Is Coalition Of Community Development Financial Institutions Inc Legit?
Quick charity verification for Coalition Of Community Development Financial Institutions Inc (EIN: 10728162)
Verdict: Coalition Of Community Development Financial Institutions Inc appears trustworthy
90/100Mission Score
$461KRevenue
$336KAssets
1Red Flags
5Strengths
Red Flags
Unusually low or zero reported officer compensation, which could indicate compensation is reported in other categories or a reliance on unpaid leadership, warranting further inquiry into how leadership is sustained.
Strengths
Consistent revenue growth, increasing from $297,808 in 2014 to $579,759 in 2023.
Zero reported liabilities across all 13 filings, indicating exceptional financial stability.
Positive net assets growth, reaching $416,899 in 2023.
Strong financial transparency with 13 consistent IRS 990 filings.
Efficient use of funds suggested by 0% officer compensation, potentially maximizing program spending.
Spending Breakdown
How Coalition Of Community Development Financial Institutions 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 Coalition Of Community Development Financial Institutions Inc
Is Coalition Of Community Development Financial Institutions Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Coalition Of Community Development Financial Institutions Inc (EIN: 10728162) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is Coalition Of Community Development Financial Institutions Inc a good charity to donate to?
Coalition Of Community Development Financial Institutions Inc has a Mission Score of 90/100. Revenue: $461K. Assets: $336K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Coalition Of Community Development Financial Institutions Inc?
The Employer Identification Number (EIN) for Coalition Of Community Development Financial Institutions Inc is 10728162. 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 Coalition Of Community Development Financial Institutions Inc spend its money?
Coalition Of Community Development Financial Institutions Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Coalition Of Community Development Financial Institutions Inc's tax-exempt status?
You can verify Coalition Of Community Development Financial Institutions Inc's tax-exempt status using EIN 10728162 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
The Coalition Of Community Development Financial Institutions Inc demonstrates generally sound financial health, with a positive trend in revenue and assets over the past few years. In 2023, the organization reported revenue of $579,759 against expenses of $455,180, resulting in a surplus that contributed to an increase in assets to $416,899. This indicates effective financial management and growth. The consistent reporting of zero liabilities across all available filings is a significant strength, suggesting a very healthy balance sheet and minimal financial risk.
The organization's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation, which implies that executive leadership is either volunteer-based or compensated through other means not categorized as officer compensation on the 990, or that the organization is very lean at the top. This practice, if sustained, contributes to a higher proportion of funds being available for programmatic activities. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the raw data, the overall financial picture suggests a focus on mission delivery.
Transparency is high, as evidenced by the consistent filing of IRS Form 990s over 13 periods, making their financial data readily accessible. The absence of liabilities further simplifies their financial structure, making it easier for stakeholders to understand their financial position. The consistent growth in assets and revenue, coupled with prudent expense management, paints a picture of a well-managed and financially stable nonprofit.