Is Troy Savings Bank Music Hall Corporation Legit?
Quick charity verification for Troy Savings Bank Music Hall Corporation (EIN: 222270512)
Verdict: Troy Savings Bank Music Hall Corporation appears trustworthy
85/100Mission Score
$5.6MRevenue
$5.1MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistently high program spending, averaging over 80% of total expenses.
Strong asset growth, from $302,828 in 2017 to $5,109,334 in 2023, indicating effective financial management and investment.
Healthy revenue streams, with significant increases in 2022 and 2023.
Low liabilities relative to assets, suggesting good financial stability.
AI Transparency Report
Troy Savings Bank Music Hall Corporation is a unknown nonprofit based in Troy, New York, with reported revenue of $5.6M and assets of $5.1M. Our AI analysis assigns a Mission Score of 85/100 (Excellent). Approximately 82% of spending goes to programs, 10% to administration, and 8% to fundraising. Executive compensation appears reasonable, with the highest paid individual receiving $109,000 in 2022, which is appropriate for an organization of this revenue size ($2,615,236 in 2022). Revenue has grown +132% across 13 filing periods.