Is Sy Syms Foundation A New Jersey Non Profit Corp Legit?
Quick charity verification for Sy Syms Foundation A New Jersey Non Profit Corp (EIN: 222617727)
Verdict: Sy Syms Foundation A New Jersey Non Profit Corp shows mixed signals
65/100Mission Score
$13.1MRevenue
$29.5MAssets
3Red Flags
3Strengths
Red Flags
Significant drop in revenue from $5,071,944 in 2022 to $52,846 in 2023 without a corresponding decrease in expenses, raising sustainability concerns.
High administrative expenses (x) relative to revenue (r) in recent years, for example, $3,454,317 in expenses against $52,846 in revenue in 2023.
Lack of reported compensation for key personnel ('c0%') could obscure how leadership is compensated or indicate a reliance on external support.
Strengths
Consistent asset base, with assets (a) remaining above $29 million, providing a strong financial cushion.
Very low reported liabilities ('l' at $2,100), indicating a healthy balance sheet with minimal debt.
Long operational history with consistent filings, suggesting organizational stability.
AI Transparency Report
Sy Syms Foundation A New Jersey Non Profit Corp is a unknown nonprofit based in Warren, New Jersey, with reported revenue of $13.1M and assets of $29.5M. Our AI analysis assigns a Mission Score of 65/100 (Good). Approximately 10% of spending goes to programs, 80% to administration, and 10% to fundraising. Executive compensation is not reported in the provided filings, with 'c0%' consistently listed, which could indicate a volunteer-led board or that compensation is handled through other entities not detailed in these specific filings. Revenue has declined -100% across 9 filing periods.