Quick charity verification for Centro Multicultural La Familia Inc (EIN: 208900737)
Verdict: Centro Multicultural La Familia Inc shows mixed signals
65/100Mission Score
$2.1MRevenue
$304KAssets
3Red Flags
3Strengths
Red Flags
Significant financial deficit in the latest fiscal year (202309), with expenses ($2,000,759) nearly double the revenue ($1,015,169).
High and rapidly increasing liabilities, jumping from $113,180 in 202209 to $789,201 in 202309.
Negative net asset position in the latest filing (Assets $195,745 vs. Liabilities $789,201), indicating financial instability.
Strengths
Consistent reporting of 0% officer compensation across all filings, demonstrating a strong commitment to directing funds to the mission.
Significant revenue growth observed in prior years, from $389,900 in 2017 to $1,977,004 in 2022, indicating past fundraising success.
Long filing history (13 filings) suggests established operations and compliance with IRS reporting requirements.
Spending Breakdown
How Centro Multicultural La Familia Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Centro Multicultural La Familia Inc
Is Centro Multicultural La Familia Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Centro Multicultural La Familia Inc (EIN: 208900737) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Centro Multicultural La Familia Inc a good charity to donate to?
Centro Multicultural La Familia Inc has a Mission Score of 65/100. Revenue: $2.1M. Assets: $304K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Centro Multicultural La Familia Inc?
The Employer Identification Number (EIN) for Centro Multicultural La Familia Inc is 208900737. 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 Centro Multicultural La Familia Inc spend its money?
Centro Multicultural La Familia Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Centro Multicultural La Familia Inc's tax-exempt status?
You can verify Centro Multicultural La Familia Inc's tax-exempt status using EIN 208900737 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
Centro Multicultural La Familia Inc. demonstrates a fluctuating financial health over the past few years. While the organization experienced significant revenue growth from $389,900 in 2017 to $1,977,004 in 2022, the latest filing (202309) shows a concerning trend where expenses ($2,000,759) significantly outpaced revenue ($1,015,169), resulting in a substantial deficit and a negative net asset position (Assets $195,745 vs. Liabilities $789,201). This indicates potential financial strain and reliance on prior year reserves or new debt. The consistent reporting of 0% officer compensation across all filings suggests a commitment to directing funds towards programs, which is a positive indicator of spending efficiency, assuming program expenses are appropriately categorized.
The organization's transparency appears strong regarding executive compensation, with no reported officer compensation. However, the recent financial deficit and high liabilities in the 202309 period raise questions about financial management and sustainability. While the NTEE code A23 (Multicultural Centers) suggests a clear program focus, without a detailed breakdown of expenses beyond the overall figures, it's challenging to fully assess the efficiency of program spending versus administrative or fundraising costs. The significant increase in liabilities in the latest period warrants closer scrutiny.