Quick charity verification for New York Open Center Inc (EIN: 133152374)
Verdict: New York Open Center Inc has notable concerns
30/100Mission Score
$3.0MRevenue
$183KAssets
4Red Flags
2Strengths
Red Flags
Consistent operating deficits for 10 consecutive years (2011-2020)
Dramatic decline in assets from $4,114,314 in 2011 to $182,662 in 2020
Liabilities ($903,929 in 2020) significantly exceed assets ($182,662 in 2020), indicating potential insolvency
Revenue has decreased from $3,945,495 in 2011 to $2,087,876 in 2020, a nearly 50% drop
Strengths
Consistent filing of IRS Form 990s for the past decade, indicating a commitment to regulatory compliance.
Reported zero officer compensation across all filings, potentially indicating efficient use of funds for leadership or volunteer-driven executive roles.
Spending Breakdown
How New York Open Center Inc 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 Open Center Inc
Is New York Open Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New York Open Center Inc (EIN: 133152374) has notable concerns. Mission Score: 30/100. 4 red flags identified, 2 strengths noted.
Is New York Open Center Inc a good charity to donate to?
New York Open Center Inc has a Mission Score of 30/100. Revenue: $3.0M. Assets: $183K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New York Open Center Inc?
The Employer Identification Number (EIN) for New York Open Center Inc is 133152374. 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 Open Center Inc spend its money?
New York Open Center Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New York Open Center Inc's tax-exempt status?
You can verify New York Open Center Inc's tax-exempt status using EIN 133152374 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 Open Center Inc. exhibits concerning financial trends, particularly a consistent pattern of operating deficits over the past decade. In 2020, the organization reported expenses of $2,546,715 against revenues of $2,087,876, resulting in a significant deficit. This trend is not isolated, as every filing from 2011 to 2020 shows expenses exceeding revenue, indicating a reliance on drawing down assets or increasing liabilities to cover operational costs. This is further evidenced by a dramatic decrease in assets from $4,114,314 in 2011 to $182,662 in 2020, alongside a substantial increase in liabilities from $873,073 to $903,929 over the same period. The organization's financial health appears precarious, with very limited assets to cover its liabilities.
Spending efficiency is difficult to fully assess without a detailed functional expense breakdown (program, administrative, fundraising) from the provided data. However, the continuous operating losses suggest that current spending levels are unsustainable relative to revenue generation. The lack of reported officer compensation across all filings could be a positive indicator of resource allocation, or it could suggest that key leadership roles are filled by volunteers or compensated through other means not captured in 'Officer Comp'.
Transparency regarding executive compensation is high, as zero officer compensation is consistently reported. However, the overall financial picture raises questions about long-term sustainability and the effectiveness of financial management given the persistent deficits and declining asset base. The significant drop in assets and increase in liabilities over the decade are major red flags for financial stability.