Is Consumers Credit Counseling Service Of Rochester Inc Legit?
Quick charity verification for Consumers Credit Counseling Service Of Rochester Inc (EIN: 160972260)
Verdict: Consumers Credit Counseling Service Of Rochester Inc appears trustworthy
75/100Mission Score
$3.9MRevenue
$7.8MAssets
2Red Flags
4Strengths
Red Flags
Significant operating deficit in the latest fiscal year (202312), with expenses exceeding revenue by $929,520.
Revenue in 202312 ($3,189,728) is lower than the previous year's revenue ($3,612,508 in 202212), indicating a potential decline in funding or service demand.
Strengths
Strong asset base ($7,547,194 in 202312) relative to liabilities ($1,443,695), indicating financial stability.
Consistent reporting of 0% officer compensation across all filings, suggesting high transparency regarding executive pay.
Long history of IRS 990 filings (13 filings), demonstrating consistent compliance and transparency.
Maintained substantial revenue generation (consistently over $2 million annually) for over a decade.
Spending Breakdown
How Consumers Credit Counseling Service Of Rochester Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 Consumers Credit Counseling Service Of Rochester Inc
Is Consumers Credit Counseling Service Of Rochester Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Consumers Credit Counseling Service Of Rochester Inc (EIN: 160972260) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Consumers Credit Counseling Service Of Rochester Inc a good charity to donate to?
Consumers Credit Counseling Service Of Rochester Inc has a Mission Score of 75/100. Revenue: $3.9M. Assets: $7.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Consumers Credit Counseling Service Of Rochester Inc?
The Employer Identification Number (EIN) for Consumers Credit Counseling Service Of Rochester Inc is 160972260. 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 Consumers Credit Counseling Service Of Rochester Inc spend its money?
Consumers Credit Counseling Service Of Rochester Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Consumers Credit Counseling Service Of Rochester Inc's tax-exempt status?
You can verify Consumers Credit Counseling Service Of Rochester Inc's tax-exempt status using EIN 160972260 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
Consumers Credit Counseling Service Of Rochester Inc demonstrates a generally stable financial profile, though the most recent filing (202312) shows a significant operating deficit where expenses ($4,119,248) exceeded revenue ($3,189,728) by nearly $1 million. This contrasts with previous years, such as 202212 and 202112, where the organization operated with surpluses. Despite this recent deficit, the organization maintains substantial assets ($7,547,194 in 202312) relative to its liabilities ($1,443,695), indicating a healthy balance sheet. The consistent reporting of 0% officer compensation across all available filings suggests strong transparency regarding executive pay, as it implies either no paid officers or that compensation is reported elsewhere or is negligible.
The organization's spending efficiency cannot be fully assessed without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent revenue generation above $2 million for over a decade, peaking at $3,612,508 in 202212, indicates a sustained ability to attract funding. The recent dip in revenue and increase in expenses warrant closer examination to understand if it's a one-off event or a trend. Overall, while the balance sheet remains strong, the recent operating loss is a point of concern for future financial sustainability if it persists.
Transparency is a strength, particularly with the clear reporting of officer compensation. The consistent filing of IRS Form 990s over many years also contributes to its transparency, allowing for historical financial analysis. The organization's ability to manage its assets and liabilities effectively, even with fluctuating revenues and expenses, suggests sound financial management, though the recent deficit requires monitoring.