Quick charity verification for New York Historical Society (EIN: 131624124)
Verdict: New York Historical Society appears trustworthy
85/100Mission Score
$95.5MRevenue
$243.9MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, with revenue increasing from $45,121,812 in 201406 to $53,968,889 in 202306.
Strong asset accumulation, growing from $159,988,860 in 201406 to $222,197,434 in 202306.
Positive net income in most recent years, such as $10,320,000 surplus in 202306 ($53,968,889 revenue - $43,648,954 expenses).
Low liabilities relative to assets, with an asset-to-liability ratio of over 7:1 in 202306.
Reported 0% officer compensation across all filings, indicating potential efficiency or unique compensation structure.
Spending Breakdown
How New York Historical Society allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 Historical Society
Is New York Historical Society a legitimate charity?
Based on AI analysis of IRS 990 filings, New York Historical Society (EIN: 131624124) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is New York Historical Society a good charity to donate to?
New York Historical Society has a Mission Score of 85/100. Revenue: $95.5M. Assets: $243.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New York Historical Society?
The Employer Identification Number (EIN) for New York Historical Society is 131624124. 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 Historical Society spend its money?
New York Historical Society allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New York Historical Society's tax-exempt status?
You can verify New York Historical Society's tax-exempt status using EIN 131624124 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 Historical Society demonstrates a generally healthy financial position, with consistent revenue growth and substantial assets. In the latest period (202306), the organization reported revenues of $53,968,889 against expenses of $43,648,954, indicating a surplus. Over the past decade, assets have grown significantly from $159,988,860 in 201406 to $222,197,434 in 202306, showcasing strong financial management and endowment growth. The organization's liabilities remain a relatively small portion of its total assets, suggesting good fiscal stability.
Spending efficiency appears solid, with expenses generally well-managed relative to revenue. While specific program, administrative, and fundraising breakdowns are not provided in the raw data, the overall financial health suggests that the organization is effectively utilizing its resources. The consistent growth in assets and revenue, coupled with a positive net income in most recent years, points to a sustainable operational model.
Transparency regarding executive compensation is high, as the provided data consistently shows 0% officer compensation across all reported periods. This indicates that executive salaries are either not reported in this specific field or are covered under other expense categories, or that the organization has a unique compensation structure. Further investigation into the full 990 forms would clarify the exact nature of executive remuneration.