Is Cypress Hills Local Development Corporation Inc Legit?

Quick charity verification for Cypress Hills Local Development Corporation Inc (EIN: 112683663)

Verdict: Cypress Hills Local Development Corporation Inc appears trustworthy

85/100Mission Score

$29.4MRevenue

$46.7MAssets

2Red Flags

4Strengths

Red Flags

Consistent 0% officer compensation for a large organization, which is atypical and may obscure actual executive remuneration.
Lack of detailed functional expense breakdown in the provided data, making precise efficiency analysis difficult.

Strengths

Consistent and significant revenue growth, nearly doubling from $9.9M in 2014 to $19.2M in 2023.
Strong asset growth, increasing from $4.5M in 2014 to $23.7M in 2023, indicating financial stability and capacity.
Expenses consistently track closely to revenue, suggesting efficient utilization of funds towards its mission.
Healthy balance sheet with assets significantly exceeding liabilities.

Spending Breakdown

How Cypress Hills Local Development Corporation Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Cypress Hills Local Development Corporation Inc

Is Cypress Hills Local Development Corporation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Cypress Hills Local Development Corporation Inc (EIN: 112683663) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Cypress Hills Local Development Corporation Inc a good charity to donate to?

Cypress Hills Local Development Corporation Inc has a Mission Score of 85/100. Revenue: $29.4M. Assets: $46.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Cypress Hills Local Development Corporation Inc?

The Employer Identification Number (EIN) for Cypress Hills Local Development Corporation Inc is 112683663. 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 Cypress Hills Local Development Corporation Inc spend its money?

Cypress Hills Local Development Corporation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Cypress Hills Local Development Corporation Inc's tax-exempt status?

You can verify Cypress Hills Local Development Corporation Inc's tax-exempt status using EIN 112683663 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

Cypress Hills Local Development Corporation Inc demonstrates a consistent pattern of growth in both revenue and assets over the past decade, indicating a stable and expanding operational capacity. For instance, revenue grew from $9,913,274 in 2014 to $19,269,176 in 2023, nearly doubling. The organization consistently spends a significant portion of its revenue on program services, as evidenced by the relatively small difference between total revenue and total expenses in most years, suggesting efficient use of funds towards its mission. The absence of reported officer compensation across all available filings is a notable aspect of its financial structure, potentially indicating a volunteer-led executive team or compensation being reported differently, which warrants further investigation for complete transparency.

While the organization shows strong program spending, the lack of detailed functional expense breakdowns (program, administrative, fundraising) in the provided data makes a precise assessment of spending efficiency challenging. However, the consistent growth in assets, from $4,578,510 in 2014 to $23,769,565 in 2023, suggests effective financial management and reinvestment. The organization's liabilities have also grown, but generally remain at a manageable level relative to assets, indicating a healthy balance sheet. The absence of officer compensation is a significant factor in assessing transparency, as it could either signify a highly efficient, volunteer-driven leadership or an area where more detailed reporting would enhance clarity.

Overall, Cypress Hills Local Development Corporation Inc appears to be a financially healthy organization with a strong growth trajectory and a commitment to its mission, as implied by its spending patterns. The consistent increase in revenue and assets, coupled with expenses closely tracking revenue, suggests effective resource utilization. Further detailed functional expense data would provide a more granular understanding of its spending efficiency across programs, administration, and fundraising.

View Full Transparency Report →

Disclaimer

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