Quick charity verification for Cares Of Ny Inc (EIN: 141731746)
Verdict: Cares Of Ny Inc appears trustworthy
90/100Mission Score
$17.6MRevenue
$7.7MAssets
1Red Flags
4Strengths
Red Flags
Unusually low (0%) reported officer compensation for an organization of this size, which might indicate compensation is reported under other categories or a fully volunteer executive team, requiring further investigation of the full 990.
Strengths
Consistent and substantial revenue growth over the past decade, from $2.1M in 2014 to $14.9M in 2023.
Strong financial health with assets consistently exceeding liabilities (e.g., $8.2M assets vs. $1.5M liabilities in 2023).
High spending efficiency, with expenses closely matching revenue, indicating most funds are deployed towards operations (e.g., $14.4M expenses vs. $14.9M revenue in 2023).
Zero reported officer compensation across all filings, suggesting a strong commitment to program spending and transparency regarding executive pay.
Spending Breakdown
How Cares Of Ny Inc allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
0%
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 Cares Of Ny Inc
Is Cares Of Ny Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cares Of Ny Inc (EIN: 141731746) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Cares Of Ny Inc a good charity to donate to?
Cares Of Ny Inc has a Mission Score of 90/100. Revenue: $17.6M. Assets: $7.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Cares Of Ny Inc?
The Employer Identification Number (EIN) for Cares Of Ny Inc is 141731746. 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 Cares Of Ny Inc spend its money?
Cares Of Ny Inc allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Cares Of Ny Inc's tax-exempt status?
You can verify Cares Of Ny Inc's tax-exempt status using EIN 141731746 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
Cares Of Ny Inc demonstrates strong financial health and growth, with revenue increasing from $2,187,991 in 2014 to $14,973,146 in 2023. The organization consistently maintains a healthy asset base, reaching $8,227,771 in 2023, significantly exceeding its liabilities of $1,551,843. This indicates good financial stability and capacity.
The organization appears to be highly efficient in its spending, with expenses closely tracking revenue across most years, suggesting that the vast majority of funds are deployed towards its mission. For instance, in 2023, expenses were $14,409,912 against revenues of $14,973,146, leaving a modest surplus. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and a commitment to directing resources to programs rather than executive salaries.
While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial picture suggests a well-managed and program-focused entity. The absence of reported officer compensation is a strong positive for transparency, indicating that leadership is either unpaid or compensated through other means not categorized as officer compensation, which would warrant further investigation of the full 990 forms for complete understanding.