Is Economic Opportunity Program Inc Of Chemung County Legit?
Quick charity verification for Economic Opportunity Program Inc Of Chemung County (EIN: 160906941)
Verdict: Economic Opportunity Program Inc Of Chemung County appears trustworthy
92/100Mission Score
$7.7MRevenue
$3.0MAssets
1Red Flags
5Strengths
Red Flags
Lack of detailed program vs. administrative vs. fundraising expense breakdown in provided summary data (though 0% officer comp is a strong positive indicator)
Strengths
Consistent operational surpluses (e.g., $7,830,726 revenue vs. $7,696,757 expenses in 202306)
0% officer compensation reported across all filings, indicating high efficiency and mission focus
Stable and growing revenue trend over the past five years
Consistent IRS 990 filing history (13 filings), demonstrating transparency
Healthy asset base relative to liabilities, indicating financial stability
Spending Breakdown
How Economic Opportunity Program Inc Of Chemung County 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 Economic Opportunity Program Inc Of Chemung County
Is Economic Opportunity Program Inc Of Chemung County a legitimate charity?
Based on AI analysis of IRS 990 filings, Economic Opportunity Program Inc Of Chemung County (EIN: 160906941) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Economic Opportunity Program Inc Of Chemung County a good charity to donate to?
Economic Opportunity Program Inc Of Chemung County has a Mission Score of 92/100. Revenue: $7.7M. Assets: $3.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Economic Opportunity Program Inc Of Chemung County?
The Employer Identification Number (EIN) for Economic Opportunity Program Inc Of Chemung County is 160906941. 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 Program Inc Of Chemung County spend its money?
Economic Opportunity Program Inc Of Chemung County allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Economic Opportunity Program Inc Of Chemung County's tax-exempt status?
You can verify Economic Opportunity Program Inc Of Chemung County's tax-exempt status using EIN 160906941 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
Economic Opportunity Program Inc Of Chemung County demonstrates consistent financial activity, with revenues generally exceeding expenses over the past several years, indicating sound operational management. For instance, in the 202306 period, revenue was $7,830,726 against expenses of $7,696,757, resulting in a surplus. The organization's assets have shown growth, reaching $2,992,625 in 202206 before a slight decrease to $2,641,512 in 202306, while liabilities have fluctuated but remained manageable relative to assets. This suggests a stable financial position capable of supporting its mission.
The organization's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This indicates that a very high proportion of funds are likely directed towards program services and operational costs rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the absence of officer compensation is a positive indicator of resource allocation. The consistent filing of IRS 990s over 13 periods also points to a commitment to transparency.
Overall, the financial data suggests a well-managed nonprofit with a focus on its mission, characterized by stable revenue streams, controlled expenses, and a notable lack of executive compensation. This financial discipline contributes to a positive outlook on its ability to deliver on its objectives within the Chemung County community.