Cancao Nova Catholic Community

Is Cancao Nova Catholic Community Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Cancao Nova Catholic Community directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

About Cancao Nova Catholic Community

Cancao Nova Catholic Community (EIN: 203374420) is a nonprofit organization based in Long Branch, NJ, classified under NTEE code X80. The organization reported total revenue of $182K and total assets of $26K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cancao Nova Catholic Community's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Cancao Nova Catholic Community with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 20%
• programs: 70%
• fundraising: 10%

According to IRS 990 filings, Cancao Nova Catholic Community allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is a strong positive for a nonprofit of its size with revenues ranging from $0 to over $225,000.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Cancao Nova Catholic Community's IRS 990 filings:

• Lack of detailed expense breakdown in provided data makes efficiency assessment difficult
• Significant year-to-year fluctuations in revenue and expenses could indicate instability or project-based funding

Strengths

The following positive indicators were identified for Cancao Nova Catholic Community:

• Consistent 0% officer compensation, indicating efficient use of funds for leadership
• Generally low liabilities across most reporting periods
• Positive net assets in most active years, indicating financial solvency

Frequently Asked Questions about Cancao Nova Catholic Community

Filing History

IRS 990 filing history for Cancao Nova Catholic Community showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Cancao Nova Catholic Community's revenue has declined by 32.9%, moving from $336K to $226K. Total assets increased by 150.5% over the same period, from $21K to $53K. Total functional expenses fell by 40%, from $341K to $205K. In its most recent filing year (2023), Cancao Nova Catholic Community reported a surplus of $21K, with revenue exceeding expenses. The organization holds $11K in liabilities against $53K in assets (debt-to-asset ratio: 21.1%), resulting in net assets of $42K.

Year-by-Year Financial Summary

• 2023: Revenue of $226K, expenses of $205K, and assets of $53K (revenue +129.4% year-over-year).
• 2022: Revenue of $98K, expenses of $105K, and assets of $21K (revenue +-0.0% year-over-year).
• 2021: Revenue of $98K, expenses of $103K, and assets of $28K (revenue +5.3% year-over-year).
• 2020: Revenue of $93K, expenses of $78K, and assets of $32K (revenue -24.4% year-over-year).
• 2019: Revenue of $123K, expenses of $120K, and assets of $18K (revenue +91.6% year-over-year).
• 2018: Revenue of $64K, expenses of $51K, and assets of $14K.
• 2017: Revenue of $0, expenses of $0, and assets of $1.
• 2016: Revenue of $0, expenses of $0, and assets of $46K (revenue -100.0% year-over-year).
• 2015: Revenue of $89K, expenses of $93K, and assets of $46K (revenue -52.9% year-over-year).
• 2014: Revenue of $189K, expenses of $178K, and assets of $49K (revenue -3.3% year-over-year).
• 2013: Revenue of $196K, expenses of $175K, and assets of $38K (revenue +44.1% year-over-year).
• 2012: Revenue of $136K, expenses of $145K, and assets of $17K (revenue -59.6% year-over-year).
• 2011: Revenue of $336K, expenses of $341K, and assets of $21K.

Data Sources and Methodology

This transparency report for Cancao Nova Catholic Community is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

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