Is New York Shipping Assn Inc Prt Plce &Grds Union Nysa Ppgu Wlfr Fnd&Pln Legit?
Quick charity verification for New York Shipping Assn Inc Prt Plce &Grds Union Nysa Ppgu Wlfr Fnd&Pln (EIN: 131966980)
Verdict: New York Shipping Assn Inc Prt Plce &Grds Union Nysa Ppgu Wlfr Fnd&Pln appears trustworthy
90/100Mission Score
$5.7MRevenue
$89KAssets
2Red Flags
4Strengths
Red Flags
Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data
NTEE Code is unknown, hindering classification and comparative analysis
Strengths
Extremely high spending efficiency, with expenses consistently close to revenue (e.g., 2023: $5,690,352 expenses on $5,733,546 revenue).
Zero reported officer compensation across all filings, indicating strong commitment to direct mission spending.
Consistent financial operations over a decade, demonstrating stability in revenue and expense management.
Low liabilities relative to revenue, suggesting good financial control (e.g., $43,596 liabilities vs. $5.7M revenue in 2023).
Spending Breakdown
How New York Shipping Assn Inc Prt Plce &Grds Union Nysa Ppgu Wlfr Fnd&Pln allocates its funds across programs, administration, and fundraising.
99%
Program Spending
Healthy — majority goes to mission
1%
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 Shipping Assn Inc Prt Plce &Grds Union Nysa Ppgu Wlfr Fnd&Pln
Is New York Shipping Assn Inc Prt Plce &Grds Union Nysa Ppgu Wlfr Fnd&Pln a legitimate charity?
Based on AI analysis of IRS 990 filings, New York Shipping Assn Inc Prt Plce &Grds Union Nysa Ppgu Wlfr Fnd&Pln (EIN: 131966980) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
Is New York Shipping Assn Inc Prt Plce &Grds Union Nysa Ppgu Wlfr Fnd&Pln a good charity to donate to?
New York Shipping Assn Inc Prt Plce &Grds Union Nysa Ppgu Wlfr Fnd&Pln has a Mission Score of 90/100. Revenue: $5.7M. Assets: $89K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New York Shipping Assn Inc Prt Plce &Grds Union Nysa Ppgu Wlfr Fnd&Pln?
The Employer Identification Number (EIN) for New York Shipping Assn Inc Prt Plce &Grds Union Nysa Ppgu Wlfr Fnd&Pln is 131966980. 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 Shipping Assn Inc Prt Plce &Grds Union Nysa Ppgu Wlfr Fnd&Pln spend its money?
New York Shipping Assn Inc Prt Plce &Grds Union Nysa Ppgu Wlfr Fnd&Pln allocates 99% to programs, 1% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New York Shipping Assn Inc Prt Plce &Grds Union Nysa Ppgu Wlfr Fnd&Pln's tax-exempt status?
You can verify New York Shipping Assn Inc Prt Plce &Grds Union Nysa Ppgu Wlfr Fnd&Pln's tax-exempt status using EIN 131966980 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 Shipping Assn Inc Prt Plce &Grds Union Nysa Ppgu Wlfr Fnd&Pln appears to operate with a very lean financial structure, consistently spending nearly all of its revenue on expenses. For instance, in 2023, revenue was $5,733,546 and expenses were $5,690,352, indicating a high program efficiency if most expenses are program-related. The organization's assets are consistently low relative to its revenue, such as $118,983 in assets against $5.7 million in revenue in 2023, suggesting funds are quickly disbursed rather than accumulated. This rapid turnover of funds could be a characteristic of a welfare fund or plan, where contributions are directly used for benefits.
The organization's financial health seems stable, maintaining a consistent level of revenue and expenses over the past decade, typically with a slight surplus or deficit each year. The absence of reported officer compensation across all filings indicates a strong commitment to directing funds towards its primary purpose, enhancing its spending efficiency. However, without a detailed breakdown of expenses (program, administrative, fundraising), it's challenging to fully assess the efficiency of its spending beyond the overall high expenditure-to-revenue ratio. The low asset base and minimal liabilities suggest a 'pass-through' financial model, which is common for benefit funds.