Is The Caring Coalition Of Central New York Legit?

The Caring Coalition Of Central New York demonstrates consistent financial activity, with revenues and expenses generally balancing out over the past decade. For instance, in the 202305 period, expenses of $10,716,117 slightly exceeded revenue of $10,203,612, indicating a minor operating deficit for that year. However, the organization maintains a healthy asset base, reported at $14,394,539 in 202305, significantly exceeding its liabilities of $566,325, suggesting strong financial stability. The consistent reporting of 0% officer compensation across all available filings is a notable aspect of its financial transparency and operational structure, indicating that top leadership is either unpaid or compensated through other means not categorized as 'officer compensation' on the 990, which warrants further investigation for a complete picture. While the provided data doesn't offer a detailed breakdown of program, administrative, and fundraising expenses, the overall financial picture suggests a well-managed organization with stable operations. The consistent revenue generation, hovering around $10-12 million annually, indicates a reliable funding stream. The organization's assets have also shown steady growth over the years, from $11,173,662 in 201405 to $14,394,539 in 202305, further reinforcing its financial health. The low liability-to-asset ratio consistently observed across filings points to a fiscally responsible approach. Without specific expense category breakdowns, it's challenging to fully assess spending efficiency. However, the consistent near-balance of revenues and expenses suggests that the organization is effectively utilizing its incoming funds. The absence of reported officer compensation on the 990s is a significant transparency point, potentially indicating a volunteer-led executive team or a different compensation structure. This practice, while potentially positive for resource allocation, also raises questions about the full scope of executive remuneration that would require deeper scrutiny of the complete 990 forms.