Is New York Edge Inc Legit?

Strengths

Consistent and significant revenue growth over the past decade, from $21M in 2014 to $66M in 2023.
Strong asset accumulation, with assets growing from $6M in 2014 to $33M in 2023, indicating financial health and capacity.
Positive financial performance with revenues generally exceeding expenses, leading to a healthy surplus in most periods.
No reported officer compensation across all 13 filings, suggesting a highly efficient use of funds at the executive level.

Spending Breakdown

How New York Edge Inc 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 Edge Inc

Is New York Edge Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, New York Edge Inc (EIN: 113112635) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.

Is New York Edge Inc a good charity to donate to?

New York Edge Inc has a Mission Score of 90/100. Revenue: $72.2M. Assets: $30.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for New York Edge Inc?

The Employer Identification Number (EIN) for New York Edge Inc is 113112635. 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 Edge Inc spend its money?

New York Edge Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify New York Edge Inc's tax-exempt status?

You can verify New York Edge Inc's tax-exempt status using EIN 113112635 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 Edge Inc. demonstrates consistent growth in revenue and assets over the past decade, indicating a stable financial trajectory. In the latest filing period (202306), the organization reported revenues of $66,211,501 against expenses of $63,806,983, resulting in a surplus. This trend of revenues generally exceeding expenses, or being very close, suggests sound financial management and an ability to cover operational costs. The organization's assets have also grown significantly, from $6,042,434 in 2014 to $33,079,125 in 2023, providing a stronger financial base.

Regarding spending efficiency, the organization consistently reports 0% officer compensation across all available filings, which is a notable indicator of efficient use of funds, as no executive salaries are reported. While a detailed breakdown of program, administrative, and fundraising expenses is not provided in the summary data, the overall financial health appears robust with a healthy asset-to-liability ratio. The consistent growth and positive financial performance suggest a well-managed organization.

Transparency is generally good given the consistent filing of IRS Form 990s over 13 periods. The absence of reported officer compensation is a strong positive for transparency and efficiency. However, without a detailed breakdown of functional expenses (program, admin, fundraising) in the provided data, a complete assessment of spending efficiency across these categories is limited. The consistent growth in revenue and assets, coupled with minimal liabilities relative to assets, points to a financially healthy and responsibly managed nonprofit.

Verdict: New York Edge Inc appears trustworthy

Red Flags