Is The Trustees Of The New York Society Library Legit?
Quick charity verification for The Trustees Of The New York Society Library (EIN: 131635307)
Verdict: The Trustees Of The New York Society Library appears trustworthy
90/100Mission Score
$75.6MRevenue
$62.7MAssets
2Red Flags
5Strengths
Red Flags
Unusually low reported liabilities relative to assets, potentially masking certain financial obligations if not fully detailed.
0% officer compensation for an organization of this size is highly unusual and warrants further investigation into how leadership is compensated or sustained.
Strengths
Consistent growth in assets, reaching $55,306,942 in 2023, indicating strong financial stewardship.
Consistent filing of IRS Form 990s over 14 periods, indicating good transparency practices.
Expenses generally managed within revenue, preventing significant operational deficits.
No reported officer compensation, suggesting a high dedication of funds to the mission.
Spending Breakdown
How The Trustees Of The New York Society Library 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 Trustees Of The New York Society Library
Is The Trustees Of The New York Society Library a legitimate charity?
Based on AI analysis of IRS 990 filings, The Trustees Of The New York Society Library (EIN: 131635307) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
Is The Trustees Of The New York Society Library a good charity to donate to?
The Trustees Of The New York Society Library has a Mission Score of 90/100. Revenue: $75.6M. Assets: $62.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Trustees Of The New York Society Library?
The Employer Identification Number (EIN) for The Trustees Of The New York Society Library is 131635307. 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 Trustees Of The New York Society Library spend its money?
The Trustees Of The New York Society Library allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Trustees Of The New York Society Library's tax-exempt status?
You can verify The Trustees Of The New York Society Library's tax-exempt status using EIN 131635307 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 Trustees Of The New York Society Library demonstrates a generally stable financial position, with assets consistently growing over the past decade, reaching $55,306,942 in 2023. The organization's revenue has fluctuated, with a notable spike to $7,437,430 in 2021, but has otherwise remained in the $3-4 million range. Expenses have also been relatively consistent, typically around $3.5 million annually. The organization has maintained a healthy asset-to-liability ratio, indicating good financial solvency.
Spending efficiency appears sound, as expenses have generally been managed within or close to revenue levels, preventing significant deficits. For instance, in 2023, expenses were $3,809,468 against revenues of $3,590,490, a slight deficit, but this is not a consistent trend. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards the organization's mission rather than executive salaries, which is a positive indicator of financial transparency and efficiency.
Overall, the organization exhibits good financial health with a solid asset base and controlled spending. The consistent filing of IRS Form 990s over 14 periods, coupled with the detailed financial data provided, points to a commitment to transparency. The absence of officer compensation is a significant strength in terms of resource allocation.