank Foundation is 113354472. 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 Community Bank Foundation spend its money?

New York Community Bank Foundation allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify New York Community Bank Foundation's tax-exempt status?

You can verify New York Community Bank Foundation's tax-exempt status using EIN 113354472 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

The New York Community Bank Foundation demonstrates consistent financial activity, primarily operating as a grant-making organization. Over the past decade, its revenue has fluctuated, with a notable decrease from over $1.4 million in the early 2010s to around $700,000 in recent years. Correspondingly, total assets have also seen a significant decline, from a peak of $24.9 million in 2013 to $9.6 million in 2023. This trend suggests a reduction in the scale of its operations or a strategic shift in its endowment management and grant distribution. The foundation consistently reports 0% officer compensation, indicating a volunteer-led or externally managed executive structure, which is a positive sign for donor confidence regarding administrative overhead.

Spending efficiency appears to be focused on its program services, as is typical for a grant-making foundation. While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the consistent reporting of expenses close to or slightly exceeding revenue in recent years (e.g., $711,833 expenses vs. $668,052 revenue in 2023) suggests that the foundation is actively distributing funds rather than accumulating large surpluses. The absence of officer compensation is a strong indicator of low administrative costs at the executive level. However, without a detailed breakdown of other administrative and fundraising costs, a complete assessment of spending efficiency is limited.

Transparency is generally good given the availability of 10 years of IRS 990 filings. The consistent reporting of key financial metrics like revenue, expenses, assets, liabilities, and officer compensation allows for a longitudinal analysis of the foundation's financial health. The 0% officer compensation is a clear and transparent disclosure. To further enhance transparency, a more detailed breakdown of functional expenses (program, administrative, fundraising) would be beneficial for external stakeholders to fully understand how funds are allocated beyond grant distributions.

Is New York Community Bank Foundation Legit?

Verdict: New York Community Bank Foundation appears trustworthy

Red Flags

Strengths