Is Ywca Of Schenectady Legit?

Quick charity verification for Ywca Of Schenectady (EIN: 141340139)

Verdict: Ywca Of Schenectady appears trustworthy

85/100Mission Score

$5.7MRevenue

$3.4MAssets

2Red Flags

3Strengths

Red Flags

Consistent 0% officer compensation for an organization of this size warrants further investigation into executive compensation practices.
Operating deficits in 2022 and 2023, where expenses exceeded revenue, indicate tight financial margins that could become unsustainable if persistent.

Strengths

Strong and consistent revenue growth over the past decade, from $2,841,916 in 2014 to $5,383,641 in 2023.
Significant asset accumulation, increasing from $595,946 in 2014 to $3,658,192 in 2023, indicating growing financial capacity.
Low reported liabilities relative to assets in recent years, with assets at $3,658,192 and liabilities at $2,871,427 in 2023, suggesting a healthy balance sheet.

Spending Breakdown

How Ywca Of Schenectady allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Ywca Of Schenectady

Is Ywca Of Schenectady a legitimate charity?

Based on AI analysis of IRS 990 filings, Ywca Of Schenectady (EIN: 141340139) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.

Is Ywca Of Schenectady a good charity to donate to?

Ywca Of Schenectady has a Mission Score of 85/100. Revenue: $5.7M. Assets: $3.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Ywca Of Schenectady?

The Employer Identification Number (EIN) for Ywca Of Schenectady is 141340139. 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 Ywca Of Schenectady spend its money?

Ywca Of Schenectady allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Ywca Of Schenectady's tax-exempt status?

You can verify Ywca Of Schenectady's tax-exempt status using EIN 141340139 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 YWCA of Schenectady demonstrates a consistent operational presence with revenues steadily increasing over the past decade, from $2,841,916 in 2014 to $5,383,641 in 2023. While the organization generally operates with expenses closely tracking revenues, there have been periods of deficit, such as in 2023 where expenses ($5,553,711) exceeded revenue ($5,383,641), and in 2022 where expenses ($4,894,207) slightly surpassed revenue ($4,863,598). This indicates a tight financial margin, though assets have shown significant growth, from $595,946 in 2014 to $3,658,192 in 2023, suggesting effective asset management or capital investments.

The organization's financial health appears stable, supported by growing assets and a generally increasing revenue stream. The consistent reporting of 0% officer compensation across all available filings is a notable aspect of its transparency and spending efficiency, indicating that executive leadership is either volunteer-based or compensated through other means not categorized as officer compensation on the 990, which warrants further investigation for a complete picture. The NTEE code P270 (YMCA, YWCA, YWHA, YMHA) suggests a focus on community programs, which aligns with the mission of such organizations.

View Full Transparency Report →

Disclaimer

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