Is New York Pops Inc Legit?

Quick charity verification for New York Pops Inc (EIN: 133240366)

Verdict: New York Pops Inc appears trustworthy

90/100Mission Score

$3.7MRevenue

$2.4MAssets

1Red Flags

5Strengths

Red Flags

Significant increase in liabilities in 2023 ($799,801 from $118,254 in 2022) without clear explanation in summary data.

Strengths

Consistent revenue growth over the past several years, from $1,377,903 in 2021 to $2,770,507 in 2023.
Strong asset growth, increasing from $1,160,950 in 2021 to $2,050,256 in 2023.
0% reported officer compensation across all available filings, indicating highly efficient executive spending.
Expenses consistently align closely with revenue, suggesting sound financial management.
Positive net assets, with assets comfortably exceeding liabilities even after the 2023 increase.

Spending Breakdown

How New York Pops Inc 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 Pops Inc

Is New York Pops Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, New York Pops Inc (EIN: 133240366) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.

Is New York Pops Inc a good charity to donate to?

New York Pops Inc has a Mission Score of 90/100. Revenue: $3.7M. Assets: $2.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for New York Pops Inc?

The Employer Identification Number (EIN) for New York Pops Inc is 133240366. 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 Pops Inc spend its money?

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

How can I verify New York Pops Inc's tax-exempt status?

You can verify New York Pops Inc's tax-exempt status using EIN 133240366 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 Pops Inc. demonstrates a generally stable financial trajectory, with revenues and assets showing consistent growth over the past several years. For instance, revenue increased from $1,377,903 in 2021 to $2,770,507 in 2023, and assets grew from $1,160,950 to $2,050,256 in the same period. The organization consistently reports expenses closely aligned with revenue, indicating a lean operational model. A notable aspect is the consistent reporting of 0% officer compensation across all available filings, which suggests a volunteer-led or very low-paid executive structure, enhancing donor confidence regarding compensation efficiency. The organization's liabilities have fluctuated, with a significant jump to $799,801 in 2023, which warrants closer examination to understand its nature and impact on financial stability, though assets still comfortably exceed liabilities. Overall, the financial health appears sound, supported by growing resources and controlled spending.

Spending efficiency appears strong, particularly given the 0% officer compensation. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the close alignment of total expenses to total revenue across multiple years suggests that the majority of funds are being utilized for the organization's mission. The consistent growth in assets, alongside revenue, indicates effective financial management and an ability to build reserves. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, providing a clear historical record of its financial activities. The absence of reported officer compensation is a significant positive indicator of efficient resource allocation.

However, the increase in liabilities to $799,801 in 2023, compared to $118,254 in 2022, is a point that could benefit from further transparency. Understanding the nature of these liabilities (e.g., program-related debt, capital expenditures) would provide a more complete picture of the organization's financial strategy. Despite this, the overall trend of increasing assets and revenue, coupled with the lack of executive compensation, paints a picture of a financially responsible and mission-focused organization.

View Full Transparency Report →

Disclaimer

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