Commission On Economic Opportunity For The Rensselaer County Area Inc
Rensselaer County's Economic Opportunity Commission consistently operates with no reported officer compensation and growing assets.
EIN: 141490509 · Troy, NY · NTEE: S200 · Updated: 2026-03-28
Is Commission On Economic Opportunity For The Rensselaer County Area Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Commission On Economic Opportunity For The Rensselaer County Area Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Commission On Economic Opportunity For The Rensselaer County Area Inc
Commission On Economic Opportunity For The Rensselaer County Area Inc (EIN: 141490509) is a nonprofit organization based in Troy, NY, classified under NTEE code S200. The organization reported total revenue of $15.3M and total assets of $26.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Commission On Economic Opportunity For The Rensselaer County Area 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 Commission On Economic Opportunity For The Rensselaer County Area Inc 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, Commission On Economic Opportunity For The Rensselaer County Area Inc 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.
Executive Compensation Analysis
Executive compensation is reported as 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 revenues consistently above $14 million and suggests either a volunteer leadership structure or compensation is covered by other means not reported as officer compensation.
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 Commission On Economic Opportunity For The Rensselaer County Area Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided data, making precise spending efficiency analysis difficult without full 990 forms.
Strengths
The following positive indicators were identified for Commission On Economic Opportunity For The Rensselaer County Area Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating strong financial prudence.
- Stable financial operations with revenues generally covering expenses over a decade.
- Positive trend in assets, growing from $16,980,234 in 2020 to $20,561,589 in 2023, enhancing long-term stability.
- Consistent revenue generation, averaging over $15 million annually, demonstrating strong funding support.
Frequently Asked Questions about Commission On Economic Opportunity For The Rensselaer County Area Inc
Is Commission On Economic Opportunity For The Rensselaer County Area Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Commission On Economic Opportunity For The Rensselaer County Area Inc (EIN: 141490509) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Commission On Economic Opportunity For The Rensselaer County Area Inc spend its money?
Commission On Economic Opportunity For The Rensselaer County Area Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Commission On Economic Opportunity For The Rensselaer County Area Inc tax-deductible?
Commission On Economic Opportunity For The Rensselaer County Area Inc is registered as a tax-exempt nonprofit (EIN: 141490509). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Commission On Economic Opportunity For The Rensselaer County Area Inc a good charity?
Based on the provided data, the organization appears to be a good charity. It consistently manages its finances, shows asset growth, and notably reports 0% officer compensation across all filings, suggesting a strong commitment to its mission over executive pay.
How has the organization's financial health changed over time?
The organization has maintained stable financial health over the past decade, with revenues and expenses generally in balance. Assets have shown a positive trend, increasing from $16,980,234 in 2020 to $20,561,589 in 2023, indicating growth in its financial reserves.
What is the significance of 0% officer compensation?
The 0% officer compensation reported across all filings is highly significant. It suggests that the organization's leadership is either entirely volunteer-based or compensated through alternative means not classified as officer compensation on the 990, which is a strong indicator of financial prudence and a focus on directing funds to programs.
Filing History
IRS 990 filing history for Commission On Economic Opportunity For The Rensselaer County Area Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Commission On Economic Opportunity For The Rensselaer County Area Inc's revenue has grown by 3.2%, moving from $16.5M to $17.1M. Total assets increased by 5.2% over the same period, from $19.5M to $20.6M. Total functional expenses fell by 7.6%, from $16.1M to $14.8M. In its most recent filing year (2023), Commission On Economic Opportunity For The Rensselaer County Area Inc reported a surplus of $2.2M, with revenue exceeding expenses. The organization holds $2.1M in liabilities against $20.6M in assets (debt-to-asset ratio: 10.0%), resulting in net assets of $18.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $17.1M | $14.8M | $20.6M | $2.1M | — | — |
| 2022 | $14.6M | $14.9M | $18.2M | $1.7M | — | View 990 |
| 2021 | $14.3M | $14.2M | $18.5M | $1.9M | — | View 990 |
| 2020 | $16.7M | $16.2M | $17.0M | $1.6M | — | View 990 |
| 2019 | $16.6M | $16.4M | $17.4M | $2.2M | — | View 990 |
| 2018 | $15.4M | $16.3M | $16.8M | $2.0M | — | View 990 |
| 2017 | $15.5M | $16.1M | $17.7M | $2.3M | — | View 990 |
| 2016 | $14.1M | $14.8M | $18.0M | $2.4M | — | View 990 |
| 2015 | $15.5M | $15.7M | $18.5M | $2.2M | — | View 990 |
| 2014 | $14.7M | $15.4M | $18.9M | $2.3M | — | View 990 |
| 2013 | $15.1M | $15.7M | $19.5M | $2.4M | — | View 990 |
| 2012 | $16.5M | $16.1M | $19.5M | $1.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $17.1M, expenses of $14.8M, and assets of $20.6M (revenue +16.8% year-over-year).
- 2022: Revenue of $14.6M, expenses of $14.9M, and assets of $18.2M (revenue +1.9% year-over-year).
- 2021: Revenue of $14.3M, expenses of $14.2M, and assets of $18.5M (revenue -14.0% year-over-year).
- 2020: Revenue of $16.7M, expenses of $16.2M, and assets of $17.0M (revenue +0.7% year-over-year).
- 2019: Revenue of $16.6M, expenses of $16.4M, and assets of $17.4M (revenue +7.5% year-over-year).
- 2018: Revenue of $15.4M, expenses of $16.3M, and assets of $16.8M (revenue -1.0% year-over-year).
- 2017: Revenue of $15.5M, expenses of $16.1M, and assets of $17.7M (revenue +10.2% year-over-year).
- 2016: Revenue of $14.1M, expenses of $14.8M, and assets of $18.0M (revenue -8.8% year-over-year).
- 2015: Revenue of $15.5M, expenses of $15.7M, and assets of $18.5M (revenue +4.9% year-over-year).
- 2014: Revenue of $14.7M, expenses of $15.4M, and assets of $18.9M (revenue -2.3% year-over-year).
- 2013: Revenue of $15.1M, expenses of $15.7M, and assets of $19.5M (revenue -8.8% year-over-year).
- 2012: Revenue of $16.5M, expenses of $16.1M, and assets of $19.5M.
Data Sources and Methodology
This transparency report for Commission On Economic Opportunity For The Rensselaer County Area 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.