Is New York State Psychological Association Inc Legit?
Quick charity verification for New York State Psychological Association Inc (EIN: 131956620)
Verdict: New York State Psychological Association Inc appears trustworthy
75/100Mission Score
$483KRevenue
$690KAssets
1Red Flags
4Strengths
Red Flags
Lack of detailed expense breakdown (program, admin, fundraising) in summary data, hindering full efficiency analysis.
Strengths
Consistent financial stability with revenues generally matching expenses over a decade.
No reported officer compensation, indicating efficient use of funds or volunteer leadership.
Healthy asset base ($888,117 in 202312) relative to liabilities ($543,403 in 202312).
Positive net assets in most years, demonstrating financial solvency.
Spending Breakdown
How New York State Psychological Association 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 State Psychological Association Inc
Is New York State Psychological Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New York State Psychological Association Inc (EIN: 131956620) appears trustworthy. Mission Score: 75/100. 1 red flag identified, 4 strengths noted.
Is New York State Psychological Association Inc a good charity to donate to?
New York State Psychological Association Inc has a Mission Score of 75/100. Revenue: $483K. Assets: $690K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New York State Psychological Association Inc?
The Employer Identification Number (EIN) for New York State Psychological Association Inc is 131956620. 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 Psychological Association Inc spend its money?
New York State Psychological Association 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 State Psychological Association Inc's tax-exempt status?
You can verify New York State Psychological Association Inc's tax-exempt status using EIN 131956620 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 State Psychological Association Inc. demonstrates a consistent financial pattern over the past decade, with revenues and expenses generally in the range of $500,000 to $700,000. In the most recent filing (202312), the organization reported revenues of $543,250 against expenses of $537,738, indicating a near break-even operation. This trend of expenses closely matching or slightly exceeding revenue is common, as seen in 202212 where expenses ($534,502) slightly surpassed revenue ($522,783). The organization's assets have fluctuated, reaching a high of $1,087,396 in 201612 and currently standing at $888,117 in 202312, suggesting a stable asset base relative to its operational size.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent operational balance suggests that the organization is managing its expenses in line with its income. The absence of reported officer compensation across all filings is a notable point regarding transparency, indicating either that officers are unpaid or that compensation is reported under other expense categories, which would warrant further investigation for complete transparency. The organization's liabilities have also varied, with a recent figure of $543,403 in 202312, which is manageable given its asset base.
Overall, the New York State Psychological Association Inc. appears to be a financially stable organization, operating consistently within its means. Its transparency regarding executive compensation is high, as no officer compensation is reported. However, a more granular breakdown of expenses would provide a clearer picture of its spending efficiency across different categories.