Is New York Institute Of Technology Legit?…

Quick charity verification for New York Institute Of Technology (EIN: 111788788)

Spending Breakdown

How New York Institute Of Technology allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Technology

Is New York Institute Of Technology a legitimate charity?

Based on AI analysis of IRS 990 filings, New York Institute Of Technology (EIN: 111788788) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.

Is New York Institute Of Technology a good charity to donate to?

New York Institute Of Technology has a Mission Score of 80/100. Revenue: $501.3M. Assets: $586.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for New York Institute Of Technology?

The Employer Identification Number (EIN) for New York Institute Of Technology is 111788788. 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 Technology spend its money?

New York Institute Of Technology allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify New York Institute Of Technology's tax-exempt status?

You can verify New York Institute Of Technology's tax-exempt status using EIN 111788788 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

New York Institute Of Technology demonstrates a generally stable financial position, with consistent revenue generation over the past decade. While the latest revenue reported is $501,314,804, the most recent detailed filing (202306) shows revenue of $352,214,770 against expenses of $342,435,250, indicating a positive operating margin. The organization's assets have shown significant growth, from $278,903,089 in 202006 to $440,803,344 in 202306, suggesting effective asset management and potentially successful fundraising or investment strategies. The liabilities have also increased, but at a slower pace than assets, maintaining a healthy asset-to-liability ratio.

Spending efficiency appears reasonable, with expenses generally tracking closely to revenue, indicating that the organization is utilizing its funds for its operations. The consistent positive operating margins across most years suggest fiscal prudence. The absence of reported officer compensation in the provided data for all periods is a notable point regarding transparency, as it could imply that executive compensation is either not reported in this specific field or is covered under other expense categories, which might warrant further investigation for complete transparency.

Overall, the financial health appears sound, with a growing asset base and consistent operational surpluses. The organization's ability to manage its finances through various economic periods, as evidenced by the consistent revenue and asset growth, points to a well-managed institution. However, a more detailed breakdown of program, administrative, and fundraising expenses would provide a clearer picture of spending efficiency and program focus.

Is New York Institute Of Technology Legit?

Verdict: New York Institute Of Technology appears trustworthy

Red Flags

Strengths