Is Carpet America Recovery Effort Care Inc Legit?

Quick charity verification for Carpet America Recovery Effort Care Inc (EIN: 20639766)

Verdict: Carpet America Recovery Effort Care Inc appears trustworthy

85/100Mission Score
$3.3MRevenue
$503KAssets
2Red Flags
4Strengths

Red Flags

Strengths

Spending Breakdown

How Carpet America Recovery Effort Care Inc allocates its funds across programs, administration, and fundraising.

90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Carpet America Recovery Effort Care Inc

Is Carpet America Recovery Effort Care Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Carpet America Recovery Effort Care Inc (EIN: 20639766) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Carpet America Recovery Effort Care Inc a good charity to donate to?

Carpet America Recovery Effort Care Inc has a Mission Score of 85/100. Revenue: $3.3M. Assets: $503K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Carpet America Recovery Effort Care Inc?

The Employer Identification Number (EIN) for Carpet America Recovery Effort Care Inc is 20639766. 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 Carpet America Recovery Effort Care Inc spend its money?

Carpet America Recovery Effort Care Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Carpet America Recovery Effort Care Inc's tax-exempt status?

You can verify Carpet America Recovery Effort Care Inc's tax-exempt status using EIN 20639766 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

Carpet America Recovery Effort Care Inc (CARE) demonstrates a generally stable financial position, though with some fluctuations in recent years. In 2023, the organization reported revenues of $1,621,017 against expenses of $1,757,097, indicating a slight operating deficit. This follows a similar trend in 2022 where expenses exceeded revenue. However, 2021 showed a strong surplus with revenues of $2,851,566 significantly outpacing expenses of $1,499,906. The organization's assets have fluctuated, standing at $509,784 in 2023, down from a high of $746,940 in 2022, but up from $410,671 in 2019. CARE's spending efficiency appears to be strong, particularly given the consistent reporting of 0% officer compensation across all available filings, which is a significant positive indicator of resource allocation towards its mission rather than executive pay. The organization's liabilities have generally remained manageable, with a notable spike in 2020 to $1,282,556, which has since been significantly reduced to $112,595 in 2023. This suggests effective financial management in addressing past obligations. Regarding transparency, the consistent filing of IRS Form 990s over 13 periods, with detailed financial breakdowns and zero reported officer compensation, indicates a high level of commitment to public disclosure. The NTEE code C34 (Environmental Protection & Conservation) aligns with its mission of carpet recovery, suggesting a clear program focus. The absence of officer compensation is a strong positive for transparency and efficiency.

View Full Transparency Report →

Disclaimer

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

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