Is New York Youth Symphony Inc Legit?

Quick charity verification for New York Youth Symphony Inc (EIN: 136133041)

Verdict: New York Youth Symphony Inc appears trustworthy

75/100Mission Score
$9.0MRevenue
$11.3MAssets
2Red Flags
4Strengths

Red Flags

Strengths

Spending Breakdown

How New York Youth Symphony Inc allocates its funds across programs, administration, and fundraising.

80%
Program Spending
Healthy — majority goes to mission
10%
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 Youth Symphony Inc

Is New York Youth Symphony Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, New York Youth Symphony Inc (EIN: 136133041) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.

Is New York Youth Symphony Inc a good charity to donate to?

New York Youth Symphony Inc has a Mission Score of 75/100. Revenue: $9.0M. Assets: $11.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for New York Youth Symphony Inc?

The Employer Identification Number (EIN) for New York Youth Symphony Inc is 136133041. 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 Youth Symphony Inc spend its money?

New York Youth Symphony Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify New York Youth Symphony Inc's tax-exempt status?

You can verify New York Youth Symphony Inc's tax-exempt status using EIN 136133041 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 Youth Symphony Inc. demonstrates a generally stable financial position with consistent revenue streams over the past decade, typically ranging between $1 million and $2 million annually. While the latest reported revenue of $8,976,756 is significantly higher than previous years, this appears to be an anomaly or a cumulative figure, as the most recent individual filing (202306) shows revenue of $1,757,142. The organization has shown a healthy growth in assets, increasing from $5,921,230 in 2017 to $9,408,616 in 2023, indicating good financial management and accumulation of resources. Liabilities have remained relatively low, with a notable increase in 2023 to $1,416,016, which warrants further investigation but does not immediately suggest distress given the asset base. Spending efficiency appears reasonable, with expenses generally aligning with or slightly exceeding revenue in some years, such as 2023 where expenses ($1,922,143) surpassed revenue ($1,757,142). However, in other years like 2022, revenue ($1,961,364) significantly exceeded expenses ($1,444,744), contributing to asset growth. The consistent reporting of 0% officer compensation across all available filings suggests either a volunteer-led executive team or that compensation is reported under other categories, which could impact transparency regarding leadership costs. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging, but the overall financial trends suggest a well-managed organization. Transparency regarding executive compensation is a potential area for improvement, as the 0% officer compensation reported across all filings is unusual for an organization of this size and revenue. While it might indicate a specific reporting method, it lacks clarity for external stakeholders. The consistent filing of IRS Form 990s over many years demonstrates a commitment to regulatory compliance and basic financial transparency.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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