Cape Cod Times Neighbors Fund Inc

Is Cape Cod Times Neighbors Fund Inc Legit?

Some Concerns

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

Cape Cod Times Neighbors Fund Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Cape Cod Times Neighbors Fund Inc

Cape Cod Times Neighbors Fund Inc (EIN: 222480332) is a nonprofit organization based in Hyannis, MA, classified under NTEE code T21Z. The organization reported total revenue of $721K and total assets of $4.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cape Cod Times Neighbors Fund Inc'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 Cape Cod Times Neighbors Fund Inc 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: 10%
• programs: 80%
• fundraising: 10%

According to IRS 990 filings, Cape Cod Times Neighbors Fund Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as $0 across all available filings, indicating a volunteer-led or externally managed structure for leadership.

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 Cape Cod Times Neighbors Fund Inc's IRS 990 filings:

• Revenue has fluctuated significantly, from a high of $2,112,579 in 2021 to a low of $993,751 in 2016, which could impact long-term program stability.

Strengths

The following positive indicators were identified for Cape Cod Times Neighbors Fund Inc:

• The organization maintains a strong asset base, with total assets growing from $916,295 in 2016 to $4,388,218 in 2023, providing financial resilience.
• Consistent reporting of 0% compensation for key personnel suggests a highly efficient operational model, maximizing funds for programs.
• The fund consistently reports a low liability percentage relative to assets, indicating sound financial management.

Frequently Asked Questions about Cape Cod Times Neighbors Fund Inc

Filing History

IRS 990 filing history for Cape Cod Times Neighbors Fund Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Cape Cod Times Neighbors Fund Inc's revenue has grown by 132.2%, moving from $838K to $1.9M. Total assets increased by 678.8% over the same period, from $435K to $3.4M. Total functional expenses rose by 119.2%, from $726K to $1.6M. In its most recent filing year (2023), Cape Cod Times Neighbors Fund Inc reported a surplus of $354K, with revenue exceeding expenses. The organization holds $204K in liabilities against $3.4M in assets (debt-to-asset ratio: 6.0%), resulting in net assets of $3.2M.

Year-by-Year Financial Summary

• 2023: Revenue of $1.9M, expenses of $1.6M, and assets of $3.4M (revenue +16.2% year-over-year).
• 2022: Revenue of $1.7M, expenses of $1.7M, and assets of $2.8M (revenue -20.8% year-over-year).
• 2021: Revenue of $2.1M, expenses of $1.3M, and assets of $3.0M (revenue +1.5% year-over-year).
• 2020: Revenue of $2.1M, expenses of $1.4M, and assets of $2.2M (revenue +82.5% year-over-year).
• 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $1.5M (revenue -8.3% year-over-year).
• 2018: Revenue of $1.2M, expenses of $1.0M, and assets of $1.4M (revenue +1.8% year-over-year).
• 2017: Revenue of $1.2M, expenses of $981K, and assets of $1.2M (revenue +22.9% year-over-year).
• 2016: Revenue of $994K, expenses of $920K, and assets of $916K (revenue -1.8% year-over-year).
• 2015: Revenue of $1.0M, expenses of $895K, and assets of $826K (revenue +6.0% year-over-year).
• 2014: Revenue of $956K, expenses of $873K, and assets of $762K (revenue -1.5% year-over-year).
• 2013: Revenue of $971K, expenses of $812K, and assets of $663K (revenue +16.8% year-over-year).
• 2012: Revenue of $831K, expenses of $801K, and assets of $473K (revenue -0.8% year-over-year).
• 2011: Revenue of $838K, expenses of $726K, and assets of $435K.

Data Sources and Methodology

This transparency report for Cape Cod Times Neighbors Fund Inc 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.