Quick charity verification for New York Medical College (EIN: 131099420)
Verdict: New York Medical College shows mixed signals
65/100Mission Score
$164.6MRevenue
$329.6MAssets
2Red Flags
3Strengths
Red Flags
Consistent 0% officer compensation reported, which is atypical for an organization of this size and requires further investigation for transparency.
Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided data makes it difficult to assess spending efficiency.
Strengths
Consistent and substantial revenue streams, indicating financial stability.
Stable asset base over the past decade, demonstrating long-term financial foundation.
Expenses generally kept in line with revenues, avoiding large operational deficits.
Spending Breakdown
How New York Medical College allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
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 Medical College
Is New York Medical College a legitimate charity?
Based on AI analysis of IRS 990 filings, New York Medical College (EIN: 131099420) shows mixed signals. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
Is New York Medical College a good charity to donate to?
New York Medical College has a Mission Score of 65/100. Revenue: $164.6M. Assets: $329.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New York Medical College?
The Employer Identification Number (EIN) for New York Medical College is 131099420. 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 Medical College spend its money?
New York Medical College allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New York Medical College's tax-exempt status?
You can verify New York Medical College's tax-exempt status using EIN 131099420 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 Medical College demonstrates consistent financial activity over the past decade, with revenues and expenses generally in a similar range, often resulting in small surpluses or deficits. For instance, in 2023, the organization reported revenues of $117,885,144 against expenses of $121,304,491, indicating a slight operational deficit. Their asset base has remained substantial, hovering around $320-$340 million, with $328,446,597 in assets reported in 2023. The consistent reporting of 0% officer compensation across all available filings suggests that executive compensation is either not reported in this section or is handled through a different structure, which could impact transparency regarding leadership costs. Without detailed breakdowns of program, administrative, and fundraising expenses, a full assessment of spending efficiency is challenging.
The organization's financial stability appears moderate, with a relatively stable asset base but also significant liabilities, such as $138,677,890 in 2023. The consistent operational results, without major fluctuations, suggest a predictable financial environment. However, the lack of detailed expense categorization in the provided data limits the ability to fully evaluate how efficiently funds are being allocated to its mission versus overhead. Further investigation into their detailed IRS Form 990 would be necessary to understand their functional expense breakdown and executive compensation structure.