Is New York State Industries For The Disabled Inc Legit?
Quick charity verification for New York State Industries For The Disabled Inc (EIN: 132841179)
Verdict: New York State Industries For The Disabled Inc appears trustworthy
85/100Mission Score
$296.3MRevenue
$103.9MAssets
1Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported, which is unusual for an organization of this size and warrants further investigation for transparency.
Strengths
High program spending efficiency, with expenses closely matching revenue (e.g., 2023 expenses were $290,244,750 against revenues of $292,330,752).
Consistent revenue growth over the past decade, indicating strong financial sustainability.
Steady growth in assets, from $47,100,211 in 2015 to $95,931,408 in 2023, demonstrating sound financial management.
Low liabilities relative to assets, with liabilities of $66,169,042 against assets of $95,931,408 in 2023, suggesting a healthy balance sheet.
Spending Breakdown
How New York State Industries For The Disabled Inc 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 State Industries For The Disabled Inc
Is New York State Industries For The Disabled Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New York State Industries For The Disabled Inc (EIN: 132841179) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is New York State Industries For The Disabled Inc a good charity to donate to?
New York State Industries For The Disabled Inc has a Mission Score of 85/100. Revenue: $296.3M. Assets: $103.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New York State Industries For The Disabled Inc?
The Employer Identification Number (EIN) for New York State Industries For The Disabled Inc is 132841179. 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 State Industries For The Disabled Inc spend its money?
New York State Industries For The Disabled Inc allocates 99% to programs, 1% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New York State Industries For The Disabled Inc's tax-exempt status?
You can verify New York State Industries For The Disabled Inc's tax-exempt status using EIN 132841179 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 State Industries For The Disabled Inc (NYSID) demonstrates a consistent pattern of high program spending, with expenses closely tracking revenue across all reported periods. For instance, in 2023, expenses were $290,244,750 against revenues of $292,330,752, indicating that the vast majority of funds are directly utilized for its mission. The organization has also shown steady growth in both revenue and assets over the past decade, with assets growing from $47,100,211 in 2015 to $95,931,408 in 2023, suggesting sound financial management and accumulation of resources to support its operations.
However, a notable aspect of NYSID's financial reporting is the consistent declaration of 0% officer compensation across all available filings. While this could indicate that executive compensation is reported under other expense categories or that officers are compensated by related entities, it warrants further investigation for complete transparency. Without a clear breakdown of how executive leadership is compensated, it's challenging to fully assess this aspect of their financial health and spending efficiency.
Overall, NYSID appears to be a financially stable organization with a strong commitment to deploying its resources towards its stated purpose, as evidenced by the tight correlation between revenue and expenses. The growth in assets also points to a healthy financial position. The primary area for improved transparency lies in providing more detailed information regarding executive compensation.