Quick charity verification for New York University Veba Trust (EIN: 16274657)
Verdict: New York University Veba Trust appears trustworthy
95/100Mission Score
$27.2MRevenue
$264.1MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Extremely low operating expenses relative to revenue and assets (e.g., $128,306 expenses on $16,971,769 revenue in 202308).
Consistent and significant asset growth over time, from $61.8M in 2014 to $264M currently.
Zero reported officer compensation across all filings, indicating efficient use of funds.
Zero liabilities reported in recent years, demonstrating strong financial stability.
Clear and consistent financial reporting through 990 filings.
Spending Breakdown
How New York University Veba Trust 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 University Veba Trust
Is New York University Veba Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, New York University Veba Trust (EIN: 16274657) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is New York University Veba Trust a good charity to donate to?
New York University Veba Trust has a Mission Score of 95/100. Revenue: $27.2M. Assets: $264.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New York University Veba Trust?
The Employer Identification Number (EIN) for New York University Veba Trust is 16274657. 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 University Veba Trust spend its money?
New York University Veba Trust allocates 99% to programs, 1% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New York University Veba Trust's tax-exempt status?
You can verify New York University Veba Trust's tax-exempt status using EIN 16274657 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 University Veba Trust demonstrates exceptional financial health and efficiency, primarily functioning as a vehicle for managing employee benefits rather than a traditional program-delivery charity. Its financial statements consistently show very low expenses relative to its substantial revenue and growing asset base. For instance, in the 202308 period, expenses were only $128,306 against revenues of $16,971,769, indicating an extremely lean operational structure. The trust's assets have steadily grown, reaching $264,059,592, which is a strong indicator of long-term stability and effective asset management. Given its specific purpose as a VEBA (Voluntary Employees' Beneficiary Association), its financial structure is designed to accumulate and manage funds for future benefit payments, rather than direct charitable program spending. Transparency is high, with consistent 990 filings showing zero liabilities in recent years and no officer compensation, which simplifies financial analysis and builds trust.