Is Coraopolis Community Development Corporation Inc Legit?
Quick charity verification for Coraopolis Community Development Corporation Inc (EIN: 205398661)
Verdict: Coraopolis Community Development Corporation Inc appears trustworthy
92/100Mission Score
$1.1MRevenue
$3.3MAssets
2Red Flags
3Strengths
Red Flags
Significant year-over-year revenue fluctuations, indicating potential funding instability (e.g., $1.48M in 2022 to $0.51M in 2023).
Expenses ($531,898) slightly exceeded revenue ($511,810) in the latest reporting period (202312).
Strengths
Consistent 0% officer compensation across all filings, demonstrating excellent financial transparency and efficiency.
Strong asset growth from $452,008 in 2016 to $3,340,179 currently, indicating financial stability and capacity.
Positive net assets, with assets significantly exceeding liabilities in most periods (e.g., $2,677,944 assets vs. $714,343 liabilities in 2023).
Spending Breakdown
How Coraopolis Community Development Corporation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 Coraopolis Community Development Corporation Inc
Is Coraopolis Community Development Corporation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Coraopolis Community Development Corporation Inc (EIN: 205398661) appears trustworthy. Mission Score: 92/100. 2 red flags identified, 3 strengths noted.
Is Coraopolis Community Development Corporation Inc a good charity to donate to?
Coraopolis Community Development Corporation Inc has a Mission Score of 92/100. Revenue: $1.1M. Assets: $3.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Coraopolis Community Development Corporation Inc?
The Employer Identification Number (EIN) for Coraopolis Community Development Corporation Inc is 205398661. 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 Coraopolis Community Development Corporation Inc spend its money?
Coraopolis Community Development Corporation Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Coraopolis Community Development Corporation Inc's tax-exempt status?
You can verify Coraopolis Community Development Corporation Inc's tax-exempt status using EIN 205398661 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
Coraopolis Community Development Corporation Inc demonstrates a generally healthy financial trajectory, marked by significant asset growth from $452,008 in 2016 to $3,340,179 currently. Revenue has shown considerable fluctuation, peaking at $1,486,838 in 2022 before dropping to $511,810 in 2023, indicating reliance on variable funding sources. The organization consistently reports 0% officer compensation across all filings, which is a strong indicator of transparency and a focus on directing funds to programs rather than executive salaries. While the latest expenses of $531,898 slightly exceeded revenue of $511,810 in 2023, the overall financial position remains robust due to substantial assets. The NTEE code P20 (Housing & Community Development) aligns with their mission, and the lack of officer compensation enhances their financial efficiency and public trust.