Quick charity verification for Upstate New York Engineers Health Fund (EIN: 150582931)
Verdict: Upstate New York Engineers Health Fund appears trustworthy
92/100Mission Score
$63.5MRevenue
$136.6MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent financial surpluses: Revenue ($45,192,625 in 2023) consistently exceeds expenses ($41,198,453 in 2023), indicating strong financial management.
Growing asset base: Assets have grown from $83,153,165 in 2014 to $111,584,065 in 2023, demonstrating long-term financial stability.
No reported officer compensation: Officer compensation is consistently reported as 0% across all filings, suggesting efficient use of funds.
Low liabilities relative to assets: Liabilities are a small fraction of total assets (e.g., $6,773,426 liabilities vs. $111,584,065 assets in 2023), indicating a healthy balance sheet.
Long history of IRS 990 filings: 13 consistent filings demonstrate a commitment to transparency and regulatory compliance.
Spending Breakdown
How Upstate New York Engineers Health Fund allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Upstate New York Engineers Health Fund
Is Upstate New York Engineers Health Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Upstate New York Engineers Health Fund (EIN: 150582931) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Upstate New York Engineers Health Fund a good charity to donate to?
Upstate New York Engineers Health Fund has a Mission Score of 92/100. Revenue: $63.5M. Assets: $136.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Upstate New York Engineers Health Fund?
The Employer Identification Number (EIN) for Upstate New York Engineers Health Fund is 150582931. 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 Upstate New York Engineers Health Fund spend its money?
Upstate New York Engineers Health Fund allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Upstate New York Engineers Health Fund's tax-exempt status?
You can verify Upstate New York Engineers Health Fund's tax-exempt status using EIN 150582931 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 Upstate New York Engineers Health Fund demonstrates consistent financial health, with revenues generally exceeding expenses over the past decade. In the latest reported period (202303), the organization generated $45,192,625 in revenue against $41,198,453 in expenses, indicating a healthy surplus. Its asset base has also shown steady growth, reaching $111,584,065 in 2023, up from $83,153,165 in 2014, suggesting prudent financial management and accumulation of reserves. The organization's liabilities remain a relatively small portion of its assets, further indicating financial stability.
Spending efficiency appears strong, particularly given the nature of a health fund, which primarily involves direct benefit payments. The consistent reporting of 0% officer compensation across all available filings suggests that executive leadership is either unpaid or compensated through other means not categorized as officer compensation on the 990, which can be a positive indicator of resource allocation directly to the mission. However, without a detailed functional expense breakdown, it's challenging to precisely determine the exact percentages allocated to programs, administration, and fundraising. Given its purpose as a health fund, a significant portion of expenses would inherently be program-related (i.e., health benefits).
Transparency regarding executive compensation is high, with a clear indication of no reported officer compensation. The consistent filing of IRS Form 990s over a long period (13 filings) also points to a commitment to regulatory compliance and public disclosure. While the NTEE code is unknown, the organization's name clearly defines its purpose, contributing to overall transparency regarding its mission.