Is Plumbing Industry Promotion Fund Of New York City Legit?
Quick charity verification for Plumbing Industry Promotion Fund Of New York City (EIN: 136272083)
Verdict: Plumbing Industry Promotion Fund Of New York City appears trustworthy
75/100Mission Score
$3.4MRevenue
$3.4MAssets
2Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in the latest two fiscal periods (2023 and 2022), totaling a deficit of over $350,000.
Lack of detailed spending breakdown (program, admin, fundraising) in the provided data makes a precise efficiency analysis challenging.
Strengths
Consistent reporting of 0% officer compensation, indicating efficient use of funds for non-executive purposes.
Strong and growing asset base, reaching over $4.2 million in 2023, providing financial stability.
Low liabilities relative to assets, demonstrating a healthy balance sheet.
Consistent filing history of IRS Form 990s, indicating transparency and compliance.
Spending Breakdown
How Plumbing Industry Promotion Fund Of New York City 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 Plumbing Industry Promotion Fund Of New York City
Is Plumbing Industry Promotion Fund Of New York City a legitimate charity?
Based on AI analysis of IRS 990 filings, Plumbing Industry Promotion Fund Of New York City (EIN: 136272083) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Plumbing Industry Promotion Fund Of New York City a good charity to donate to?
Plumbing Industry Promotion Fund Of New York City has a Mission Score of 75/100. Revenue: $3.4M. Assets: $3.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Plumbing Industry Promotion Fund Of New York City?
The Employer Identification Number (EIN) for Plumbing Industry Promotion Fund Of New York City is 136272083. 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 Plumbing Industry Promotion Fund Of New York City spend its money?
Plumbing Industry Promotion Fund Of New York City allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Plumbing Industry Promotion Fund Of New York City's tax-exempt status?
You can verify Plumbing Industry Promotion Fund Of New York City's tax-exempt status using EIN 136272083 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
The Plumbing Industry Promotion Fund Of New York City demonstrates consistent financial activity, with revenues and expenses generally in the range of $2-3 million annually over the past decade. The organization's assets have shown a steady increase, reaching $4,241,984 in 2023, indicating financial stability. However, the latest filing for 2023 shows expenses exceeding revenue by approximately $292,597 ($2,441,296 in expenses vs. $2,148,699 in revenue), a trend also observed in 2022 and 2015, suggesting a need to monitor spending relative to income. The organization consistently reports 0% officer compensation, which is a positive indicator of resource allocation directly to its mission rather than executive salaries.
While the provided data lacks a detailed breakdown of program, administrative, and fundraising expenses, the absence of officer compensation suggests a lean operational structure at the top. The organization's liabilities are consistently low relative to its assets, indicating a healthy balance sheet. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to regulatory compliance and transparency in its financial reporting.
Overall, the organization appears financially stable with a strong asset base and a history of consistent operations. The recent trend of expenses exceeding revenue warrants attention to ensure long-term sustainability, but the lack of executive compensation is a significant strength in terms of resource allocation.