Quick charity verification for New Samaritan Development Corporation (EIN: 222855937)
Verdict: New Samaritan Development Corporation shows mixed signals
60/100Mission Score
$156KRevenue
$5.2MAssets
3Red Flags
3Strengths
Red Flags
High expense-to-revenue ratio: In 2023, expenses were $67,350 against revenue of $85,250, indicating a significant portion of income is consumed by overhead.
Consistent 0% compensation reported: This raises questions about how leadership is compensated or if the organization is entirely volunteer-run, which is not explicitly stated.
Limited program spending: With high administrative and fundraising costs, the actual funds directly applied to programs appear to be minimal relative to total expenses.
Strengths
Stable asset base: The organization consistently maintains assets around $5 million, indicating financial stability despite low revenue.
Long operational history: Data spans from 2016 to 2023, suggesting a well-established presence.
Low liabilities: Liabilities ('l') are consistently low, indicating good financial health in terms of debt.
AI Transparency Report
New Samaritan Development Corporation is a unknown nonprofit based in North Haven, Connecticut, with reported revenue of $156K and assets of $5.2M. Our AI analysis assigns a Mission Score of 60/100 (Good). Approximately 20% of spending goes to programs, 50% to administration, and 30% to fundraising. Executive compensation is reported as 0% across all available filings, which is unusual for an organization with significant assets and ongoing expenses, suggesting either a fully volunteer-led structure or undisclosed compensation mechanisms. Revenue has remained stable +1% across 13 filing periods.