Quick charity verification for New York Taxi Workers Alliance Inc (EIN: 134000097)
Verdict: New York Taxi Workers Alliance Inc appears trustworthy
75/100Mission Score
$1.8MRevenue
$1.1MAssets
3Red Flags
3Strengths
Red Flags
Consistent operating deficits in recent years (2022, 2023)
Significant decline in assets from $1,032,887 in 2022 to $433,366 in 2023
High variability in annual revenue and expenses, indicating potential instability
Strengths
Consistent reporting of 0% officer compensation, indicating a strong commitment to mission over executive pay
Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance
Periods of strong revenue generation, such as $2,738,878 in 2021
Spending Breakdown
How New York Taxi Workers Alliance 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 Taxi Workers Alliance Inc
Is New York Taxi Workers Alliance Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New York Taxi Workers Alliance Inc (EIN: 134000097) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is New York Taxi Workers Alliance Inc a good charity to donate to?
New York Taxi Workers Alliance Inc has a Mission Score of 75/100. Revenue: $1.8M. Assets: $1.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New York Taxi Workers Alliance Inc?
The Employer Identification Number (EIN) for New York Taxi Workers Alliance Inc is 134000097. 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 Taxi Workers Alliance Inc spend its money?
New York Taxi Workers Alliance 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 Taxi Workers Alliance Inc's tax-exempt status?
You can verify New York Taxi Workers Alliance Inc's tax-exempt status using EIN 134000097 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 Taxi Workers Alliance Inc. demonstrates a mixed financial picture. While the organization consistently reports zero officer compensation, indicating a commitment to minimizing executive overhead, it has experienced significant fluctuations in its financial health. In 2023, expenses ($1,911,730) exceeded revenue ($1,320,549), leading to a deficit and a notable decrease in assets from $1,032,887 in 2022 to $433,366. This trend of expenses exceeding revenue is also visible in 2022 and 2017, suggesting potential challenges in maintaining financial equilibrium.
Despite these deficits, the organization has shown periods of strong revenue generation, such as in 2021 where revenue ($2,738,878) significantly outpaced expenses ($1,901,464). The consistent reporting of zero officer compensation across all available filings is a strong indicator of transparency and a focus on directing funds towards the organization's mission rather than executive salaries. However, the recent trend of operating deficits and declining assets warrants closer monitoring to ensure long-term sustainability.
The organization's NTEE code P84 suggests it is involved in labor unions and organizations, which often have unique funding models and operational structures. The consistent filing of IRS 990s over 13 periods indicates a commitment to regulatory compliance and public disclosure, contributing positively to its transparency profile.