Quick charity verification for Cinco Charities Inc (EIN: 204709479)
Verdict: Cinco Charities Inc appears trustworthy
92/100Mission Score
$1.7MRevenue
$5.6MAssets
2Red Flags
5Strengths
Red Flags
Consistent operating deficits in recent years (e.g., $113,752 deficit in 2023, $232,352 deficit in 2022) could impact long-term sustainability if not addressed.
Significant fluctuations in annual revenue, making financial planning potentially challenging.
Strengths
Consistent reporting of 0% officer compensation, indicating high efficiency and dedication to mission.
Strong and stable asset base, exceeding $5 million in recent years, providing financial security.
Very low liabilities across all filing periods, demonstrating excellent financial management.
High program spending ratio, suggesting a significant portion of funds directly supports its mission.
Long history of IRS 990 filings (13 filings), indicating consistent compliance and transparency.
Spending Breakdown
How Cinco Charities 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 Cinco Charities Inc
Is Cinco Charities Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cinco Charities Inc (EIN: 204709479) appears trustworthy. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
Is Cinco Charities Inc a good charity to donate to?
Cinco Charities Inc has a Mission Score of 92/100. Revenue: $1.7M. Assets: $5.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Cinco Charities Inc?
The Employer Identification Number (EIN) for Cinco Charities Inc is 204709479. 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 Cinco Charities Inc spend its money?
Cinco Charities Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Cinco Charities Inc's tax-exempt status?
You can verify Cinco Charities Inc's tax-exempt status using EIN 204709479 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
Cinco Charities Inc demonstrates a consistent commitment to its mission, as evidenced by its program spending. While the organization has experienced fluctuations in revenue, such as the significant drop from $2,803,167 in 2019 to $398,124 in 2020, and a more recent decline from $755,641 in 2023 to $574,097 in 2022, its asset base has remained relatively stable, hovering around $5.5 million in recent years. The organization consistently reports 0% officer compensation, which is a strong indicator of financial efficiency and a focus on directing funds towards its programs rather than executive salaries. This practice enhances its transparency and trustworthiness.
The organization's spending efficiency appears strong, with a significant portion of its expenses dedicated to program services. For instance, in 2023, with expenses at $869,393, the absence of officer compensation suggests that the vast majority of these funds are allocated to operational and programmatic costs. The consistent reporting of minimal liabilities across multiple years also points to sound financial management. However, the recurring deficit spending, where expenses exceed revenue in most recent years (e.g., $755,641 revenue vs. $869,393 expenses in 2023; $574,097 revenue vs. $806,449 expenses in 2022), warrants attention to ensure long-term sustainability, despite the stable asset base.
Overall, Cinco Charities Inc exhibits good financial health with a strong asset base and a clear dedication to its mission through efficient spending and transparent compensation practices. The primary area for improvement would be to address the consistent operating deficits to ensure the long-term viability of its programs, potentially by diversifying funding sources or optimizing operational costs further.