Quick charity verification for Long Island Cares Inc (EIN: 112524512)
Verdict: Long Island Cares Inc appears trustworthy
90/100Mission Score
$43.5MRevenue
$22.5MAssets
1Red Flags
4Strengths
Red Flags
Minor operating deficits in 2022 and 2023 (expenses exceeded revenue by $743,293 and $666,300 respectively), though covered by reserves.
Strengths
Significant growth in revenue and assets over the past five years, indicating expanding impact.
Consistent reporting of 0% officer compensation, demonstrating strong commitment to mission-first spending.
Strong asset base ($21.6 million in 2023) provides financial stability and resilience.
High program spending ratio (estimated 85%) suggests efficient use of funds for direct services.
Spending Breakdown
How Long Island Cares Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Long Island Cares Inc
Is Long Island Cares Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Long Island Cares Inc (EIN: 112524512) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Long Island Cares Inc a good charity to donate to?
Long Island Cares Inc has a Mission Score of 90/100. Revenue: $43.5M. Assets: $22.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Long Island Cares Inc?
The Employer Identification Number (EIN) for Long Island Cares Inc is 112524512. 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 Long Island Cares Inc spend its money?
Long Island Cares Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Long Island Cares Inc's tax-exempt status?
You can verify Long Island Cares Inc's tax-exempt status using EIN 112524512 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
Long Island Cares Inc. demonstrates a strong commitment to its program services, consistently allocating a significant portion of its expenses to direct charitable activities. Over the past five years, the organization has seen substantial growth in both revenue and assets, with revenue increasing from $20.7 million in 2019 to $34.7 million in 2023, and assets growing from $11.4 million to $21.6 million in the same period. This growth indicates a healthy expansion of its operations and capacity.
While the organization has experienced slight operating deficits in recent years (e.g., expenses exceeding revenue by $666,300 in 2023 and $743,293 in 2022), its substantial asset base of over $21 million provides a solid financial cushion. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency and a focus on directing resources to the mission rather than executive pay. This practice is commendable and enhances donor confidence.
Overall, Long Island Cares Inc. appears to be a financially sound and efficiently run organization, effectively managing its resources to serve its community. Its consistent growth, strong asset base, and transparent compensation practices contribute to a positive financial health assessment.