Quick charity verification for New Covenant Community Development Corp (EIN: 134167577)
Verdict: New Covenant Community Development Corp appears trustworthy
92/100Mission Score
$2.0MRevenue
$66KAssets
1Red Flags
5Strengths
Red Flags
No officer compensation reported for an organization with over $1.6M in revenue, which could indicate reliance on volunteers or external funding for leadership, or that compensation is reported differently (e.g., through a related entity) not visible on the 990.
Strengths
Consistent 0% officer compensation across all filings, indicating high dedication of funds to programs.
Significant revenue growth from $534,149 in 201906 to $1,666,622 in 202306, demonstrating increasing support and impact.
High program spending efficiency, with expenses closely matching revenue, suggesting minimal overhead and direct application of funds.
Lean asset base relative to revenue, indicating funds are primarily used for immediate program delivery rather than accumulation.
Consistent filing history, demonstrating transparency and compliance with IRS regulations.
Spending Breakdown
How New Covenant Community Development Corp 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 New Covenant Community Development Corp
Is New Covenant Community Development Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, New Covenant Community Development Corp (EIN: 134167577) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is New Covenant Community Development Corp a good charity to donate to?
New Covenant Community Development Corp has a Mission Score of 92/100. Revenue: $2.0M. Assets: $66K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New Covenant Community Development Corp?
The Employer Identification Number (EIN) for New Covenant Community Development Corp is 134167577. 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 New Covenant Community Development Corp spend its money?
New Covenant Community Development Corp allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New Covenant Community Development Corp's tax-exempt status?
You can verify New Covenant Community Development Corp's tax-exempt status using EIN 134167577 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
New Covenant Community Development Corp demonstrates a consistent commitment to its programmatic mission, as evidenced by its spending ratios. For the 202306 period, with expenses of $1,650,610 against revenue of $1,666,622, the organization appears to be operating efficiently, directing a significant portion of its resources towards its programs. The organization's assets have fluctuated, reaching a high of $120,184 in 202006 and currently standing at $66,035, indicating a lean operational model rather than significant asset accumulation. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of financial transparency and a focus on directing funds to the community rather than executive salaries.
The organization has shown substantial growth in revenue, from $534,149 in 201906 to $1,666,622 in 202306, indicating increasing support and capacity. While liabilities have varied, they generally remain a small fraction of assets, suggesting responsible financial management. The NTEE code P20 (Housing, Shelter) aligns with community development, and the financial data supports an organization actively engaged in its mission without excessive overhead. The absence of officer compensation is a notable strength in terms of transparency and resource allocation.
Overall, New Covenant Community Development Corp appears to be a financially healthy and efficient organization. Its consistent growth, high program spending, and transparent compensation practices contribute to a positive assessment of its financial stewardship. The relatively low asset base compared to revenue suggests that funds are primarily used for immediate program delivery rather than building large reserves, which is common for community-focused development corporations.