Is Young Mens Christian Association Of Rye N Y Legit?
Quick charity verification for Young Mens Christian Association Of Rye N Y (EIN: 131740515)
Verdict: Young Mens Christian Association Of Rye N Y appears trustworthy
85/100Mission Score
$14.5MRevenue
$23.9MAssets
2Red Flags
4Strengths
Red Flags
Significant increase in liabilities from $386,503 in 2021 to $7,456,668 in 2023 without clear explanation in summary data.
Consistent reporting of 0% officer compensation, which, while positive for program spending, is unusual for an organization with over $13 million in revenue and may warrant further scrutiny into how leadership is compensated or structured.
Strengths
Strong revenue growth from $5.38 million in 2020 to $13.53 million in 2023, indicating expanding operations and support.
Consistent positive net income, with expenses generally lower than revenue, contributing to asset accumulation.
Healthy asset growth from $14.9 million in 2020 to $22.5 million in 2023, demonstrating financial stability.
No reported officer compensation, suggesting a high dedication of resources to the mission and potentially volunteer leadership.
Spending Breakdown
How Young Mens Christian Association Of Rye N Y allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 Young Mens Christian Association Of Rye N Y
Is Young Mens Christian Association Of Rye N Y a legitimate charity?
Based on AI analysis of IRS 990 filings, Young Mens Christian Association Of Rye N Y (EIN: 131740515) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Young Mens Christian Association Of Rye N Y a good charity to donate to?
Young Mens Christian Association Of Rye N Y has a Mission Score of 85/100. Revenue: $14.5M. Assets: $23.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Young Mens Christian Association Of Rye N Y?
The Employer Identification Number (EIN) for Young Mens Christian Association Of Rye N Y is 131740515. 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 Young Mens Christian Association Of Rye N Y spend its money?
Young Mens Christian Association Of Rye N Y allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Young Mens Christian Association Of Rye N Y's tax-exempt status?
You can verify Young Mens Christian Association Of Rye N Y's tax-exempt status using EIN 131740515 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 Young Mens Christian Association Of Rye N Y demonstrates a generally stable financial position with significant growth in recent years. Revenue has shown a strong upward trend, particularly from $5.38 million in 2020 to $13.53 million in 2023, indicating expanding operations or increased community support. The organization consistently reports positive net income, with expenses generally lower than revenue, contributing to a healthy accumulation of assets, which grew from $14.9 million in 2020 to $22.5 million in 2023. This growth in assets, coupled with a relatively low and stable liability profile until 2022, suggests sound financial management and the ability to invest in its mission.
However, a notable increase in liabilities from $386,503 in 2021 to $7.45 million in 2023 warrants closer examination. While assets have also grown significantly during this period, the substantial increase in liabilities could indicate new capital projects or financing activities that impact the organization's long-term financial flexibility. The consistent reporting of 0% officer compensation across all available filings is a significant positive indicator of transparency and a commitment to directing resources towards programs rather than executive salaries. This practice enhances public trust and suggests a volunteer-led or very modestly compensated leadership structure, which is commendable for a nonprofit of this size.