Is North Bronx Faculty Practice Corporation Legit?
Quick charity verification for North Bronx Faculty Practice Corporation (EIN: 134169311)
Verdict: North Bronx Faculty Practice Corporation appears trustworthy
85/100Mission Score
$25.9MRevenue
$15.8MAssets
3Red Flags
3Strengths
Red Flags
Operating deficit in the most recent fiscal year (202306) where expenses exceeded revenue by over $2.6 million.
Unusually high growth volatility in revenue and expenses over the past decade, making financial forecasting challenging.
Consistent reporting of 0% officer compensation, which, while seemingly positive, can sometimes obscure compensation paid by related organizations or raise questions about the sustainability of leadership.
Strengths
Consistent reporting of zero liabilities across most filings, indicating strong financial solvency and low debt burden.
Significant growth in assets from $3.2 million in 2020 to $11.43 million in 2023, demonstrating increasing financial capacity.
Absence of reported officer compensation, suggesting a high proportion of funds are directed towards programs or other operational costs rather than executive salaries.
Spending Breakdown
How North Bronx Faculty Practice Corporation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
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 North Bronx Faculty Practice Corporation
Is North Bronx Faculty Practice Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, North Bronx Faculty Practice Corporation (EIN: 134169311) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
Is North Bronx Faculty Practice Corporation a good charity to donate to?
North Bronx Faculty Practice Corporation has a Mission Score of 85/100. Revenue: $25.9M. Assets: $15.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for North Bronx Faculty Practice Corporation?
The Employer Identification Number (EIN) for North Bronx Faculty Practice Corporation is 134169311. 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 North Bronx Faculty Practice Corporation spend its money?
North Bronx Faculty Practice Corporation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify North Bronx Faculty Practice Corporation's tax-exempt status?
You can verify North Bronx Faculty Practice Corporation's tax-exempt status using EIN 134169311 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
North Bronx Faculty Practice Corporation demonstrates a highly variable financial history, with significant fluctuations in revenue and expenses over the past decade. The organization experienced a substantial increase in revenue from $3.75 million in 2020 to $21.61 million in 2023, alongside a corresponding rise in expenses. In the most recent period (202306), expenses ($24,261,737) exceeded revenue ($21,611,103), indicating an operating deficit for that year. However, the organization consistently reports zero liabilities across most filings, suggesting a strong balance sheet in terms of debt. The absence of reported officer compensation in all available filings is a notable aspect of its transparency and spending on leadership.
The organization's financial health appears to be in a growth phase, albeit with some operational losses in recent periods. The significant increase in assets from $3.2 million in 2020 to $11.43 million in 2023 further supports this growth. While specific program spending ratios are not detailed in the provided summary, the lack of officer compensation suggests a focus on other operational areas. The consistent reporting of zero liabilities is a positive indicator of financial stability and responsible fiscal management, minimizing financial risk.
Overall, North Bronx Faculty Practice Corporation exhibits a dynamic financial profile. Its rapid growth in revenue and assets, coupled with a consistent lack of reported officer compensation and zero liabilities, points to a financially sound organization with a strong commitment to minimizing administrative overhead in leadership. However, the recent operating deficit in 2023 warrants monitoring to ensure long-term sustainability.