Is Wilmington Carenet Counseling Center Inc Legit?
Quick charity verification for Wilmington Carenet Counseling Center Inc (EIN: 203220796)
Verdict: Wilmington Carenet Counseling Center Inc appears trustworthy
90/100Mission Score
$194KRevenue
$235KAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent reporting of 0% officer compensation, indicating high efficiency and mission focus.
Healthy growth in assets from $63,706 in 2015 to $249,494 in 2023, demonstrating financial stability.
Low liabilities relative to assets, indicating strong financial management and solvency.
Consistent revenue generation over the past decade, showing stable donor support or service demand.
Spending Breakdown
How Wilmington Carenet Counseling Center 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
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 Wilmington Carenet Counseling Center Inc
Is Wilmington Carenet Counseling Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wilmington Carenet Counseling Center Inc (EIN: 203220796) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
Is Wilmington Carenet Counseling Center Inc a good charity to donate to?
Wilmington Carenet Counseling Center Inc has a Mission Score of 90/100. Revenue: $194K. Assets: $235K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Wilmington Carenet Counseling Center Inc?
The Employer Identification Number (EIN) for Wilmington Carenet Counseling Center Inc is 203220796. 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 Wilmington Carenet Counseling Center Inc spend its money?
Wilmington Carenet Counseling Center Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Wilmington Carenet Counseling Center Inc's tax-exempt status?
You can verify Wilmington Carenet Counseling Center Inc's tax-exempt status using EIN 203220796 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
Wilmington Carenet Counseling Center Inc demonstrates consistent financial operations with revenues generally exceeding or closely matching expenses over the past decade. For instance, in 2023, expenses of $185,114 were slightly higher than revenues of $183,793, indicating a minor deficit for the year. However, the organization maintains a healthy asset base, growing from $63,706 in 2015 to $249,494 in 2023, suggesting prudent financial management and accumulation of resources. The consistent reporting of zero officer compensation across all available filings is a strong indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries. The organization's liabilities remain very low relative to its assets, further reinforcing its financial stability.