Is North Carolina Community Carenetworks Inc Legit?
Quick charity verification for North Carolina Community Carenetworks Inc (EIN: 205408367)
Verdict: North Carolina Community Carenetworks Inc appears trustworthy
92/100Mission Score
$55.3MRevenue
$118.7MAssets
1Red Flags
4Strengths
Red Flags
Significant revenue volatility over recent years, which could impact long-term planning if not managed effectively.
Strengths
Consistent reporting of 0% officer compensation, indicating high transparency and mission focus.
Strong and consistent asset growth, demonstrating financial stability and capacity.
Generally operates with a significant surplus, indicating efficient financial management.
Low liabilities relative to assets, suggesting a healthy balance sheet.
Spending Breakdown
How North Carolina Community Carenetworks Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 North Carolina Community Carenetworks Inc
Is North Carolina Community Carenetworks Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, North Carolina Community Carenetworks Inc (EIN: 205408367) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
Is North Carolina Community Carenetworks Inc a good charity to donate to?
North Carolina Community Carenetworks Inc has a Mission Score of 92/100. Revenue: $55.3M. Assets: $118.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for North Carolina Community Carenetworks Inc?
The Employer Identification Number (EIN) for North Carolina Community Carenetworks Inc is 205408367. 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 North Carolina Community Carenetworks Inc spend its money?
North Carolina Community Carenetworks Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify North Carolina Community Carenetworks Inc's tax-exempt status?
You can verify North Carolina Community Carenetworks Inc's tax-exempt status using EIN 205408367 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
North Carolina Community Carenetworks Inc (NCCN) demonstrates a strong financial position with consistent asset growth, reaching $118,681,968 in the latest period. The organization has shown significant revenue fluctuations over the past five years, peaking at $122,918,658 in 2021 and then declining to $45,459,766 in 2023. Despite these variations, NCCN consistently reports zero officer compensation, which is a notable indicator of financial transparency and a commitment to directing resources towards its mission rather than executive salaries. The organization's spending efficiency appears robust, with expenses generally well below revenue, contributing to its accumulating assets. For instance, in 2023, expenses were $29,501,239 against revenues of $45,459,766, indicating a healthy surplus. This consistent surplus generation and asset accumulation suggest a well-managed financial strategy, allowing for long-term stability and program investment. The absence of officer compensation is a significant positive for transparency and public trust.