Is Purchase College Association Inc Suny College At Purchase Legit?
Quick charity verification for Purchase College Association Inc Suny College At Purchase (EIN: 133024624)
Verdict: Purchase College Association Inc Suny College At Purchase appears trustworthy
85/100Mission Score
$13.9MRevenue
$6.9MAssets
1Red Flags
4Strengths
Red Flags
Consistent operational deficits in the last two reporting periods (202306 and 202406), where expenses exceeded revenue by $458,731 and $205,241 respectively.
Strengths
Strong revenue growth from $1.5 million in 2020 to over $12 million in 2024, indicating significant recovery and expansion.
Consistent reporting of 0% officer compensation across all available filings, demonstrating a commitment to directing funds towards the mission.
Healthy asset-to-liability ratio, with assets of $7,015,641 significantly exceeding liabilities of $1,457,736 in the latest period.
Long history of IRS 990 filings (14 filings), indicating strong transparency and compliance.
Spending Breakdown
How Purchase College Association Inc Suny College At Purchase 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 Purchase College Association Inc Suny College At Purchase
Is Purchase College Association Inc Suny College At Purchase a legitimate charity?
Based on AI analysis of IRS 990 filings, Purchase College Association Inc Suny College At Purchase (EIN: 133024624) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Purchase College Association Inc Suny College At Purchase a good charity to donate to?
Purchase College Association Inc Suny College At Purchase has a Mission Score of 85/100. Revenue: $13.9M. Assets: $6.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Purchase College Association Inc Suny College At Purchase?
The Employer Identification Number (EIN) for Purchase College Association Inc Suny College At Purchase is 133024624. 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 Purchase College Association Inc Suny College At Purchase spend its money?
Purchase College Association Inc Suny College At Purchase allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Purchase College Association Inc Suny College At Purchase's tax-exempt status?
You can verify Purchase College Association Inc Suny College At Purchase's tax-exempt status using EIN 133024624 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
Purchase College Association Inc Suny College At Purchase demonstrates a generally stable financial position, with recent years showing consistent revenue and expense levels. For the period ending June 2024, the organization reported revenues of $12,895,718 against expenses of $13,100,959, indicating a slight operational deficit. This trend of expenses closely matching or slightly exceeding revenue has been observed in the past two periods (202306 and 202406), suggesting tight financial management or strategic spending. The organization's assets have remained relatively consistent, with $7,015,641 in assets and $1,457,736 in liabilities for the latest period, indicating a healthy asset-to-liability ratio. The significant increase in revenue from $1.5 million in 2020 to over $12 million in 2024 suggests substantial growth or a change in operational scope following the pandemic period.
Spending efficiency appears to be reasonable, though specific program, administrative, and fundraising breakdowns are not provided in the raw data. However, the consistent operational deficits in the last two years (e.g., $205,241 in 2024 and $458,731 in 2023) warrant closer examination to ensure long-term sustainability. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 14 filings available, demonstrating a commitment to public disclosure. The reported 0% officer compensation across all available filings is a notable positive indicator for donor confidence, suggesting resources are directed towards the organization's mission rather than executive salaries.
Overall, while the organization has shown strong recovery and growth in revenue post-2020, the recurring operational deficits in the most recent periods should be monitored. Its consistent financial reporting and lack of executive compensation are strong points for transparency and efficiency. Further analysis of detailed expense categories would provide a more granular understanding of spending efficiency.