Is Friends Of Caritas Cubana Corporation…

Quick charity verification for Friends Of Caritas Cubana Corporation (EIN: 203023256)

Strengths

Consistent asset growth, from $281,598 in 2014 to $4,394,690 in 2023.
Zero reported officer compensation across all filings, indicating high efficiency and volunteer leadership.
Expenses consistently lower than revenue in most recent years, allowing for asset accumulation.
Low liabilities relative to assets, demonstrating strong financial management and stability.
Strong program spending implied by low administrative overhead and zero executive compensation.

Spending Breakdown

How Friends Of Caritas Cubana Corporation allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

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 Friends Of Caritas Cubana Corporation

Is Friends Of Caritas Cubana Corporation a legitimate charity?

Based on AI analysis of IRS 990 filings, Friends Of Caritas Cubana Corporation (EIN: 203023256) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.

Is Friends Of Caritas Cubana Corporation a good charity to donate to?

Friends Of Caritas Cubana Corporation has a Mission Score of 92/100. Revenue: $1.8M. Assets: $4.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Friends Of Caritas Cubana Corporation?

The Employer Identification Number (EIN) for Friends Of Caritas Cubana Corporation is 203023256. 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 Friends Of Caritas Cubana Corporation spend its money?

Friends Of Caritas Cubana Corporation allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Friends Of Caritas Cubana Corporation's tax-exempt status?

You can verify Friends Of Caritas Cubana Corporation's tax-exempt status using EIN 203023256 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

Friends Of Caritas Cubana Corporation demonstrates a strong financial position with consistent revenue generation and asset growth over the past decade. The organization's latest revenue stands at $1,837,522, with assets totaling $4,820,047, indicating a healthy balance sheet. Their spending efficiency appears robust, with expenses consistently lower than revenue in most recent years, allowing for asset accumulation. For example, in 2023, revenue was $1,264,591 against expenses of $898,674. The absence of reported officer compensation across all available filings suggests a volunteer-led or very lean administrative structure, which can contribute to higher program spending ratios and overall efficiency. This also points to a high degree of transparency regarding executive remuneration, as there is none to report.

The organization's financial health is further underscored by its ability to maintain low liabilities relative to its assets, with liabilities in 2023 at $11,749 compared to assets of $4,394,690. This indicates strong financial management and a low-risk profile. While specific breakdowns of program, administrative, and fundraising expenses are not explicitly detailed in the provided summary, the overall trend of expenses being significantly less than revenue, coupled with zero officer compensation, suggests a strong focus on mission-related activities. The consistent growth in assets from $281,598 in 2014 to $4,394,690 in 2023 further solidifies its financial stability and capacity for future programming.

Is Friends Of Caritas Cubana Corporation Legit?

Verdict: Friends Of Caritas Cubana Corporation appears trustworthy