Is Commonpoint Ny Inc Legit?

Strengths

Consistent and significant revenue growth over the past decade, from $15.3M in 2014 to over $81M currently.
Remarkable transparency and commitment to mission demonstrated by 0% officer compensation across all 13 filings.
Strong asset accumulation, with assets growing from $7.4M in 2014 to $75.8M currently, indicating financial stability.
Healthy surplus generation, with revenues consistently exceeding expenses (e.g., $71.2M revenue vs. $66.4M expenses in 2023).
Low liabilities relative to assets, suggesting good financial management and solvency (e.g., $21.3M liabilities vs. $71.5M assets in 2023).

Spending Breakdown

How Commonpoint Ny Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Commonpoint Ny Inc

Is Commonpoint Ny Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Commonpoint Ny Inc (EIN: 113071518) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.

Is Commonpoint Ny Inc a good charity to donate to?

Commonpoint Ny Inc has a Mission Score of 95/100. Revenue: $81.9M. Assets: $75.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Commonpoint Ny Inc?

The Employer Identification Number (EIN) for Commonpoint Ny Inc is 113071518. 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 Commonpoint Ny Inc spend its money?

Commonpoint Ny Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Commonpoint Ny Inc's tax-exempt status?

You can verify Commonpoint Ny Inc's tax-exempt status using EIN 113071518 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

Commonpoint Ny Inc demonstrates strong financial health and growth, with its latest reported revenue at $81,874,120 and assets at $75,800,482. The organization has shown consistent revenue growth over the past several years, nearly doubling its revenue from $40,346,002 in 2020 to $71,252,724 in 2023. This growth is accompanied by a healthy asset base, indicating good financial management and capacity. The organization consistently reports 0% officer compensation, which is a significant indicator of transparency and a commitment to directing funds towards its mission rather than executive pay.

Spending efficiency appears robust, with expenses generally well below revenue, allowing for asset accumulation. For instance, in 2023, expenses were $66,422,104 against $71,252,724 in revenue, resulting in a surplus. The consistent reporting of 0% officer compensation across all available filings suggests a strong dedication to program spending and operational efficiency, minimizing overhead related to executive salaries. This practice enhances the organization's ability to maximize its impact.

Overall, Commonpoint Ny Inc exhibits a high degree of financial transparency, particularly through its consistent 0% officer compensation reporting. The sustained growth in revenue and assets, coupled with responsible expense management, paints a picture of a financially sound and well-managed nonprofit. The organization's financial trajectory suggests a stable and expanding capacity to deliver on its mission.

Verdict: Commonpoint Ny Inc appears trustworthy

Red Flags