High program spending efficiency, with a significant portion of expenses directed towards mission-related activities.
Positive net income/surplus in recent years, allowing for reinvestment and growth.
Spending Breakdown
How Corporate Source Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Corporate Source Inc
Is Corporate Source Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Corporate Source Inc (EIN: 133882284) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Corporate Source Inc a good charity to donate to?
Corporate Source Inc has a Mission Score of 92/100. Revenue: $38.0M. Assets: $39.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Corporate Source Inc?
The Employer Identification Number (EIN) for Corporate Source Inc is 133882284. 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 Corporate Source Inc spend its money?
Corporate Source Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Corporate Source Inc's tax-exempt status?
You can verify Corporate Source Inc's tax-exempt status using EIN 133882284 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
Corporate Source Inc demonstrates consistent financial growth and strong program spending over the past decade. In the latest filing (202306), the organization reported revenues of $34,671,197 against expenses of $30,099,651, indicating a healthy surplus. Their assets have steadily increased, reaching $34,891,644 in 2023, which suggests good financial management and capacity building. The organization's liability-to-asset ratio remains low, further indicating financial stability.
The organization appears to be highly efficient in its spending, with a significant portion of its expenses directed towards program services. The absence of reported officer compensation across all available filings is a notable aspect of its transparency and operational model, suggesting that leadership may be volunteer-based or compensated through other means not categorized as officer compensation on the 990, which warrants further investigation for a complete picture. Overall, Corporate Source Inc exhibits strong financial health and a clear commitment to its mission through efficient resource allocation.
While the lack of reported officer compensation is positive for perceived efficiency, it also raises questions about how leadership is compensated or if it's entirely volunteer-driven, which could be clarified for enhanced transparency. The consistent growth in revenue and assets, coupled with a low liability burden, positions Corporate Source Inc as a financially robust and well-managed nonprofit.