Quick charity verification for New York Military Academy (EIN: 140921372)
Verdict: New York Military Academy has notable concerns
30/100Mission Score
$2.1MRevenue
$1.1MAssets
5Red Flags
2Strengths
Red Flags
Consistent and significant operating deficits, such as $1,093,830 in 202306.
Liabilities ($7,764,353 in 202306) far exceeding assets ($1,995,074 in 202306), indicating a high debt burden.
Declining revenue trends from a peak of $14,096,261 in 201606 to $2,268,577 in 202306.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data.
Unusual consistent reporting of 0% officer compensation across all filings.
Strengths
No reported officer compensation, suggesting funds are not being diverted to high executive salaries.
History of operations with 13 filings, indicating a long-standing presence, though financial stability is a concern.
Spending Breakdown
How New York Military Academy 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 Military Academy
Is New York Military Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, New York Military Academy (EIN: 140921372) has notable concerns. Mission Score: 30/100. 5 red flags identified, 2 strengths noted.
Is New York Military Academy a good charity to donate to?
New York Military Academy has a Mission Score of 30/100. Revenue: $2.1M. Assets: $1.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New York Military Academy?
The Employer Identification Number (EIN) for New York Military Academy is 140921372. 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 Military Academy spend its money?
New York Military Academy allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New York Military Academy's tax-exempt status?
You can verify New York Military Academy's tax-exempt status using EIN 140921372 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 Military Academy (NYMA) exhibits significant financial challenges, as evidenced by its consistent operating deficits over the past several years. In the 202306 period, expenses of $3,362,407 far outstripped revenue of $2,268,577, resulting in a substantial deficit. This trend is not isolated, with similar deficits observed in 202206 ($2,956,927 expenses vs. $2,264,976 revenue) and 202106 ($3,865,530 expenses vs. $3,775,240 revenue). The organization's liabilities have also grown considerably, reaching $7,764,353 in 202306, significantly exceeding its assets of $1,995,074. This indicates a precarious financial position with a high debt burden.
While the provided data does not detail the breakdown of expenses into program, administrative, and fundraising costs, the consistent operating losses and increasing liabilities raise concerns about long-term sustainability and spending efficiency. The absence of reported officer compensation across all filings suggests that executive pay is not a direct contributor to these deficits, or it is handled through other means not captured in this specific metric. However, the overall financial health points to a need for significant operational adjustments to achieve solvency.
Transparency regarding the allocation of funds would be crucial for stakeholders to understand how the organization is attempting to address its financial difficulties. Without a clear picture of spending efficiency, it is difficult to fully assess the organization's ability to fulfill its mission effectively amidst its financial struggles. The substantial and growing liabilities relative to assets are a major concern for the organization's future viability.