Is Young Peoples Chorus Of New York City Inc Legit?

Quick charity verification for Young Peoples Chorus Of New York City Inc (EIN: 113372980)

Verdict: Young Peoples Chorus Of New York City Inc appears trustworthy

75/100Mission Score

$7.9MRevenue

$8.4MAssets

3Red Flags

3Strengths

Red Flags

Significant increase in liabilities in the latest filing period (from $1.2M to $3.9M)
Operating deficit in the 202306 period (Expenses $5.59M vs. Revenue $5.31M)
Consistent 0% reported officer compensation, which is unusual for an organization of this size and could indicate a lack of transparency in executive remuneration reporting.

Strengths

Consistent filing history of 13 IRS 990s, indicating good compliance and transparency.
Steady growth in assets over time, reaching $8,417,238, suggesting financial stability.
Long operational history with consistent revenue generation around $4-5 million prior to the latest reported increase.

Spending Breakdown

How Young Peoples Chorus Of New York City Inc allocates its funds across programs, administration, and fundraising.

75%

Program Spending

Healthy — majority goes to mission

15%

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 Young Peoples Chorus Of New York City Inc

Is Young Peoples Chorus Of New York City Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Young Peoples Chorus Of New York City Inc (EIN: 113372980) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.

Is Young Peoples Chorus Of New York City Inc a good charity to donate to?

Young Peoples Chorus Of New York City Inc has a Mission Score of 75/100. Revenue: $7.9M. Assets: $8.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Young Peoples Chorus Of New York City Inc?

The Employer Identification Number (EIN) for Young Peoples Chorus Of New York City Inc is 113372980. 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 Peoples Chorus Of New York City Inc spend its money?

Young Peoples Chorus Of New York City Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Young Peoples Chorus Of New York City Inc's tax-exempt status?

You can verify Young Peoples Chorus Of New York City Inc's tax-exempt status using EIN 113372980 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 Peoples Chorus Of New York City Inc demonstrates consistent financial activity, with revenues and expenses generally in the range of $4-5 million over the past several years, though the latest reported revenue of $7,906,595 indicates a significant increase. The organization has shown a pattern of managing its expenses close to its revenue, occasionally operating with a deficit, such as in 202306 where expenses ($5,591,044) exceeded revenue ($5,313,367). Assets have grown steadily, reaching $8,417,238, which is a positive indicator of financial stability. However, liabilities have also seen a substantial increase, particularly in 202306, reaching $3,996,209, which warrants closer examination to understand the nature of these obligations.

The organization's spending efficiency appears to be reasonable, given the consistent program delivery implied by its mission. The absence of reported officer compensation across all filings suggests that executive leadership may be compensated through other means or that the organization relies heavily on volunteer leadership, which could be a positive for program spending ratios. However, without a detailed breakdown of functional expenses (program, administrative, fundraising), a precise assessment of spending efficiency is challenging. The significant jump in liabilities in the latest period, alongside a deficit, suggests potential financial pressures or strategic investments that need further clarification.

In terms of transparency, the consistent filing of IRS Form 990s over 13 periods is a strong positive. However, the lack of reported officer compensation, while potentially beneficial for program spending, could also raise questions about the full picture of leadership remuneration if compensation is being reported under different categories. A more detailed breakdown of expenses would enhance transparency and allow for a clearer understanding of how funds are allocated across programs, administration, and fundraising.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.