Quick charity verification for Kings Cove Neighborhood Association Inc (EIN: 223097463)
Verdict: Kings Cove Neighborhood Association Inc appears trustworthy
75/100Mission Score
$150KRevenue
$94KAssets
2Red Flags
3Strengths
Red Flags
Total expenses have exceeded revenue in several years (e.g., 2023: $153,080 expenses vs. $146,061 revenue; 2019: $135,968 expenses vs. $102,432 revenue), potentially drawing down reserves.
The decline in assets from $134,005 in 2017 to $87,677 in 2024 warrants further investigation into the cause and impact on long-term sustainability.
Strengths
Consistent revenue generation over the past seven years, averaging around $118,000 annually.
Consistent reporting of $0 executive compensation indicates a strong volunteer base or highly efficient operational model.
AI Transparency Report
Kings Cove Neighborhood Association Inc is a unknown nonprofit based in Atlantic City, New Jersey, with reported revenue of $150K and assets of $94K. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 70% of spending goes to programs, 20% to administration, and 10% to fundraising. • The organization consistently reports 0% compensation for its highest-paid employees, suggesting a volunteer-led or very low-paid leadership structure.
• Liabilities have remained relatively low and stable over the past several years, indicating sound financial management.
• The organization's assets have fluctuated, with a notable decrease from $134,005 in 2017 to $87,677 in 2024. Executive compensation is consistently reported as $0, indicating a volunteer-driven leadership or that compensation falls below reporting thresholds. Revenue has grown +45% across 12 filing periods.