Is Somersworth Community Development Corporation Legit?
Quick charity verification for Somersworth Community Development Corporation (EIN: 20483387)
Verdict: Somersworth Community Development Corporation appears trustworthy
92/100Mission Score
$34KRevenue
$929KAssets
1Red Flags
5Strengths
Red Flags
Relatively small operating budget compared to asset base, potentially limiting program scale
Strengths
Consistent asset growth over a decade ($668,339 in 2014 to $905,067 in 2023)
Very low liabilities, consistently under $10,000
No reported officer compensation, indicating volunteer leadership and low administrative costs
Revenue consistently exceeds expenses, demonstrating financial stability and surplus generation
Strong program spending ratio due to minimal overhead
Spending Breakdown
How Somersworth Community Development Corporation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Somersworth Community Development Corporation
Is Somersworth Community Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Somersworth Community Development Corporation (EIN: 20483387) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Somersworth Community Development Corporation a good charity to donate to?
Somersworth Community Development Corporation has a Mission Score of 92/100. Revenue: $34K. Assets: $929K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Somersworth Community Development Corporation?
The Employer Identification Number (EIN) for Somersworth Community Development Corporation is 20483387. 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 Somersworth Community Development Corporation spend its money?
Somersworth Community Development Corporation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Somersworth Community Development Corporation's tax-exempt status?
You can verify Somersworth Community Development Corporation's tax-exempt status using EIN 20483387 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
Somersworth Community Development Corporation demonstrates consistent financial stability with a healthy asset base and minimal liabilities. Over the past decade, the organization has shown steady growth in assets, increasing from $668,339 in 2014 to $905,067 in 2023. Revenue has generally outpaced expenses, with the most recent filing (2023) showing revenues of $37,288 against expenses of $10,162, indicating efficient operations and a surplus. The organization's liabilities have remained very low, consistently under $10,000, which is a strong indicator of financial health and responsible management.
The organization's spending efficiency appears strong, as evidenced by the significant difference between revenue and expenses. With no reported officer compensation across all available filings, it suggests a volunteer-driven leadership, which can contribute to lower administrative costs. This structure likely allows a greater proportion of funds to be directed towards its community development mission.
Transparency is high given the consistent filing of IRS Form 990s over 13 periods and the clear financial data provided. The absence of officer compensation is a notable point of transparency, indicating that the organization's leadership is not drawing salaries from its modest revenue. This commitment to volunteer leadership enhances public trust and demonstrates a strong dedication to its mission.