Consistent 0% reported officer compensation, which is unusual for an organization of this size and could indicate a lack of transparency in reporting executive pay.
Rapid increase in liabilities from $7.0M in 2022 to $38.6M in 2023, which, while potentially tied to asset growth, could indicate increased financial risk if not managed effectively.
Strengths
Strong and consistent revenue growth over a decade, from $10.7M in 2014 to $23.0M in 2023, indicating increasing capacity and impact.
Effective expense management, with expenses consistently tracking close to revenue, demonstrating financial discipline.
Significant asset growth, from $4.6M in 2014 to $43.5M in 2023, enhancing the organization's long-term stability and capacity.
Long history of IRS 990 filings (12 filings), indicating a commitment to public reporting and transparency.
Spending Breakdown
How Northern Manhattan Improvement Corp 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 Northern Manhattan Improvement Corp
Is Northern Manhattan Improvement Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Northern Manhattan Improvement Corp (EIN: 132972415) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Northern Manhattan Improvement Corp a good charity to donate to?
Northern Manhattan Improvement Corp has a Mission Score of 85/100. Revenue: $26.5M. Assets: $49.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Northern Manhattan Improvement Corp?
The Employer Identification Number (EIN) for Northern Manhattan Improvement Corp is 132972415. 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 Northern Manhattan Improvement Corp spend its money?
Northern Manhattan Improvement Corp allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Northern Manhattan Improvement Corp's tax-exempt status?
You can verify Northern Manhattan Improvement Corp's tax-exempt status using EIN 132972415 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
Northern Manhattan Improvement Corp (NMIC) demonstrates a strong and consistent growth trajectory in its financial health, with revenue increasing from $10.7 million in 2014 to over $23 million in 2023. The organization consistently manages its expenses close to its revenue, indicating efficient use of funds for its programs. A notable aspect is the reported 0% officer compensation across all available filings, which suggests either a volunteer leadership structure or that compensation is reported differently, warranting further investigation for full transparency. The significant increase in assets from $4.6 million in 2014 to $43.5 million in 2023, particularly the jump from $11.5 million in 2022 to $43.5 million in 2023, alongside a corresponding rise in liabilities, indicates substantial growth and potentially new capital investments or funding structures. This rapid asset growth, while positive for capacity, should be monitored to ensure it aligns with long-term financial stability and mission delivery.
Spending efficiency appears robust, with expenses generally tracking just below revenue, allowing for modest surpluses that contribute to asset growth. The consistent reporting of 0% officer compensation, if accurate, points to a highly cost-effective leadership model, which directly benefits program spending. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency across these categories is limited. The organization's ability to scale its operations and financial resources over a decade, while maintaining a tight control on overall expenses relative to revenue, suggests a well-managed financial operation focused on delivering its mission.
Transparency regarding executive compensation is a potential area for clarification, given the consistent 0% reported. While this could indicate a volunteer board or leadership, it's unusual for an organization of this size and growth to have no compensated officers, which could raise questions for donors seeking full disclosure. The availability of 12 years of IRS 990 filings demonstrates a commitment to public reporting, which is a positive sign of transparency. However, a more detailed breakdown of functional expenses within the 990s would further enhance understanding of how funds are allocated across programs, administration, and fundraising, providing a clearer picture of operational efficiency.