Simplicity Mission Inc
Nonprofit profile at a glance
- EIN
- 832704616
- IRS 990-EZ coverage
- 2018–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Nanuet, NY, USA
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
- Affiliation
- Religious (unspecified)
Reported finances
- Revenue
- $100,082
- Expenses
- $89,543
- Assets
- $11,064
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Christopher Ko (President)
People named in this filing
- Christopher Ko (President)
- David Kim (Treasurer)
- Stephen Lee (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our nonprofit organization is dedicated to supporting homeless and low-income communities by providing essential food and supplies. Through our programs we aim to address the immediate needs of individuals and families facing economic hardship. We work tirelessly to ensure that vulnerable populations have access to basic necessities fostering a sense of security and dignity in their lives.
What it reported doing in 2024
Our organization focuses on addressing the needs of homeless individuals by collaborating with various shelters across New York City. We facilitate the provision of essential items such as clothing and supplies to support those experiencing homelessness. Through these partnerships we strive to make a meaningful difference in the lives of the vulnerable population in our community.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 100
- Sustainability: 39
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 59.3%; rating input score 59
- Program expense ratio: 66.2%; rating input score 66
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 10.5%; rating input score 59; 59th percentile among comparable filings
- Total-asset coverage ratio: 0.12; rating input score 13; 13th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 19% per year; rating input score 100; 75th percentile among comparable filings
- Revenue growth: 24.4% per year; rating input score 100; 87th percentile among comparable filings
- Asset growth: 23% per year; rating input score 100; 83rd percentile among comparable filings
Details
- Where the money goes: 59.3% of revenue deployed · 66.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $59K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 59/100.
- High — Sustainability: Total-asset coverage ratio scored 13/100.
- Review — Sustainability: Operating margin scored 59/100.