Is The Mayors Fund To Advance New York City Legit?
Quick charity verification for The Mayors Fund To Advance New York City (EIN: 133783906)
Verdict: The Mayors Fund To Advance New York City appears trustworthy
75/100Mission Score
$11.1MRevenue
$17.8MAssets
3Red Flags
3Strengths
Red Flags
Consistent 0% officer compensation, which is unusual for an organization of this scale and may indicate compensation is reported under other categories, potentially obscuring true executive costs.
Significant year-to-year fluctuations in revenue and expenses, making long-term financial planning and stability assessment challenging without further context.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering a precise evaluation of spending efficiency.
Strengths
No reported officer compensation, suggesting a strong commitment to directing funds towards mission-related activities.
Significant asset base of $15,988,724 in 202306, providing financial resilience.
Demonstrated ability to manage large-scale projects and secure substantial funding, as evidenced by the $78 million revenue in 202006.
Spending Breakdown
How The Mayors Fund To Advance 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 The Mayors Fund To Advance New York City
Is The Mayors Fund To Advance New York City a legitimate charity?
Based on AI analysis of IRS 990 filings, The Mayors Fund To Advance New York City (EIN: 133783906) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is The Mayors Fund To Advance New York City a good charity to donate to?
The Mayors Fund To Advance New York City has a Mission Score of 75/100. Revenue: $11.1M. Assets: $17.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Mayors Fund To Advance New York City?
The Employer Identification Number (EIN) for The Mayors Fund To Advance New York City is 133783906. 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 Mayors Fund To Advance New York City spend its money?
The Mayors Fund To Advance 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 The Mayors Fund To Advance New York City's tax-exempt status?
You can verify The Mayors Fund To Advance New York City's tax-exempt status using EIN 133783906 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 Mayors Fund To Advance New York City demonstrates a fluctuating financial landscape over the past decade, with significant swings in revenue and expenses. For instance, revenue peaked at $78,006,463 in 202006, while expenses reached $66,435,497 in the same period. More recently, the organization reported revenue of $10,878,832 and expenses of $11,343,971 in 202306, indicating a slight deficit. The organization consistently reports 0% officer compensation, which is a positive indicator of financial transparency and a focus on mission-related spending rather than executive enrichment. However, without a detailed breakdown of program, administrative, and fundraising expenses, a complete assessment of spending efficiency is challenging. The organization's assets have also varied, from a high of $50,115,664 in 201406 to $15,988,724 in 202306, suggesting dynamic financial management and project-based funding cycles.