Is New Caring & Sharing Legit?

New Caring & Sharing, located in Salida, CO, demonstrates a consistent operational history with 13 IRS 990 filings. The organization's financial health shows some fluctuations in recent years. In 2023, expenses ($316,382) exceeded revenue ($297,261), resulting in a deficit, a trend also observed in 2022 where expenses ($567,692) significantly outpaced revenue ($442,522). This indicates a reliance on prior reserves or other funding sources to cover operational costs in these periods. However, the organization maintains substantial assets, with $921,881 in 2023, providing a buffer against these deficits. The organization's spending efficiency appears to be a mixed picture. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the consistent operational deficits in recent years suggest a need for closer examination of expense management relative to revenue generation. The absence of officer compensation reported across all filings indicates a volunteer-led or very lean executive structure, which can be a positive sign for donor confidence regarding overhead. Transparency is generally good given the consistent filing history. The lack of reported officer compensation across all available filings is a strong indicator of transparency regarding executive pay. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a full assessment of spending efficiency and how donor funds are allocated to mission-related activities is challenging.