Is Economic Opportunity Commission Of Nassau County Inc Legit?
Quick charity verification for Economic Opportunity Commission Of Nassau County Inc (EIN: 112195458)
Verdict: Economic Opportunity Commission Of Nassau County Inc appears trustworthy
75/100Mission Score
$15.1MRevenue
$9.2MAssets
2Red Flags
3Strengths
Red Flags
Expenses consistently exceed revenue in recent years (e.g., 2023: $15,359,139 expenses vs. $15,152,505 revenue), indicating potential reliance on reserves or unsustainable spending patterns.
Unusually low (0%) reported officer compensation for an organization of this size, which may obscure actual executive remuneration if it's categorized elsewhere.
Strengths
Strong asset base consistently exceeding liabilities (e.g., 2023: $9,765,890 assets vs. $3,099,787 liabilities), indicating financial stability.
No reported officer compensation across all filings, suggesting efficient use of funds at the executive level or a volunteer leadership model.
Consistent revenue generation over a decade, demonstrating stable funding streams.
Spending Breakdown
How Economic Opportunity Commission Of Nassau County Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Economic Opportunity Commission Of Nassau County Inc
Is Economic Opportunity Commission Of Nassau County Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Economic Opportunity Commission Of Nassau County Inc (EIN: 112195458) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Economic Opportunity Commission Of Nassau County Inc a good charity to donate to?
Economic Opportunity Commission Of Nassau County Inc has a Mission Score of 75/100. Revenue: $15.1M. Assets: $9.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Economic Opportunity Commission Of Nassau County Inc?
The Employer Identification Number (EIN) for Economic Opportunity Commission Of Nassau County Inc is 112195458. 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 Economic Opportunity Commission Of Nassau County Inc spend its money?
Economic Opportunity Commission Of Nassau County Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Economic Opportunity Commission Of Nassau County Inc's tax-exempt status?
You can verify Economic Opportunity Commission Of Nassau County Inc's tax-exempt status using EIN 112195458 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
The Economic Opportunity Commission Of Nassau County Inc demonstrates consistent financial activity, with revenues and expenses generally in the $11M-$17M range over the past decade. The organization has maintained a healthy asset base, with assets consistently exceeding liabilities, indicating financial stability. For example, in 2023, assets were $9,765,890 against liabilities of $3,099,787. However, the organization has frequently reported expenses slightly exceeding revenue in recent years, such as in 2023 where expenses were $15,359,139 against revenues of $15,152,505, suggesting a reliance on reserves or prior surpluses. This trend warrants monitoring to ensure long-term sustainability.
Spending efficiency appears to be a mixed bag. While the organization's NTEE code (S200 - Community Improvement & Capacity Building) suggests a focus on direct program services, the provided data does not detail the breakdown of program, administrative, and fundraising expenses. Without this crucial information, a definitive assessment of spending efficiency is challenging. The consistent reporting of 0% officer compensation across all available filings is a notable positive for transparency and resource allocation, indicating that top leadership is not drawing a salary from the organization, or at least not in a way that is reported as officer compensation on the 990.
Transparency regarding executive compensation is excellent, with no officer compensation reported. However, the lack of detailed functional expense breakdowns in the provided summary limits a full transparency assessment of how funds are allocated across programs, administration, and fundraising. To fully evaluate transparency, access to the complete IRS 990 forms would be necessary to review specific expense categories and governance practices.