Is New York Foundation For Senior Citizens Inc Legit?
Quick charity verification for New York Foundation For Senior Citizens Inc (EIN: 132618568)
Verdict: New York Foundation For Senior Citizens Inc appears trustworthy
85/100Mission Score
$33.4MRevenue
$46.3MAssets
2Red Flags
4Strengths
Red Flags
Significant and unexplained increase in liabilities in the latest filing period (from $2,080,936 to $34,921,149)
Consistent reporting of 0% officer compensation for an organization of this size, which may obscure actual executive remuneration if reported elsewhere.
Strengths
Consistent operational surpluses, with revenues generally exceeding expenses across all reported periods.
Stable revenue growth over the past decade, from $10,371,698 in 2014 to $14,209,702 in 2023.
Strong asset base, increasing to $47,094,122 in the latest filing period.
Efficient spending, with expenses closely aligned with revenues, indicating effective resource utilization.
Spending Breakdown
How New York Foundation For Senior Citizens Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Foundation For Senior Citizens Inc
Is New York Foundation For Senior Citizens Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New York Foundation For Senior Citizens Inc (EIN: 132618568) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is New York Foundation For Senior Citizens Inc a good charity to donate to?
New York Foundation For Senior Citizens Inc has a Mission Score of 85/100. Revenue: $33.4M. Assets: $46.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New York Foundation For Senior Citizens Inc?
The Employer Identification Number (EIN) for New York Foundation For Senior Citizens Inc is 132618568. 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 Foundation For Senior Citizens Inc spend its money?
New York Foundation For Senior Citizens Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New York Foundation For Senior Citizens Inc's tax-exempt status?
You can verify New York Foundation For Senior Citizens Inc's tax-exempt status using EIN 132618568 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 Foundation For Senior Citizens Inc demonstrates consistent financial operations, with revenues generally exceeding expenses across its filing history. For the period ending June 2023, the organization reported revenues of $14,209,702 against expenses of $13,415,546, indicating a healthy surplus. A notable change occurred between the 2022 and 2023 fiscal periods, where assets significantly increased from $13,430,449 to $47,094,122, accompanied by a substantial rise in liabilities from $2,080,936 to $34,921,149. This suggests a major capital event, likely related to property or facility acquisition, which warrants further investigation to understand its long-term financial implications and funding sources.
The organization's spending efficiency appears sound, with expenses closely tracking revenues, indicating that funds are being utilized for their intended purpose. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of financial transparency and a commitment to directing resources towards programs rather than executive salaries. However, the dramatic shift in assets and liabilities in the latest filing period requires a deeper dive into the specific nature of these changes to fully assess their impact on the organization's overall financial health and sustainability.