Quick charity verification for Philanthropy New York Inc (EIN: 133001403)
Verdict: Philanthropy New York Inc appears trustworthy
75/100Mission Score
$9.7MRevenue
$13.2MAssets
2Red Flags
3Strengths
Red Flags
Consistent 0% officer compensation reported, which is unusual for an organization of this scale and may obscure true leadership costs.
Operating deficit in the most recent filing (2023), with expenses exceeding revenue by $735,475.
Strengths
Strong asset base, consistently exceeding $9 million over the last decade, indicating financial stability.
Healthy net asset position, with assets significantly outweighing liabilities ($10,776,864 assets vs. $2,714,432 liabilities in 2023).
Long history of IRS 990 filings (13 filings), demonstrating consistent reporting.
Spending Breakdown
How Philanthropy New York 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
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 Philanthropy New York Inc
Is Philanthropy New York Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Philanthropy New York Inc (EIN: 133001403) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Philanthropy New York Inc a good charity to donate to?
Philanthropy New York Inc has a Mission Score of 75/100. Revenue: $9.7M. Assets: $13.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Philanthropy New York Inc?
The Employer Identification Number (EIN) for Philanthropy New York Inc is 133001403. 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 Philanthropy New York Inc spend its money?
Philanthropy New York Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Philanthropy New York Inc's tax-exempt status?
You can verify Philanthropy New York Inc's tax-exempt status using EIN 133001403 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
Philanthropy New York Inc. demonstrates a generally stable financial position, with assets consistently exceeding liabilities over the past decade. While revenue and expenses have fluctuated, the organization has maintained a healthy asset base, reaching $10,776,864 in 2023. The most recent filing (2023) shows expenses exceeding revenue by $735,475 ($5,272,703 in expenses vs. $4,537,228 in revenue), indicating a deficit for that period. However, this follows several years of more balanced or surplus operations, suggesting a strategic use of reserves or a temporary operational adjustment. The organization's consistent reporting of 0% officer compensation across all available filings is a notable aspect of its transparency and financial management, indicating that no compensation is paid to officers, directors, trustees, or key employees, which is unusual for an organization of this size and could imply a different operational structure or reporting method for leadership costs.