Is New York Hospital Cornell Medical Center Fund Inc Legit?
Quick charity verification for New York Hospital Cornell Medical Center Fund Inc (EIN: 136094042)
Verdict: New York Hospital Cornell Medical Center Fund Inc appears trustworthy
85/100Mission Score
$14.0MRevenue
$249.4MAssets
1Red Flags
3Strengths
Red Flags
Significant year-over-year revenue volatility (e.g., $20.9M in 202206 down to $8.1M in 202306).
Strengths
Consistent reporting of 0% officer compensation.
Substantial and growing asset base, reaching $237,594,264 in 202306.
Long history of IRS 990 filings (13 filings), indicating transparency and compliance.
Spending Breakdown
How New York Hospital Cornell Medical Center Fund Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 Hospital Cornell Medical Center Fund Inc
Is New York Hospital Cornell Medical Center Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New York Hospital Cornell Medical Center Fund Inc (EIN: 136094042) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
Is New York Hospital Cornell Medical Center Fund Inc a good charity to donate to?
New York Hospital Cornell Medical Center Fund Inc has a Mission Score of 85/100. Revenue: $14.0M. Assets: $249.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New York Hospital Cornell Medical Center Fund Inc?
The Employer Identification Number (EIN) for New York Hospital Cornell Medical Center Fund Inc is 136094042. 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 Hospital Cornell Medical Center Fund Inc spend its money?
New York Hospital Cornell Medical Center Fund Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New York Hospital Cornell Medical Center Fund Inc's tax-exempt status?
You can verify New York Hospital Cornell Medical Center Fund Inc's tax-exempt status using EIN 136094042 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 Hospital Cornell Medical Center Fund Inc. demonstrates a generally stable financial position with substantial assets, currently at $237,594,264 as of the 202306 period. Revenue has fluctuated significantly over the past few years, from a high of $20,911,565 in 202206 to $8,193,839 in 202306, indicating reliance on variable funding sources. The organization consistently reports zero officer compensation, which is a strong indicator of transparency and efficient use of funds for its mission rather than executive salaries. While the filings show consistent expenses, the lack of detailed program, administrative, and fundraising expense breakdowns in the provided data makes a precise assessment of spending efficiency challenging. However, the consistent growth in assets over the long term suggests sound financial management.