Quick charity verification for Community Concepts Finance Corp (EIN: 10540981)
Verdict: Community Concepts Finance Corp appears trustworthy
80/100Mission Score
$2.3MRevenue
$12.9MAssets
1Red Flags
3Strengths
Red Flags
Unusually low or 0% reported officer compensation, which may obscure actual executive pay if compensated by a related entity.
Strengths
Consistent positive net income in most recent years (e.g., $54,630 in 2023), indicating financial stability.
Significant asset base ($12,924,570 latest) providing a strong foundation for operations.
Growth in revenue and assets over the past decade, demonstrating organizational expansion and sustainability.
Spending Breakdown
How Community Concepts Finance Corp 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 Community Concepts Finance Corp
Is Community Concepts Finance Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Community Concepts Finance Corp (EIN: 10540981) appears trustworthy. Mission Score: 80/100. 1 red flag identified, 3 strengths noted.
Is Community Concepts Finance Corp a good charity to donate to?
Community Concepts Finance Corp has a Mission Score of 80/100. Revenue: $2.3M. Assets: $12.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Community Concepts Finance Corp?
The Employer Identification Number (EIN) for Community Concepts Finance Corp is 10540981. 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 Community Concepts Finance Corp spend its money?
Community Concepts Finance Corp allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Community Concepts Finance Corp's tax-exempt status?
You can verify Community Concepts Finance Corp's tax-exempt status using EIN 10540981 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
Community Concepts Finance Corp demonstrates consistent financial activity, with revenues generally exceeding expenses in recent years, indicating a stable operational model. For example, in 2023, revenue was $2,055,844 against expenses of $2,001,214. The organization maintains substantial assets, reported at $12,924,570 in the latest filing, which provides a strong financial base. However, a significant portion of these assets are offset by liabilities, such as $8,137,105 in 2023, suggesting a reliance on debt or other obligations. The consistent reporting of 0% officer compensation across all available filings is a notable aspect of its transparency and operational structure, indicating that executive leadership is either unpaid or compensated through a related entity, which warrants further investigation for a complete picture of compensation practices.
The organization's financial health appears stable, with a positive net income in most recent periods, contributing to asset growth. The NTEE code L20 (Housing Development, Construction & Management) suggests a capital-intensive mission, which aligns with the high asset and liability figures. While specific program spending ratios are not provided in the summary data, the overall financial trends suggest a well-managed entity within its operational scope. The absence of reported officer compensation directly on the 990s is a positive indicator for donor confidence regarding executive pay, assuming compensation is not simply shifted to a related organization.