Is New York Psychotherapy And Counseling Center Legit?
Quick charity verification for New York Psychotherapy And Counseling Center (EIN: 112320614)
Verdict: New York Psychotherapy And Counseling Center appears trustworthy
90/100Mission Score
$129.1MRevenue
$311.1MAssets
1Red Flags
4Strengths
Red Flags
Unusually low or 0% reported officer compensation for an organization of this size, requiring further investigation into full 990 forms for complete compensation disclosure.
Strengths
Consistent and significant revenue growth over the past decade, from $32M in 201406 to $97M in 202306.
Strong asset accumulation, growing from $56.6M in 201406 to $274.0M in 202306, indicating financial stability.
Healthy financial surplus, with revenues consistently exceeding expenses (e.g., $97.3M revenue vs. $68.7M expenses in 202306).
Low liabilities relative to assets, demonstrating prudent financial management (e.g., $9.7M liabilities vs. $274M assets in 202306).
Spending Breakdown
How New York Psychotherapy And Counseling Center allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Psychotherapy And Counseling Center
Is New York Psychotherapy And Counseling Center a legitimate charity?
Based on AI analysis of IRS 990 filings, New York Psychotherapy And Counseling Center (EIN: 112320614) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is New York Psychotherapy And Counseling Center a good charity to donate to?
New York Psychotherapy And Counseling Center has a Mission Score of 90/100. Revenue: $129.1M. Assets: $311.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New York Psychotherapy And Counseling Center?
The Employer Identification Number (EIN) for New York Psychotherapy And Counseling Center is 112320614. 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 Psychotherapy And Counseling Center spend its money?
New York Psychotherapy And Counseling Center allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New York Psychotherapy And Counseling Center's tax-exempt status?
You can verify New York Psychotherapy And Counseling Center's tax-exempt status using EIN 112320614 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 Psychotherapy And Counseling Center demonstrates robust financial growth and strong program spending efficiency over the past decade. In the 202306 period, the organization reported revenues of $97,396,055 against expenses of $68,711,541, indicating a healthy surplus. The consistent growth in assets, from $56,642,486 in 201406 to $274,090,782 in 202306, further underscores its financial stability and capacity for long-term operations. The organization's liabilities remain a small fraction of its assets, suggesting prudent financial management.
While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the overall expense ratio relative to revenue is favorable. For instance, in 202306, expenses were approximately 70.5% of revenue, leaving a significant portion for reinvestment or reserves. A notable aspect of its transparency is the consistent reporting of 0% officer compensation across all available filings, which could indicate that executive compensation is either very low, not reported under 'officer compensation' in this summary, or handled through other means. Further investigation into the full 990 forms would clarify the exact nature of executive remuneration and the detailed spending categories.
Overall, the organization appears to be financially healthy, growing steadily, and efficient in its use of funds, with a strong focus on its mission as evidenced by the significant gap between revenue and expenses, allowing for substantial program delivery. The absence of reported officer compensation in the provided data is a positive indicator for donor confidence, assuming all compensation is fully disclosed elsewhere in the detailed filings.