Is Caramoor Center For Music & The Arts Inc Legit?

Quick charity verification for Caramoor Center For Music & The Arts Inc (EIN: 135643627)

Verdict: Caramoor Center For Music & The Arts Inc appears trustworthy

70/100Mission Score

$16.9MRevenue

$45.8MAssets

2Red Flags

3Strengths

Red Flags

Consistent operating deficits, with expenses exceeding revenue in multiple recent years (e.g., 202312, 202212)
Unusually low reported officer compensation (0%) for an organization of this size, potentially obscuring true executive costs or structure.

Strengths

Strong asset base ($46,837,871 in 202312) providing financial stability and reserves.
Consistent growth in assets over the past decade, from $19,445,451 in 201412 to $46,837,871 in 202312.
Low liabilities relative to assets (e.g., $1,307,709 liabilities vs. $46,837,871 assets in 202312), indicating good financial leverage.

Spending Breakdown

How Caramoor Center For Music & The Arts 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 Caramoor Center For Music & The Arts Inc

Is Caramoor Center For Music & The Arts Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Caramoor Center For Music & The Arts Inc (EIN: 135643627) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.

Is Caramoor Center For Music & The Arts Inc a good charity to donate to?

Caramoor Center For Music & The Arts Inc has a Mission Score of 70/100. Revenue: $16.9M. Assets: $45.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Caramoor Center For Music & The Arts Inc?

The Employer Identification Number (EIN) for Caramoor Center For Music & The Arts Inc is 135643627. 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 Caramoor Center For Music & The Arts Inc spend its money?

Caramoor Center For Music & The Arts Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Caramoor Center For Music & The Arts Inc's tax-exempt status?

You can verify Caramoor Center For Music & The Arts Inc's tax-exempt status using EIN 135643627 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

Caramoor Center For Music & The Arts Inc demonstrates a generally stable financial position with significant assets relative to its annual expenses. In the most recent filing (202312), the organization reported assets of $46,837,871 against expenses of $8,680,355, indicating a strong reserve. However, the organization has consistently operated with expenses exceeding revenue in recent years, such as in 202312 where expenses were $8,680,355 while revenue was $6,167,706, and in 202212 with expenses of $8,469,144 against revenue of $5,678,968. This trend suggests reliance on prior year surpluses or endowment drawdowns to cover operational costs, which warrants closer examination of their long-term sustainability strategy.

The organization's transparency is commendable given the explicit reporting of 0% officer compensation across all provided filings, which simplifies analysis and indicates a potential volunteer-led or externally compensated executive structure not captured in this specific line item. While the provided data doesn't detail the breakdown of program, administrative, and fundraising expenses, the consistent asset growth over the past decade, from $19,445,451 in 201412 to $46,837,871 in 202312, suggests effective asset management. The fluctuating revenue, with a peak of $17,772,203 in 201712 and a low of $5,678,968 in 202212, points to a potentially event-driven or campaign-dependent funding model.

View Full Transparency Report →

Disclaimer

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