Is Contractors For A Cause Foundation Llc Legit?

Quick charity verification for Contractors For A Cause Foundation Llc (EIN: 10914228)

Verdict: Contractors For A Cause Foundation Llc appears trustworthy

92/100Mission Score
$201KRevenue
$409KAssets
0Red Flags
5Strengths

No red flags identified.

Strengths

AI Transparency Report

Contractors For A Cause Foundation Llc demonstrates consistent financial growth and a strong program focus. In the latest filing (202312), the organization reported revenues of $201,257 against expenses of $134,178, indicating a healthy surplus that contributes to asset growth. Over the past few years, revenue has generally trended upwards, with a notable increase from $71,468 in 2021 to over $200,000 in 2022 and 2023. The organization maintains a very healthy balance sheet with $331,746 in assets and zero liabilities in 2023, suggesting sound financial management and no reliance on debt. The organization's spending efficiency appears robust, with a significant portion of its expenses directed towards program services. The absence of officer compensation across all reported periods is a strong indicator of volunteer-driven leadership, which further maximizes the funds available for its mission. This commitment to minimizing administrative overhead contributes positively to its overall financial health and impact. Transparency is high, as evidenced by the consistent filing of IRS Form 990s and the clear financial picture presented. The lack of liabilities and the consistent growth in assets, alongside a strong program spending ratio, paint a picture of a well-managed and financially responsible nonprofit. The organization's ability to operate without paid executive compensation is a significant strength, allowing more resources to be allocated directly to its charitable activities.

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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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