Is New York Hotel Trades Council And Hotel Assoc Of Nyc Inc Health Bene Legit?
Quick charity verification for New York Hotel Trades Council And Hotel Assoc Of Nyc Inc Health Bene (EIN: 136126923)
Verdict: New York Hotel Trades Council And Hotel Assoc Of Nyc Inc Health Bene appears trustworthy
90/100Mission Score
$594.1MRevenue
$324.4MAssets
1Red Flags
5Strengths
Red Flags
Periods of deficit spending (e.g., 2019 and 2020) where expenses exceeded revenues.
Strengths
Consistent reporting of 0% officer compensation, indicating high efficiency in executive overhead.
Strong program spending, typical for a health benefit fund where most expenses are direct benefits.
Significant asset growth over the past decade, from $151M in 2013 to over $381M in 2022.
Consistent IRS 990 filing history, demonstrating good transparency.
Resilience in financial management, returning to positive net income after deficit periods.
Spending Breakdown
How New York Hotel Trades Council And Hotel Assoc Of Nyc Inc Health Bene allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
0%
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 Hotel Trades Council And Hotel Assoc Of Nyc Inc Health Bene
Is New York Hotel Trades Council And Hotel Assoc Of Nyc Inc Health Bene a legitimate charity?
Based on AI analysis of IRS 990 filings, New York Hotel Trades Council And Hotel Assoc Of Nyc Inc Health Bene (EIN: 136126923) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is New York Hotel Trades Council And Hotel Assoc Of Nyc Inc Health Bene a good charity to donate to?
New York Hotel Trades Council And Hotel Assoc Of Nyc Inc Health Bene has a Mission Score of 90/100. Revenue: $594.1M. Assets: $324.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New York Hotel Trades Council And Hotel Assoc Of Nyc Inc Health Bene?
The Employer Identification Number (EIN) for New York Hotel Trades Council And Hotel Assoc Of Nyc Inc Health Bene is 136126923. 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 Hotel Trades Council And Hotel Assoc Of Nyc Inc Health Bene spend its money?
New York Hotel Trades Council And Hotel Assoc Of Nyc Inc Health Bene allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New York Hotel Trades Council And Hotel Assoc Of Nyc Inc Health Bene's tax-exempt status?
You can verify New York Hotel Trades Council And Hotel Assoc Of Nyc Inc Health Bene's tax-exempt status using EIN 136126923 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 Hotel Trades Council And Hotel Assoc Of Nyc Inc Health Bene demonstrates a generally stable financial position, with its latest reported revenue at $594,125,336 and assets at $324,390,257. Over the past decade, the organization has consistently managed substantial revenues and expenses, indicating a large operational scale. While there have been periods of deficit spending, such as in 2020 and 2019, the organization has shown resilience, returning to positive net income in more recent years, with 2022 showing revenues of $447,170,967 against expenses of $394,684,160. This suggests effective financial management in adapting to changing economic conditions.
The organization's spending efficiency appears strong, particularly given that it is a health benefit fund, where the vast majority of expenses are typically direct program services (benefits paid). The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and a commitment to directing funds towards its primary mission rather than executive salaries. This practice is highly commendable and suggests a focus on maximizing benefits for its members.
Overall, the financial health appears robust, with healthy asset levels relative to liabilities. The consistent filing of IRS Form 990s over a long period also points to good transparency practices. The absence of reported officer compensation is a key strength in its financial management and transparency profile.