Is Greater Opportunities For Broome And Chenango Inc Legit?
Quick charity verification for Greater Opportunities For Broome And Chenango Inc (EIN: 160909190)
Verdict: Greater Opportunities For Broome And Chenango Inc appears trustworthy
92/100Mission Score
$14.2MRevenue
$31.4MAssets
1Red Flags
5Strengths
Red Flags
Unusually low or zero reported officer compensation for an organization of this scale, which might warrant further investigation into how leadership is compensated or structured.
Strengths
Exceptional revenue growth, increasing from $6.3 million in 2019 to $18.2 million in 2023.
Strong asset accumulation, growing from $2.2 million in 2019 to $29.7 million in 2023, indicating robust financial health.
Consistent positive net income, with revenue significantly exceeding expenses in recent years (e.g., $5 million surplus in 2023).
Low liabilities relative to assets, suggesting a healthy balance sheet and financial stability.
No reported officer compensation, indicating a potential strong commitment to program spending.
Spending Breakdown
How Greater Opportunities For Broome And Chenango Inc 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 Greater Opportunities For Broome And Chenango Inc
Is Greater Opportunities For Broome And Chenango Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Opportunities For Broome And Chenango Inc (EIN: 160909190) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Greater Opportunities For Broome And Chenango Inc a good charity to donate to?
Greater Opportunities For Broome And Chenango Inc has a Mission Score of 92/100. Revenue: $14.2M. Assets: $31.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Greater Opportunities For Broome And Chenango Inc?
The Employer Identification Number (EIN) for Greater Opportunities For Broome And Chenango Inc is 160909190. 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 Greater Opportunities For Broome And Chenango Inc spend its money?
Greater Opportunities For Broome And Chenango Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Greater Opportunities For Broome And Chenango Inc's tax-exempt status?
You can verify Greater Opportunities For Broome And Chenango Inc's tax-exempt status using EIN 160909190 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
Greater Opportunities For Broome And Chenango Inc demonstrates strong financial health and growth over the past several years. The organization has consistently reported positive net income, with a significant increase in revenue from $6.3 million in 2019 to over $18.2 million in 2023. This growth has also led to a substantial increase in assets, from $2.2 million in 2019 to $29.7 million in 2023, indicating effective asset management and reinvestment. The organization's liabilities remain a small fraction of its assets, suggesting a healthy balance sheet.
The spending efficiency appears robust, as evidenced by the consistent positive difference between revenue and expenses. For instance, in 2023, revenue was $18.2 million against expenses of $13.1 million, resulting in a surplus of over $5 million. The absence of reported officer compensation across all available filings suggests a commitment to directing funds towards programs and operations rather than executive salaries, which is a positive indicator for transparency and donor trust. While specific program spending percentages are not detailed in the provided data, the overall financial trends point to a well-managed and growing organization.
Given the consistent growth in revenue and assets, coupled with the absence of reported officer compensation, Greater Opportunities For Broome And Chenango Inc appears to be a financially sound and transparent organization. The significant increase in financial scale over the last five years suggests expanding capacity and impact within its mission area. Further analysis of detailed program expenses would provide a more granular view of spending efficiency, but the high-level data is very positive.