Is Urbanglass New York Contemporary Glass Center Inc Legit?
Quick charity verification for Urbanglass New York Contemporary Glass Center Inc (EIN: 133098471)
Verdict: Urbanglass New York Contemporary Glass Center Inc shows mixed signals
65/100Mission Score
$3.4MRevenue
$1.2MAssets
3Red Flags
2Strengths
Red Flags
Consistent operational deficits (e.g., $471,363 deficit in 2023)
Declining asset base (from $1,687,992 in 2021 to $1,142,690 in 2023)
Increasing liabilities (from $566,837 in 2020 to $1,113,549 in 2023)
Strengths
Zero officer compensation reported across all filings, indicating high dedication to mission
Long filing history (13 filings) suggests consistent operation and transparency in reporting
Spending Breakdown
How Urbanglass New York Contemporary Glass 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 Urbanglass New York Contemporary Glass Center Inc
Is Urbanglass New York Contemporary Glass Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Urbanglass New York Contemporary Glass Center Inc (EIN: 133098471) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
Is Urbanglass New York Contemporary Glass Center Inc a good charity to donate to?
Urbanglass New York Contemporary Glass Center Inc has a Mission Score of 65/100. Revenue: $3.4M. Assets: $1.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Urbanglass New York Contemporary Glass Center Inc?
The Employer Identification Number (EIN) for Urbanglass New York Contemporary Glass Center Inc is 133098471. 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 Urbanglass New York Contemporary Glass Center Inc spend its money?
Urbanglass New York Contemporary Glass Center Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Urbanglass New York Contemporary Glass Center Inc's tax-exempt status?
You can verify Urbanglass New York Contemporary Glass Center Inc's tax-exempt status using EIN 133098471 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
Urbanglass New York Contemporary Glass Center Inc has demonstrated consistent operational deficits in recent years, with expenses exceeding revenue in most of its recent filings. For instance, in 2023, expenses were $3,773,081 against revenues of $3,301,718, indicating a significant shortfall. This trend suggests a reliance on existing assets or other funding sources to cover operational costs. The organization's assets have also shown a declining trend, from $1,687,992 in 2021 to $1,142,690 in 2023, while liabilities have generally increased, reaching $1,113,549 in 2023. This financial pattern raises concerns about long-term sustainability if not addressed.
Despite these financial challenges, the organization reports 0% officer compensation across all available filings, which is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. This practice is commendable and suggests a focus on program delivery. However, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency. The consistent operational deficits, coupled with increasing liabilities and decreasing assets, warrant closer scrutiny of their financial management strategies and funding models.