Is The Caring Coalition Of Central New York Legit?

Quick charity verification for The Caring Coalition Of Central New York (EIN: 161047041)

Verdict: The Caring Coalition Of Central New York appears trustworthy

85/100Mission Score

$11.9MRevenue

$15.8MAssets

1Red Flags

4Strengths

Red Flags

Consistent 0% officer compensation reported on 990s for a multi-million dollar organization, which is unusual and may obscure actual executive remuneration.

Strengths

Strong financial stability with assets consistently exceeding liabilities (e.g., $14,394,539 assets vs. $566,325 liabilities in 202305).
Consistent revenue generation, averaging over $10 million annually, indicating reliable funding.
Healthy asset growth over the past decade, from $11,173,662 in 201405 to $14,394,539 in 202305.
Expenses generally align closely with revenue, suggesting efficient use of funds (e.g., $10,716,117 expenses vs. $10,203,612 revenue in 202305).

Spending Breakdown

How The Caring Coalition Of Central New York 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 The Caring Coalition Of Central New York

Is The Caring Coalition Of Central New York a legitimate charity?

Based on AI analysis of IRS 990 filings, The Caring Coalition Of Central New York (EIN: 161047041) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is The Caring Coalition Of Central New York a good charity to donate to?

The Caring Coalition Of Central New York has a Mission Score of 85/100. Revenue: $11.9M. Assets: $15.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for The Caring Coalition Of Central New York?

The Employer Identification Number (EIN) for The Caring Coalition Of Central New York is 161047041. 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 The Caring Coalition Of Central New York spend its money?

The Caring Coalition Of Central New York allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify The Caring Coalition Of Central New York's tax-exempt status?

You can verify The Caring Coalition Of Central New York's tax-exempt status using EIN 161047041 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

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.

View Full Transparency Report →

Disclaimer

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