Quick charity verification for New York Sun Works Inc (EIN: 200670312)
Verdict: New York Sun Works Inc appears trustworthy
92/100Mission Score
$5.9MRevenue
$4.6MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Rapid revenue growth, increasing from $1,066,931 in 2021 to $5,043,720 in 2023.
Consistent financial surpluses, with revenues exceeding expenses in most recent periods (e.g., $5,043,720 revenue vs. $4,470,494 expenses in 2023).
Zero reported officer compensation across all 13 filings, indicating high efficiency and dedication of funds to programs.
Strong asset growth, from $1,877,368 in 2021 to $2,911,668 in 2023, enhancing long-term stability.
Well-managed liabilities, remaining a small proportion of total assets.
Spending Breakdown
How New York Sun Works 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
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 Sun Works Inc
Is New York Sun Works Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New York Sun Works Inc (EIN: 200670312) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is New York Sun Works Inc a good charity to donate to?
New York Sun Works Inc has a Mission Score of 92/100. Revenue: $5.9M. Assets: $4.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New York Sun Works Inc?
The Employer Identification Number (EIN) for New York Sun Works Inc is 200670312. 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 Sun Works Inc spend its money?
New York Sun Works 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 Sun Works Inc's tax-exempt status?
You can verify New York Sun Works Inc's tax-exempt status using EIN 200670312 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 Sun Works Inc. demonstrates strong financial health and growth, with revenue increasing significantly from $1,066,931 in 2021 to $5,043,720 in 2023. The organization consistently operates with a surplus, as evidenced by its revenues exceeding expenses in most recent periods, such as $5,043,720 in revenue against $4,470,494 in expenses in 2023. This indicates effective financial management and an ability to build reserves, with assets growing from $1,877,368 in 2021 to $2,911,668 in 2023. The organization's liabilities are also well-managed, remaining a relatively small portion of its assets.
The organization's spending efficiency appears robust, particularly given the consistent surpluses and growth in assets. The absence of reported officer compensation across all available filings suggests a high degree of financial prudence and a commitment to directing funds towards its mission rather than executive salaries. This practice significantly enhances its transparency and trustworthiness, as it implies that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is a notable positive for a nonprofit of its size and growth trajectory.
Overall, New York Sun Works Inc. exhibits a healthy financial profile, marked by substantial growth, responsible asset management, and a commendable approach to executive compensation. These factors contribute to a positive assessment of its financial health, spending efficiency, and transparency.