Is Ny Ct Association Of Tax Professionals Inc Legit?
Quick charity verification for Ny Ct Association Of Tax Professionals Inc (EIN: 133415450)
Verdict: Ny Ct Association Of Tax Professionals Inc appears trustworthy
70/100Mission Score
$99KRevenue
$8KAssets
3Red Flags
3Strengths
Red Flags
Consistent operating deficits in recent years (202306: -$26,356; 202206: -$18,704)
Declining asset base from $66,363 in 202106 to $33,084 in 202306
Lack of detailed functional expense breakdown in provided data to fully assess program vs. admin spending
Strengths
100% volunteer leadership with 0% officer compensation reported across all filings
Consistent IRS 990 filing history demonstrating transparency
Maintains a positive asset balance, albeit declining
Spending Breakdown
How Ny Ct Association Of Tax Professionals Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Ny Ct Association Of Tax Professionals Inc
Is Ny Ct Association Of Tax Professionals Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ny Ct Association Of Tax Professionals Inc (EIN: 133415450) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is Ny Ct Association Of Tax Professionals Inc a good charity to donate to?
Ny Ct Association Of Tax Professionals Inc has a Mission Score of 70/100. Revenue: $99K. Assets: $8K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ny Ct Association Of Tax Professionals Inc?
The Employer Identification Number (EIN) for Ny Ct Association Of Tax Professionals Inc is 133415450. 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 Ny Ct Association Of Tax Professionals Inc spend its money?
Ny Ct Association Of Tax Professionals Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ny Ct Association Of Tax Professionals Inc's tax-exempt status?
You can verify Ny Ct Association Of Tax Professionals Inc's tax-exempt status using EIN 133415450 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
Ny Ct Association Of Tax Professionals Inc appears to be a small professional association with fluctuating financial performance. In the latest filing (202306), the organization reported revenue of $86,125 against expenses of $112,481, indicating a deficit for the period. This follows a similar trend in 202206 where expenses ($54,155) exceeded revenue ($35,451). While the organization has experienced periods of surplus, such as in 202106, the recent trend suggests a need for closer examination of its financial sustainability. The organization consistently reports 0% officer compensation, which is a positive indicator of volunteer leadership and efficient use of funds for its stated purpose.
Given its nature as a professional association, the primary 'program' spending would likely be on member services, education, and advocacy. Without detailed functional expense breakdowns, it's challenging to precisely assess spending efficiency beyond the overall revenue-expense relationship. However, the consistent reporting of no officer compensation suggests a commitment to minimizing administrative overhead in that specific area. The organization's assets have fluctuated, with a notable decrease from $66,363 in 202106 to $33,084 in 202306, which warrants attention.
Transparency is generally good through its consistent IRS 990 filings. The absence of officer compensation is a strong point for transparency regarding executive pay. However, without more detailed expense breakdowns, a full assessment of how funds are allocated between programs, administration, and fundraising is not possible from the provided data.