Is Ronald Mcdonald House Charities New York Metro Inc Legit?
Quick charity verification for Ronald Mcdonald House Charities New York Metro Inc (EIN: 112764747)
Verdict: Ronald Mcdonald House Charities New York Metro Inc appears trustworthy
90/100Mission Score
$11.9MRevenue
$39.7MAssets
2Red Flags
5Strengths
Red Flags
Unusually low reported expenses relative to revenue in 2023 ($6.1M expenses vs $15.2M revenue), which could indicate significant non-cash contributions or restricted funds not fully expended, or a very high program efficiency that warrants further investigation into specific program costs.
Consistent 0% officer compensation for an organization of this size and asset base is highly unusual and might suggest that executive salaries are covered by an affiliated entity or through other means not reported on the 990, or that leadership roles are entirely volunteer-based, which is rare for a large nonprofit.
Strengths
Strong financial growth, with assets increasing from $14 million in 2015 to over $35 million in 2023.
Significant revenue increase in 2023 to $15,226,436, demonstrating robust fundraising capabilities.
Consistent reporting of 0% officer compensation, indicating a strong commitment to directing funds towards programs.
Healthy surpluses in most years, particularly in 2023, suggesting effective financial management and sustainability.
Low liabilities relative to assets, indicating a strong balance sheet and low financial risk.
Spending Breakdown
How Ronald Mcdonald House Charities New York Metro 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 Ronald Mcdonald House Charities New York Metro Inc
Is Ronald Mcdonald House Charities New York Metro Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ronald Mcdonald House Charities New York Metro Inc (EIN: 112764747) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
Is Ronald Mcdonald House Charities New York Metro Inc a good charity to donate to?
Ronald Mcdonald House Charities New York Metro Inc has a Mission Score of 90/100. Revenue: $11.9M. Assets: $39.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ronald Mcdonald House Charities New York Metro Inc?
The Employer Identification Number (EIN) for Ronald Mcdonald House Charities New York Metro Inc is 112764747. 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 Ronald Mcdonald House Charities New York Metro Inc spend its money?
Ronald Mcdonald House Charities New York Metro Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ronald Mcdonald House Charities New York Metro Inc's tax-exempt status?
You can verify Ronald Mcdonald House Charities New York Metro Inc's tax-exempt status using EIN 112764747 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
Ronald McDonald House Charities New York Metro Inc. demonstrates strong financial health and a commitment to its mission, as evidenced by its recent IRS 990 filings. In the 2023 fiscal period, the organization reported substantial revenue of $15,226,436 against expenses of $6,162,650, resulting in a significant surplus that contributed to an increase in assets to $35,397,301. This trend of revenue exceeding expenses is generally positive, indicating effective fundraising and financial management. The organization's assets have shown consistent growth over the past decade, from $14,012,360 in 2015 to over $35 million in 2023, suggesting long-term stability and capacity for program delivery.
The organization's spending efficiency appears robust, with a significant portion of its expenditures likely directed towards program services, given the healthy surpluses. The consistent reporting of 0% officer compensation across all available filings is a notable indicator of transparency and a focus on directing funds towards the mission rather than executive salaries. This practice enhances donor confidence and suggests a volunteer-driven or highly efficient administrative structure for leadership roles. The relatively low liabilities compared to assets also point to a well-managed balance sheet.
Overall, Ronald McDonald House Charities New York Metro Inc. appears to be a financially sound and transparent organization. Its ability to consistently generate surpluses, grow its asset base, and maintain zero officer compensation reflects a strong commitment to its charitable purpose and responsible stewardship of donor funds. The significant increase in revenue in 2023 further solidifies its financial position and potential for expanded impact.