Community Corrections 24 Th Judicial Circuit Inc

Is Community Corrections 24 Th Judicial Circuit Inc Legit?

Some Concerns

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

Community Corrections 24 Th Judicial Circuit Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Community Corrections 24 Th Judicial Circuit Inc

Community Corrections 24 Th Judicial Circuit Inc (EIN: 10876137) is a nonprofit organization based in Paintsville, KY, classified under NTEE code I40. The organization reported total revenue of $100K and total assets of $6K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Community Corrections 24 Th Judicial Circuit 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 Community Corrections 24 Th Judicial Circuit Inc with a Mission Score of 65 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: 15%
• programs: 80%
• fundraising: 5%

According to IRS 990 filings, Community Corrections 24 Th Judicial Circuit Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be volunteer-based or compensated through non-officer roles, which is unusual for an organization with its level of expenses.

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 Community Corrections 24 Th Judicial Circuit Inc's IRS 990 filings:

• Significant and consistent decline in annual revenue over the past decade, from $185,930 in 2014 to $99,910 in 2020.
• Low asset base ($6,150 in 2020) relative to annual expenses, indicating limited financial reserves.
• Consistent reporting of 0% officer compensation, which may obscure leadership costs or indicate reliance on unpaid leadership, potentially impacting sustainability.

Strengths

The following positive indicators were identified for Community Corrections 24 Th Judicial Circuit Inc:

• Consistent operation near break-even, with expenses generally managed within revenue limits (e.g., 2020 revenue $99,910 vs. expenses $94,728).
• Low liabilities relative to assets, suggesting responsible debt management (e.g., 2020 assets $6,150 vs. liabilities $812).

Frequently Asked Questions about Community Corrections 24 Th Judicial Circuit Inc

Filing History

IRS 990 filing history for Community Corrections 24 Th Judicial Circuit Inc showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2020), Community Corrections 24 Th Judicial Circuit Inc's revenue has declined by 20%, moving from $125K to $100K. Total assets decreased by 74.5% over the same period, from $24K to $6K. Total functional expenses fell by 12.9%, from $109K to $95K. In its most recent filing year (2020), Community Corrections 24 Th Judicial Circuit Inc reported a surplus of $5K, with revenue exceeding expenses. The organization holds $812 in liabilities against $6K in assets (debt-to-asset ratio: 13.2%), resulting in net assets of $5K.

Year-by-Year Financial Summary

• 2020: Revenue of $100K, expenses of $95K, and assets of $6K (revenue -10.2% year-over-year).
• 2019: Revenue of $111K, expenses of $111K, and assets of $2K (revenue -16.8% year-over-year).
• 2018: Revenue of $134K, expenses of $159K, and assets of $2K (revenue -0.6% year-over-year).
• 2017: Revenue of $135K, expenses of $151K, and assets of $27K (revenue -23.7% year-over-year).
• 2016: Revenue of $176K, expenses of $169K, and assets of $44K (revenue +0.1% year-over-year).
• 2015: Revenue of $176K, expenses of $182K, and assets of $37K (revenue -5.3% year-over-year).
• 2014: Revenue of $186K, expenses of $190K, and assets of $43K (revenue +2.1% year-over-year).
• 2013: Revenue of $182K, expenses of $161K, and assets of $48K (revenue +28.4% year-over-year).
• 2012: Revenue of $142K, expenses of $140K, and assets of $26K (revenue +13.5% year-over-year).
• 2011: Revenue of $125K, expenses of $109K, and assets of $24K.

Data Sources and Methodology

This transparency report for Community Corrections 24 Th Judicial Circuit 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.