Is Consumer Services Inc Legit?

Quick charity verification for Consumer Services Inc (EIN: 20674084)

Verdict: Consumer Services Inc appears trustworthy

70/100Mission Score
$8.2MRevenue
$4.7MAssets
3Red Flags
2Strengths

Red Flags

Strengths

AI Transparency Report

Consumer Services Inc. demonstrates a concerning trend of declining revenue over the past decade, from a peak of $18,107,789 in 2015 to $8,009,348 in 2023. This significant reduction in funding, coupled with expenses frequently exceeding revenue (e.g., $8,548,308 in expenses against $8,009,348 in revenue in 2023), suggests potential financial instability. While the organization has managed to increase its assets from $774,605 in 2017 to $4,331,706 in 2023, this growth is not consistently supported by positive net income in recent years. The consistent reporting of 0% officer compensation across all filings indicates a strong commitment to minimizing administrative overhead in this specific area, which is a positive sign for transparency and efficiency. The organization's financial health appears to be under pressure due to the sustained revenue decline. While assets have grown, the recurring deficit spending, particularly in 2023 where expenses exceeded revenue by over $500,000, is a red flag. The lack of reported officer compensation is a notable strength in terms of transparency and resource allocation, suggesting that funds are not being diverted to high executive salaries. However, a deeper dive into the functional expense breakdown (program, administrative, fundraising) would be necessary to fully assess spending efficiency beyond executive compensation.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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