Cinereach Ltd
Cinereach Ltd maintains strong asset growth and zero officer compensation amidst fluctuating revenues.
EIN: 202946241 · Brooklyn, NY · NTEE: A31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.6M |
| Total Expenses | $3.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $18,374,740 |
| Net Assets | $15.5M |
| Transparency Score | 92/100 |
Is Cinereach Ltd Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cinereach Ltd directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cinereach Ltd
Cinereach Ltd (EIN: 202946241) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code A31. The organization reported total revenue of $6.6M and total assets of $18.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cinereach Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cinereach Ltd is a mid-size nonprofit that has been operating for 11 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.6M |
| Total Expenses | $3.3M |
| Surplus / Deficit | +$2.3M |
| Total Assets | $15.9M |
| Total Liabilities | $366K |
| Net Assets | $15.5M |
| Operating Margin | 40.9% |
| Debt-to-Asset Ratio | 2.3% |
| Months of Reserves | 57.2 months |
Financial Health Grade: A
In 2023, Cinereach Ltd reported a surplus of $2.3M with revenue exceeding expenses, holds 57.2 months of operating reserves (strong position), has a debt-to-asset ratio of 2.3% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Cinereach Ltd's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +81.2% | +16.3% | +9.1% |
| 2021 | -100.2% | -7.3% | -49.1% |
| 2020 | -9.9% | -21.6% | +10.0% |
| 2019 | +105.9% | +74.6% | +198.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cinereach Ltd with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Cinereach Ltd allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.3%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of its size with assets of $18,374,740 and revenues often exceeding several million dollars, suggesting either a volunteer leadership model or compensation being covered by an affiliated entity not reflected in these specific filings.
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 Cinereach Ltd's IRS 990 filings:
- Unusually consistent 0% officer compensation for an organization of this size, which may warrant further investigation into how leadership is compensated or sustained.
- Significant revenue volatility, including a negative revenue period in 202106, which could indicate reliance on unpredictable funding sources or investment performance.
Strengths
The following positive indicators were identified for Cinereach Ltd:
- Strong asset growth, with assets increasing from $3,434,421 in 201106 to $15,876,706 in 202306.
- Consistent reporting of 0% officer compensation, indicating a high proportion of funds potentially directed towards program services.
- Generally healthy financial surpluses in most recent periods, such as $5,634,895 revenue vs. $3,328,527 expenses in 202306.
- Long history of IRS 990 filings (10 filings), demonstrating commitment to transparency and compliance.
Frequently Asked Questions about Cinereach Ltd
Is Cinereach Ltd a legitimate charity?
Cinereach Ltd (EIN: 202946241) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $6.6M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Cinereach Ltd spend its money?
Cinereach Ltd directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Cinereach Ltd tax-deductible?
Cinereach Ltd is registered as a tax-exempt nonprofit (EIN: 202946241). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Cinereach Ltd CEO make?
Cinereach Ltd's highest-compensated officer earns $18,374,740 annually. The organization reported $6.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Cinereach Ltd's spending goes to programs?
Cinereach Ltd directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cinereach Ltd compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Cinereach Ltd is above average for NTEE category A31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cinereach Ltd located?
Cinereach Ltd is headquartered in Brooklyn, New York and files with the IRS under EIN 202946241. It is classified under NTEE code A31.
How many years of IRS 990 filings does Cinereach Ltd have?
Cinereach Ltd has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $6.6M in total revenue.
How does Cinereach Ltd manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this scale. It suggests either a fully volunteer-led executive team, or that executive compensation is being paid by an affiliated entity or through other means not disclosed in the 'Officer Comp' field of these summary filings.
What caused the negative revenue in 202106?
The negative revenue of $-20,278 in 202106 could be due to various factors such as significant investment losses, returns of grants, or accounting adjustments that resulted in a net negative income for that specific period. Without more detailed financial statements, the exact cause cannot be determined from the provided summary data.
Is Cinereach Ltd financially stable given its fluctuating revenue?
Despite revenue fluctuations, Cinereach Ltd appears financially stable. Its assets have consistently grown, reaching $15,876,706 in 202306, and it has maintained a positive net asset position. The organization has demonstrated an ability to manage expenses relative to revenue in most periods, indicating resilience.
Filing History
IRS 990 filing history for Cinereach Ltd showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Cinereach Ltd's revenue has grown by 38.2%, moving from $4.1M to $5.6M. Total assets increased by 362.3% over the same period, from $3.4M to $15.9M. Total functional expenses rose by 78%, from $1.9M to $3.3M. In its most recent filing year (2023), Cinereach Ltd reported a surplus of $2.3M, with revenue exceeding expenses. The organization holds $366K in liabilities against $15.9M in assets (debt-to-asset ratio: 2.3%), resulting in net assets of $15.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.6M | $3.3M | $15.9M | $366K | — | View 990 |
| 2022 | $3.1M | $2.9M | $14.6M | $612K | — | View 990 |
| 2021 | $-20,278 | $5.1M | $8.5M | $841K | — | — |
| 2020 | $8.4M | $5.5M | $16.7M | $1.1M | — | — |
| 2019 | $9.3M | $7.0M | $15.1M | $1.5M | — | — |
| 2015 | $4.5M | $4.0M | $5.1M | $235K | — | View 990 |
| 2014 | $450K | $2.5M | $4.5M | $196K | — | View 990 |
| 2013 | $5.9M | $3.3M | $6.7M | $261K | — | View 990 |
| 2012 | $4.2M | $3.2M | $4.1M | $271K | — | View 990 |
| 2011 | $4.1M | $1.9M | $3.4M | $567K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.6M, expenses of $3.3M, and assets of $15.9M (revenue +81.2% year-over-year).
- 2022: Revenue of $3.1M, expenses of $2.9M, and assets of $14.6M.
- 2021: Revenue of $-20,278, expenses of $5.1M, and assets of $8.5M (revenue -100.2% year-over-year).
- 2020: Revenue of $8.4M, expenses of $5.5M, and assets of $16.7M (revenue -9.9% year-over-year).
- 2019: Revenue of $9.3M, expenses of $7.0M, and assets of $15.1M (revenue +105.9% year-over-year).
- 2015: Revenue of $4.5M, expenses of $4.0M, and assets of $5.1M (revenue +900.4% year-over-year).
- 2014: Revenue of $450K, expenses of $2.5M, and assets of $4.5M (revenue -92.4% year-over-year).
- 2013: Revenue of $5.9M, expenses of $3.3M, and assets of $6.7M (revenue +42.1% year-over-year).
- 2012: Revenue of $4.2M, expenses of $3.2M, and assets of $4.1M (revenue +2.2% year-over-year).
- 2011: Revenue of $4.1M, expenses of $1.9M, and assets of $3.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cinereach Ltd:
Data Sources and Methodology
This transparency report for Cinereach Ltd 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.