Is Dean Michael Clarizio Cancerfoundation Inc Legit?

Quick charity verification for Dean Michael Clarizio Cancerfoundation Inc (EIN: 204835509)

Verdict: Dean Michael Clarizio Cancerfoundation Inc appears trustworthy

90/100Mission Score
$499KRevenue
$203KAssets
0Red Flags
5Strengths

No red flags identified.

Strengths

AI Transparency Report

The Dean Michael Clarizio Cancerfoundation Inc demonstrates a generally positive financial trajectory, with a notable increase in revenue and assets over the past few years. For instance, revenue grew from $198,679 in 2021 to $716,078 in 2023, and assets increased from $89,739 to $263,959 in the same period. This growth suggests increasing donor support and an expanding operational capacity. The organization consistently reports zero liabilities, indicating sound financial management and a lack of debt, which is a strong positive indicator of stability. Regarding spending efficiency, the foundation appears to allocate a significant portion of its expenses to program services, as evidenced by the overall financial health and growth without significant administrative overhead. The consistent reporting of 0% officer compensation across all available filings is a significant strength, indicating that leadership is likely unpaid or compensated through other means not reported as officer compensation, which enhances donor confidence in funds being directed towards the mission. This commitment to minimizing administrative costs contributes positively to its spending efficiency. In terms of transparency, the organization has a consistent filing history with 14 IRS 990 filings, providing a clear public record of its financial activities. The absence of reported officer compensation is a key transparency point, showing a commitment to directing funds to the cause rather than executive salaries. The consistent growth in assets and revenue, coupled with no liabilities, further reinforces a picture of a well-managed and transparent organization.

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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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