Is New York Medical College Voluntary Employees Beneficiary Association Legit?

Quick charity verification for New York Medical College Voluntary Employees Beneficiary Association (EIN: 133872638)

Verdict: New York Medical College Voluntary Employees Beneficiary Association appears trustworthy

85/100Mission Score
$522KRevenue
$4.1MAssets
2Red Flags
4Strengths

Red Flags

Strengths

Spending Breakdown

How New York Medical College Voluntary Employees Beneficiary Association 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 Medical College Voluntary Employees Beneficiary Association

Is New York Medical College Voluntary Employees Beneficiary Association a legitimate charity?

Based on AI analysis of IRS 990 filings, New York Medical College Voluntary Employees Beneficiary Association (EIN: 133872638) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is New York Medical College Voluntary Employees Beneficiary Association a good charity to donate to?

New York Medical College Voluntary Employees Beneficiary Association has a Mission Score of 85/100. Revenue: $522K. Assets: $4.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for New York Medical College Voluntary Employees Beneficiary Association?

The Employer Identification Number (EIN) for New York Medical College Voluntary Employees Beneficiary Association is 133872638. 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 Voluntary Employees Beneficiary Association spend its money?

New York Medical College Voluntary Employees Beneficiary Association allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify New York Medical College Voluntary Employees Beneficiary Association's tax-exempt status?

You can verify New York Medical College Voluntary Employees Beneficiary Association's tax-exempt status using EIN 133872638 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 Voluntary Employees Beneficiary Association (NYMC VEBA) appears to be a financially stable organization, consistently maintaining assets over $3 million, with current assets at $4,058,235. The organization's revenue has fluctuated over the past decade, with a notable peak in 2014 at $1,793,896, but has generally trended downwards, with the latest reported revenue at $521,740. Expenses have often exceeded revenue in recent years, such as in 2023 ($534,600 expenses vs. $501,386 revenue) and 2022 ($577,298 expenses vs. $414,512 revenue), indicating a reliance on accumulated assets or prior surpluses to cover operational costs. However, the absence of reported liabilities across all filings suggests a strong balance sheet and prudent financial management regarding debt. The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. The consistent reporting of 0% officer compensation across all filings is a significant positive indicator of financial transparency and a commitment to directing funds towards the organization's purpose rather than executive salaries. This suggests a volunteer-led or very lean administrative structure. The lack of liabilities further reinforces a picture of responsible financial stewardship. Overall, NYMC VEBA demonstrates good financial health in terms of asset management and debt avoidance. While recent years show expenses exceeding revenue, the substantial asset base provides a buffer. The high transparency regarding executive compensation is a major strength, though more detailed expense breakdowns would enhance a full assessment of spending efficiency.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

Related Pages