Is New York Institute Of English And Business Inc Legit?
Quick charity verification for New York Institute Of English And Business Inc (EIN: 133903957)
Verdict: New York Institute Of English And Business Inc appears trustworthy
85/100Mission Score
$1.8MRevenue
$3.4MAssets
1Red Flags
4Strengths
Red Flags
Significant increase in liabilities from $770,995 in 2021 to $2,795,151 in 2023, which could indicate increased debt or other financial obligations.
Strengths
Consistent revenue generation, averaging around $1.8 million annually.
Remarkable 0% officer compensation reported across all filings, indicating a strong commitment to mission-focused spending.
Expenses closely track revenue, suggesting efficient use of funds for operations (e.g., $1,800,322 expenses vs. $1,815,545 revenue in 2023).
Positive net assets, growing from $542,292 in 2015 to $3,386,372 in 2023, despite the increase in liabilities.
Spending Breakdown
How New York Institute Of English And Business Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
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 Institute Of English And Business Inc
Is New York Institute Of English And Business Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New York Institute Of English And Business Inc (EIN: 133903957) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is New York Institute Of English And Business Inc a good charity to donate to?
New York Institute Of English And Business Inc has a Mission Score of 85/100. Revenue: $1.8M. Assets: $3.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New York Institute Of English And Business Inc?
The Employer Identification Number (EIN) for New York Institute Of English And Business Inc is 133903957. 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 Institute Of English And Business Inc spend its money?
New York Institute Of English And Business Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New York Institute Of English And Business Inc's tax-exempt status?
You can verify New York Institute Of English And Business Inc's tax-exempt status using EIN 133903957 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 Institute Of English And Business Inc demonstrates consistent revenue generation, hovering around $1.8 million annually over the past several years. The organization's financial health appears stable, with assets growing significantly from $1,313,531 in 2021 to $3,386,372 in 2023. However, this asset growth is accompanied by a substantial increase in liabilities, from $770,995 in 2021 to $2,795,151 in 2023, suggesting potential reliance on debt or other obligations. The organization consistently reports 0% officer compensation, which is a strong indicator of transparency and a focus on mission-related spending rather than executive enrichment.
Spending efficiency is generally good, with expenses closely tracking revenue. For instance, in 2023, expenses were $1,800,322 against revenues of $1,815,545, indicating that most incoming funds are utilized for operations. The consistent reporting of 0% officer compensation across all available filings is a significant positive for transparency and suggests that the organization's leadership is not drawing salaries from the nonprofit. This practice, while unusual for organizations of this size, strongly aligns with a commitment to maximizing resources for programmatic activities.
Overall, the organization appears financially stable with consistent revenue and a clear commitment to not compensating its officers. The rapid increase in liabilities in the most recent period warrants closer examination to understand its nature and potential impact on long-term financial flexibility. However, the lack of executive compensation is a notable strength in terms of financial transparency and resource allocation.