Quick charity verification for Wmc New York Inc (EIN: 134107864)
Verdict: Wmc New York Inc appears trustworthy
70/100Mission Score
$139.2MRevenue
$33.3MAssets
2Red Flags
3Strengths
Red Flags
Consistent reporting of liabilities exceeding assets, indicating potential financial strain or specific operational model.
0% officer compensation reported across all filings, which is highly unusual for an organization of this size and could indicate a lack of transparency in executive remuneration.
Strengths
Consistent revenue generation, with latest revenue at $139,240,823, demonstrating strong operational capacity.
Stable financial operations with revenues generally exceeding expenses, indicating sound day-to-day management (e.g., 2023 revenue $124.5M vs. expenses $123.9M).
Extensive filing history with 13 IRS 990 filings, indicating a commitment to regulatory compliance and transparency in reporting.
Spending Breakdown
How Wmc New York Inc 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 Wmc New York Inc
Is Wmc New York Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wmc New York Inc (EIN: 134107864) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Wmc New York Inc a good charity to donate to?
Wmc New York Inc has a Mission Score of 70/100. Revenue: $139.2M. Assets: $33.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Wmc New York Inc?
The Employer Identification Number (EIN) for Wmc New York Inc is 134107864. 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 Wmc New York Inc spend its money?
Wmc New York Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Wmc New York Inc's tax-exempt status?
You can verify Wmc New York Inc's tax-exempt status using EIN 134107864 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
Wmc New York Inc demonstrates consistent financial activity with revenues generally exceeding expenses, indicating operational stability. For instance, in 2023, revenue was $124,578,683 against expenses of $123,974,371, resulting in a surplus. However, the organization consistently reports liabilities exceeding assets, such as in 2023 where assets were $34,253,798 and liabilities were $42,536,587. This suggests a reliance on short-term funding or significant debt, which warrants closer examination. The NTEE code E20 indicates a focus on hospitals, which often have complex financial structures.
The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 13 filings available. A notable aspect is the reported 0% officer compensation across all available filings, which is unusual for an organization of this size and revenue. This could indicate that executive compensation is reported under different categories or that the organization operates with an entirely volunteer executive leadership, which would be a significant strength in terms of resource allocation to programs. Further detail on functional expenses would be needed to fully assess spending efficiency, but the tight margin between revenue and expenses suggests most funds are utilized annually.
Overall, Wmc New York Inc appears to be a large, operationally stable entity within the hospital sector. Its consistent reporting of liabilities exceeding assets is a financial characteristic that merits further investigation to understand its long-term implications. The absence of reported officer compensation is a unique feature that, if genuinely reflecting volunteer leadership, would be a strong positive for program efficiency, but if it's a reporting nuance, it could obscure a key aspect of financial transparency.