Is Northeast Occupational Exchange Inc Legit?

Quick charity verification for Northeast Occupational Exchange Inc (EIN: 10346613)

Verdict: Northeast Occupational Exchange Inc appears trustworthy

85/100Mission Score

$1.4MRevenue

$778KAssets

3Red Flags

4Strengths

Red Flags

Significant long-term decline in revenue (over 55% from 2014 to 2023)
Consistent operating deficits in several recent years (e.g., 2018-2021)
Shrinking asset base over the past decade

Strengths

Consistent reporting of 0% officer compensation, indicating high efficiency in executive costs
Positive net income in the most recent fiscal period (202306), reversing previous deficits
Strong program focus, with resources directed away from administrative and fundraising overhead
Transparency through consistent IRS 990 filings

Spending Breakdown

How Northeast Occupational Exchange 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

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 Northeast Occupational Exchange Inc

Is Northeast Occupational Exchange Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Northeast Occupational Exchange Inc (EIN: 10346613) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.

Is Northeast Occupational Exchange Inc a good charity to donate to?

Northeast Occupational Exchange Inc has a Mission Score of 85/100. Revenue: $1.4M. Assets: $778K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Northeast Occupational Exchange Inc?

The Employer Identification Number (EIN) for Northeast Occupational Exchange Inc is 10346613. 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 Northeast Occupational Exchange Inc spend its money?

Northeast Occupational Exchange Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Northeast Occupational Exchange Inc's tax-exempt status?

You can verify Northeast Occupational Exchange Inc's tax-exempt status using EIN 10346613 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

Northeast Occupational Exchange Inc. demonstrates a consistent commitment to its program services, as evidenced by its spending patterns. In the most recent filing (202306), the organization reported expenses of $1,336,880 against revenues of $1,565,572, indicating a surplus for the period. Over the past several years, the organization has experienced a decline in revenue, from a high of $3,551,380 in 201406 to $1,565,572 in 202306, which has necessitated a corresponding reduction in expenses. Despite this, the organization has maintained a healthy program spending ratio.

The organization's financial health shows some volatility. While the 202306 period saw a positive net income, previous years like 202106, 202006, 201906, and 201806 reported expenses exceeding revenue, leading to deficits. The asset base has also fluctuated, decreasing from $1,670,508 in 201406 to $546,833 in 202306, though it has shown a recent rebound from a low of $370,365 in 202206. The consistent reporting of 0% officer compensation across all filings suggests a strong focus on directing funds towards the mission rather than executive salaries, which is a positive indicator of financial stewardship and transparency.

Overall, Northeast Occupational Exchange Inc. appears to be managing its finances prudently given the declining revenue trend. The organization's transparency is high due to the detailed public filings and the clear indication of no officer compensation. While the shrinking revenue and asset base over the long term warrant attention, the recent positive financial performance in 202306 suggests a potential stabilization or turnaround.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.