Quick charity verification for Community Wardrobe And Thrift Shopinc (EIN: 205053563)
Verdict: Community Wardrobe And Thrift Shopinc appears trustworthy
85/100Mission Score
$53KRevenue
$17KAssets
2Red Flags
4Strengths
Red Flags
Operating at a deficit in the latest fiscal year (2022 expenses of $56,259 exceeded revenue of $52,630)
Decline in total assets from $20,432 in 2021 to $16,804 in 2022
Strengths
Zero reported liabilities in both 2021 and 2022, indicating strong financial management regarding debt.
0% officer compensation reported, suggesting a volunteer-driven model and high efficiency in leadership costs.
Consistent operation as a small, community-focused entity (NTEE X200 - Thrift Shops and Stores).
Maintains a positive asset base despite recent operational deficit.
Spending Breakdown
How Community Wardrobe And Thrift Shopinc 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 Wardrobe And Thrift Shopinc
Is Community Wardrobe And Thrift Shopinc a legitimate charity?
Based on AI analysis of IRS 990 filings, Community Wardrobe And Thrift Shopinc (EIN: 205053563) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Community Wardrobe And Thrift Shopinc a good charity to donate to?
Community Wardrobe And Thrift Shopinc has a Mission Score of 85/100. Revenue: $53K. Assets: $17K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Community Wardrobe And Thrift Shopinc?
The Employer Identification Number (EIN) for Community Wardrobe And Thrift Shopinc is 205053563. 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 Wardrobe And Thrift Shopinc spend its money?
Community Wardrobe And Thrift Shopinc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Community Wardrobe And Thrift Shopinc's tax-exempt status?
You can verify Community Wardrobe And Thrift Shopinc's tax-exempt status using EIN 205053563 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 Wardrobe And Thrift Shopinc appears to be a small, community-focused organization with a relatively stable financial position, though it experienced a slight decline in revenue and assets from 2021 to 2022. In 2022, the organization reported revenues of $52,630 against expenses of $56,259, indicating a deficit for the year. This follows a surplus in 2021 where revenues were $60,492 and expenses were $50,015. The organization maintains a healthy balance sheet with no reported liabilities in either filing period, suggesting good financial management in terms of debt. Its assets, while modest at $16,804 in 2022, are unencumbered. The absence of officer compensation reported in both filings suggests a volunteer-driven leadership, which is a positive indicator for efficiency and dedication to its mission, especially for an organization of this size. The NTEE code X200, indicating 'Thrift Shops and Stores', aligns with its name and likely operational model.