Is The Elevator Industry Fund For The Greater New York City Metropolitan Legit?

Quick charity verification for The Elevator Industry Fund For The Greater New York City Metropolitan (EIN: 132977270)

Verdict: The Elevator Industry Fund For The Greater New York City Metropolitan appears trustworthy

95/100Mission Score
$6.5MRevenue
$5.3MAssets
0Red Flags
5Strengths

No red flags identified.

Strengths

Spending Breakdown

How The Elevator Industry Fund For The Greater New York City Metropolitan allocates its funds across programs, administration, and fundraising.

90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 The Elevator Industry Fund For The Greater New York City Metropolitan

Is The Elevator Industry Fund For The Greater New York City Metropolitan a legitimate charity?

Based on AI analysis of IRS 990 filings, The Elevator Industry Fund For The Greater New York City Metropolitan (EIN: 132977270) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.

Is The Elevator Industry Fund For The Greater New York City Metropolitan a good charity to donate to?

The Elevator Industry Fund For The Greater New York City Metropolitan has a Mission Score of 95/100. Revenue: $6.5M. Assets: $5.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for The Elevator Industry Fund For The Greater New York City Metropolitan?

The Employer Identification Number (EIN) for The Elevator Industry Fund For The Greater New York City Metropolitan is 132977270. 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 The Elevator Industry Fund For The Greater New York City Metropolitan spend its money?

The Elevator Industry Fund For The Greater New York City Metropolitan allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify The Elevator Industry Fund For The Greater New York City Metropolitan's tax-exempt status?

You can verify The Elevator Industry Fund For The Greater New York City Metropolitan's tax-exempt status using EIN 132977270 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 Elevator Industry Fund For The Greater New York City Metropolitan demonstrates consistent financial stability and efficiency based on its IRS 990 filings. Over the past several years, the organization has consistently reported revenues exceeding expenses, leading to a steady growth in assets. For instance, in 2023, revenue was $216,839 against expenses of $172,196, contributing to an asset base of $847,270 with no reported liabilities. This trend of positive net income and asset accumulation suggests sound financial management. The organization's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This indicates that a very high proportion of its expenditures are likely directed towards its stated purpose, rather than executive salaries. The absence of liabilities further reinforces a healthy balance sheet and responsible financial practices. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the lack of officer compensation is a significant positive indicator of efficiency. Transparency is generally good, with a consistent filing history over 12 periods. The clear reporting of revenues, expenses, assets, liabilities, and officer compensation in each filing provides a solid foundation for analysis. The consistent growth in assets from $343,057 in 2013 to $847,270 in 2023, alongside minimal expenses relative to revenue, points to a well-managed and financially robust organization.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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