Central American Refugee Center Carecen Ny

Is Central American Refugee Center Carecen Ny Legit?

Appears Legitimate

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

Central American Refugee Center Carecen Ny directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Central American Refugee Center Carecen Ny

Central American Refugee Center Carecen Ny (EIN: 112705005) is a nonprofit organization based in Hempstead, NY, classified under NTEE code P84Z. The organization reported total revenue of $4.0M and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Central American Refugee Center Carecen Ny'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 Central American Refugee Center Carecen Ny with a Mission Score of 88 out of 100 (Excellent). 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: 85%
• fundraising: 5%

According to IRS 990 filings, Central American Refugee Center Carecen Ny allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

No officer compensation has been reported across all available filings, including the latest period with $2,997,227 in revenue, suggesting either a volunteer-led executive team or compensation levels below IRS reporting thresholds, which is a positive indicator for resource allocation to mission.

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.

Strengths

The following positive indicators were identified for Central American Refugee Center Carecen Ny:

• Strong and consistent revenue growth, from $454,469 in 2014 to $4,007,902 currently.
• Consistent asset accumulation, reaching $1,908,140, indicating financial stability and capacity.
• No reported officer compensation across all filings, suggesting high efficiency in resource allocation.
• Low liabilities relative to assets, demonstrating sound financial management and solvency.
• Positive net income in most recent periods, such as $337,043 in 2023, contributing to asset growth.

Frequently Asked Questions about Central American Refugee Center Carecen Ny

Filing History

IRS 990 filing history for Central American Refugee Center Carecen Ny showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Central American Refugee Center Carecen Ny's revenue has grown by 815.7%, moving from $327K to $3.0M. Total assets increased by 2954.2% over the same period, from $33K to $1.0M. Total functional expenses rose by 681.6%, from $340K to $2.7M. In its most recent filing year (2023), Central American Refugee Center Carecen Ny reported a surplus of $337K, with revenue exceeding expenses. The organization holds $56K in liabilities against $1.0M in assets (debt-to-asset ratio: 5.5%), resulting in net assets of $956K.

Year-by-Year Financial Summary

• 2023: Revenue of $3.0M, expenses of $2.7M, and assets of $1.0M (revenue +108.2% year-over-year).
• 2022: Revenue of $1.4M, expenses of $1.9M, and assets of $676K (revenue -10.7% year-over-year).
• 2021: Revenue of $1.6M, expenses of $1.1M, and assets of $1.1M (revenue +77.9% year-over-year).
• 2020: Revenue of $906K, expenses of $842K, and assets of $609K (revenue -14.8% year-over-year).
• 2019: Revenue of $1.1M, expenses of $1.0M, and assets of $599K (revenue -19.7% year-over-year).
• 2018: Revenue of $1.3M, expenses of $1.2M, and assets of $665K (revenue +26.9% year-over-year).
• 2017: Revenue of $1.0M, expenses of $1.2M, and assets of $305K (revenue -11.3% year-over-year).
• 2016: Revenue of $1.2M, expenses of $1.1M, and assets of $404K (revenue +37.1% year-over-year).
• 2015: Revenue of $858K, expenses of $736K, and assets of $323K (revenue +88.9% year-over-year).
• 2014: Revenue of $454K, expenses of $431K, and assets of $200K (revenue -5.4% year-over-year).
• 2013: Revenue of $480K, expenses of $325K, and assets of $177K (revenue +38.2% year-over-year).
• 2012: Revenue of $348K, expenses of $338K, and assets of $22K (revenue +6.2% year-over-year).
• 2011: Revenue of $327K, expenses of $340K, and assets of $33K.

Data Sources and Methodology

This transparency report for Central American Refugee Center Carecen Ny 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.