Is On Point Nyc Inc Legit?

Quick charity verification for On Point Nyc Inc (EIN: 208672015)

Verdict: On Point Nyc Inc appears trustworthy

90/100Mission Score

$17.4MRevenue

$43.6MAssets

1Red Flags

4Strengths

Red Flags

Unusually low (0%) reported officer compensation for an organization of this size, which may warrant further investigation into executive pay structures.

Strengths

Exceptional revenue growth, particularly in the last fiscal year (2023 revenue of $16,941,579, up from $7,501,947 in 2022).
Strong financial health with consistently growing assets ($15,358,634 in 2023) and a healthy surplus.
Consistent reporting of 0% officer compensation, indicating a potential strong focus on program spending.
Positive net asset position, demonstrating solvency and good financial management.

Spending Breakdown

How On Point Nyc Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 On Point Nyc Inc

Is On Point Nyc Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, On Point Nyc Inc (EIN: 208672015) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.

Is On Point Nyc Inc a good charity to donate to?

On Point Nyc Inc has a Mission Score of 90/100. Revenue: $17.4M. Assets: $43.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for On Point Nyc Inc?

The Employer Identification Number (EIN) for On Point Nyc Inc is 208672015. 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 On Point Nyc Inc spend its money?

On Point Nyc Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify On Point Nyc Inc's tax-exempt status?

You can verify On Point Nyc Inc's tax-exempt status using EIN 208672015 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

On Point Nyc Inc demonstrates strong financial growth and appears to be in a healthy financial position. Revenue has seen a significant increase, jumping from $7,501,947 in 2022 to $16,941,579 in 2023, indicating robust fundraising or program expansion. The organization consistently maintains a positive net asset position, with assets of $15,358,634 against liabilities of $2,940,713 in 2023, suggesting good financial management and solvency. The consistent reporting of 0% officer compensation across all available filings is a notable aspect of its transparency and resource allocation. This suggests that either executive compensation is very low, or it is not reported under 'officer compensation' in a way that is immediately visible, which could warrant further investigation for a complete picture of executive pay practices.

Spending efficiency appears strong, with expenses in 2023 at $11,951,156 against revenues of $16,941,579, leaving a substantial surplus that contributes to asset growth. The organization's NTEE code E32 (Youth Development Programs) aligns with its mission, and the financial data supports the capacity for significant program delivery. The consistent growth in assets over the years, from $883,075 in 2014 to $15,358,634 in 2023, further underscores its financial stability and ability to build reserves for future operations.

While the 0% officer compensation is a positive indicator of resource allocation towards the mission, a detailed breakdown of program, administrative, and fundraising expenses would provide a more granular view of spending efficiency. However, based on the available data, On Point Nyc Inc exhibits strong financial health, impressive growth, and a commitment to transparency regarding executive compensation as reported in the 990s.

View Full Transparency Report →

Disclaimer

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