Quick charity verification for Community Based Care Of Brevard Inc (EIN: 20545137)
Verdict: Community Based Care Of Brevard Inc appears trustworthy
85/100Mission Score
$67.4MRevenue
$28.0MAssets
3Red Flags
3Strengths
Red Flags
Consistent 0% officer compensation for a large organization, which is highly unusual and warrants further inquiry into executive compensation practices.
Significant increase in liabilities mirroring asset growth, suggesting debt-financed expansion without clear details on the nature of the debt or assets.
Operating consistently at near break-even, potentially limiting the accumulation of unrestricted reserves for future stability or growth.
Strengths
Strong program spending efficiency, indicated by the near break-even operations and implied high allocation to mission-related activities.
Significant growth in assets, from $5.5 million in 2022 to $27.9 million currently, indicating expansion and increased capacity.
Consistent financial reporting over 13 periods, demonstrating a commitment to transparency through regular IRS 990 filings.
AI Transparency Report
Community Based Care Of Brevard Inc demonstrates a consistent pattern of operating near break-even, with expenses closely tracking revenue across all reported periods. While this indicates efficient resource utilization in terms of not accumulating large surpluses, it also suggests limited capacity for significant capital investment or building substantial reserves, as evidenced by the relatively low asset base compared to its multi-million dollar revenue. The organization's assets have shown significant growth in recent years, jumping from $5.5 million in 2022 to $18.2 million in 2023, and further to $27.9 million currently, which is a positive trend for long-term stability. However, the corresponding increase in liabilities, from $5.4 million to $18.3 million in 2023, suggests this asset growth may be debt-financed. The consistent reporting of 0% officer compensation across all filings is a notable aspect of its financial transparency and efficiency, indicating that executive leadership is not drawing salaries from the organization, which is highly unusual for an organization of this size and revenue.