Quick charity verification for The New York City Leadership Center Inc (EIN: 208991671)
Verdict: The New York City Leadership Center Inc shows mixed signals
55/100Mission Score
$2.7MRevenue
$1.1MAssets
4Red Flags
2Strengths
Red Flags
Significant and recurring operating deficits (e.g., $1,437,711 in 2022, $750,957 in 2021).
Dramatic increase in liabilities, from $614,990 in 2020 to $2,357,535 in 2022.
Assets ($127,482 in 2022) are significantly lower than liabilities ($2,357,535 in 2022), indicating a negative net asset position.
Revenue has declined from a peak of $5,592,454 in 2019 to $3,293,521 in 2022.
Strengths
Consistent reporting of 0% officer compensation, indicating a commitment to minimizing executive overhead.
History of significant revenue generation, exceeding $3 million annually for most of the past decade.
Spending Breakdown
How The New York City Leadership Center Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 New York City Leadership Center Inc
Is The New York City Leadership Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The New York City Leadership Center Inc (EIN: 208991671) shows mixed signals. Mission Score: 55/100. 4 red flags identified, 2 strengths noted.
Is The New York City Leadership Center Inc a good charity to donate to?
The New York City Leadership Center Inc has a Mission Score of 55/100. Revenue: $2.7M. Assets: $1.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The New York City Leadership Center Inc?
The Employer Identification Number (EIN) for The New York City Leadership Center Inc is 208991671. 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 New York City Leadership Center Inc spend its money?
The New York City Leadership Center Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The New York City Leadership Center Inc's tax-exempt status?
You can verify The New York City Leadership Center Inc's tax-exempt status using EIN 208991671 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 New York City Leadership Center Inc has experienced significant financial fluctuations over the past several years. While the organization reported total assets of $1,054,359 in its latest filing, its 2022 fiscal year showed a substantial deficit, with expenses of $4,731,232 exceeding revenue of $3,293,521, leading to a negative net asset position due to liabilities of $2,357,535 far outweighing assets of $127,482. This trend of expenses exceeding revenue was also present in 2021 and 2018, indicating potential sustainability challenges.
The organization consistently reports 0% officer compensation across all available filings, which is a notable aspect of its financial transparency and could suggest a volunteer-led or very lean executive structure. However, without a detailed breakdown of functional expenses (program, administrative, fundraising) from the provided data, it's challenging to fully assess spending efficiency. The significant increase in liabilities in 2021 and 2022, reaching $2,357,535 in 2022, is a major concern regarding financial health.
Overall, while the lack of officer compensation is a positive transparency indicator, the recurring deficits and the dramatic increase in liabilities in recent years raise serious questions about the organization's long-term financial stability and operational management. A deeper dive into the nature of these liabilities and the specific allocation of expenses would be necessary for a comprehensive assessment of its spending efficiency and overall financial health.