Quick charity verification for The New York Milk Bank Inc (EIN: 10934160)
Verdict: The New York Milk Bank Inc appears trustworthy
85/100Mission Score
$2.1MRevenue
$1.9MAssets
2Red Flags
5Strengths
Red Flags
Lack of detailed expense breakdown (program, admin, fundraising) in provided data
Expenses exceeded revenue in 2021 and 2022, indicating potential operational deficits in those periods
Strengths
Consistent and significant revenue growth over time, from $161,350 in 2015 to $1,779,649 in 2023
Strong asset growth, reaching $1,499,606 in 2023, providing financial stability
Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership
Generally positive net income, with revenue exceeding expenses in most years, including a substantial surplus in 2023
Clear mission aligned with NTEE code E19 (Blood, Organ & Tissue Banks)
Spending Breakdown
How The New York Milk Bank Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 New York Milk Bank Inc
Is The New York Milk Bank Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The New York Milk Bank Inc (EIN: 10934160) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is The New York Milk Bank Inc a good charity to donate to?
The New York Milk Bank Inc has a Mission Score of 85/100. Revenue: $2.1M. Assets: $1.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The New York Milk Bank Inc?
The Employer Identification Number (EIN) for The New York Milk Bank Inc is 10934160. 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 Milk Bank Inc spend its money?
The New York Milk Bank Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The New York Milk Bank Inc's tax-exempt status?
You can verify The New York Milk Bank Inc's tax-exempt status using EIN 10934160 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 Milk Bank Inc demonstrates a consistent pattern of revenue growth over its filing history, from $161,350 in 2015 to $1,779,649 in 2023. This growth indicates increasing support for its mission. The organization has generally managed its expenses well, often operating with a surplus, as seen in 2023 where revenue exceeded expenses by over $268,000. However, there were periods, such as 2021 and 2022, where expenses slightly outpaced revenue, suggesting careful financial management is necessary to maintain long-term stability.
The organization's assets have also grown significantly, reaching $1,499,606 in 2023, which provides a solid financial foundation. A notable aspect of its transparency is the consistent reporting of 0% officer compensation across all available filings, which suggests that executive leadership is either volunteer-based or compensated through other means not categorized as officer compensation, warranting further investigation for a complete picture of compensation practices. Overall, the financial health appears stable with strong growth, but detailed program, administrative, and fundraising expense breakdowns are needed for a full assessment of spending efficiency.
Without specific breakdowns of program, administrative, and fundraising expenses from the provided data, a precise assessment of spending efficiency is challenging. However, the consistent growth in revenue and assets, coupled with generally positive net income, suggests effective resource generation and management. The lack of reported officer compensation is a positive indicator for donor confidence regarding executive pay, though it would be beneficial to understand the full compensation structure if any key personnel are compensated in other categories. The organization's consistent filing history and growth trajectory point towards a well-managed and transparent operation within the scope of the provided data.