Is New York Foreign Freight Forwarders And Brokers Association Inc Legit?
Quick charity verification for New York Foreign Freight Forwarders And Brokers Association Inc (EIN: 136162944)
Verdict: New York Foreign Freight Forwarders And Brokers Association Inc appears trustworthy
85/100Mission Score
$491KRevenue
$247KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent financial stability with growing assets (e.g., assets increased from $64,630 in 2021 to $183,336 in 2023).
No reported officer compensation across all filing periods, indicating high efficiency in leadership costs.
Revenues consistently exceeding expenses in recent years (e.g., 2023 revenue $168,855 vs. expenses $105,660).
Low liabilities relative to assets, demonstrating a healthy balance sheet (e.g., 2023 liabilities $3,750 vs. assets $183,336).
Regular and consistent IRS 990 filings over 13 periods, showing commitment to transparency and compliance.
Spending Breakdown
How New York Foreign Freight Forwarders And Brokers Association Inc 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 Foreign Freight Forwarders And Brokers Association Inc
Is New York Foreign Freight Forwarders And Brokers Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New York Foreign Freight Forwarders And Brokers Association Inc (EIN: 136162944) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is New York Foreign Freight Forwarders And Brokers Association Inc a good charity to donate to?
New York Foreign Freight Forwarders And Brokers Association Inc has a Mission Score of 85/100. Revenue: $491K. Assets: $247K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New York Foreign Freight Forwarders And Brokers Association Inc?
The Employer Identification Number (EIN) for New York Foreign Freight Forwarders And Brokers Association Inc is 136162944. 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 Foreign Freight Forwarders And Brokers Association Inc spend its money?
New York Foreign Freight Forwarders And Brokers Association Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New York Foreign Freight Forwarders And Brokers Association Inc's tax-exempt status?
You can verify New York Foreign Freight Forwarders And Brokers Association Inc's tax-exempt status using EIN 136162944 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 Foreign Freight Forwarders And Brokers Association Inc demonstrates consistent financial stability, with revenues generally exceeding expenses in recent years. For instance, in 2023, revenue was $168,855 against expenses of $105,660, resulting in a surplus. The organization's assets have shown a positive growth trend, increasing from $64,630 in 2021 to $183,336 in 2023, indicating sound financial management and accumulation of reserves. Liabilities remain low, further strengthening its financial position.
While specific program spending details are not provided in the summary data, the absence of officer compensation across all reported periods suggests that the organization operates with a volunteer or very lean administrative structure, which can be a positive indicator of efficiency. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is challenging. The organization's consistent filing of IRS 990 forms over 13 periods indicates a commitment to regulatory compliance and basic transparency.
Overall, the organization appears to be financially healthy and well-managed, with a clear trend of increasing assets and controlled liabilities. The lack of executive compensation is a notable positive, implying that resources are not being diverted to high salaries. Further transparency regarding the allocation of expenses would provide a more complete picture of its operational efficiency and program impact.