Consumer Reports Inc

Is Consumer Reports Inc Legit?

Some Concerns

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

Consumer Reports Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Consumer Reports Inc

Consumer Reports Inc (EIN: 131776434) is a nonprofit organization based in Yonkers, NY, classified under NTEE code W900. The organization reported total revenue of $308.8M and total assets of $473.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Consumer Reports 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 Consumer Reports Inc with a Mission Score of 90 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: 80%
• fundraising: 10%

According to IRS 990 filings, Consumer Reports 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 consistently reported as 0% for officers across all available filings, which is highly unusual for an organization of this size (latest revenue $308,825,874) and suggests either a unique compensation structure or that top executives are not compensated directly as 'officers' in the traditional sense, or are compensated through other means not captured in this specific data point.

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 Consumer Reports Inc's IRS 990 filings:

• Recent operating deficit in 202305 (expenses exceeding revenue)

Strengths

The following positive indicators were identified for Consumer Reports Inc:

• Consistently strong asset base (e.g., $462,111,873 in 202305)
• No reported officer compensation across all filings, indicating efficient resource allocation
• Consistent history of IRS 990 filings, demonstrating transparency
• Historically strong revenue generation, often exceeding expenses
• Clear alignment with NTEE code W900 (Consumer Protection, Legal Aid & Services)

Frequently Asked Questions about Consumer Reports Inc

Filing History

IRS 990 filing history for Consumer Reports Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Consumer Reports Inc's revenue has declined by 1.8%, moving from $254.2M to $249.7M. Total assets increased by 27.8% over the same period, from $361.6M to $462.1M. Total functional expenses fell by 1.4%, from $257.7M to $253.9M. In its most recent filing year (2023), Consumer Reports Inc reported a deficit of $4.3M, with expenses exceeding revenue. The organization holds $182.2M in liabilities against $462.1M in assets (debt-to-asset ratio: 39.4%), resulting in net assets of $279.9M.

Year-by-Year Financial Summary

• 2023: Revenue of $249.7M, expenses of $253.9M, and assets of $462.1M (revenue -13.5% year-over-year).
• 2022: Revenue of $288.8M, expenses of $250.5M, and assets of $489.3M (revenue +4.8% year-over-year).
• 2021: Revenue of $275.6M, expenses of $239.1M, and assets of $503.3M (revenue +10.2% year-over-year).
• 2020: Revenue of $250.1M, expenses of $235.0M, and assets of $399.3M (revenue -1.7% year-over-year).
• 2019: Revenue of $254.5M, expenses of $245.3M, and assets of $387.8M (revenue +2.5% year-over-year).
• 2018: Revenue of $248.5M, expenses of $253.0M, and assets of $417.2M (revenue -0.4% year-over-year).
• 2017: Revenue of $249.4M, expenses of $247.5M, and assets of $417.2M (revenue -2.3% year-over-year).
• 2016: Revenue of $255.4M, expenses of $254.0M, and assets of $407.2M (revenue -3.4% year-over-year).
• 2015: Revenue of $264.5M, expenses of $255.1M, and assets of $427.7M (revenue -1.8% year-over-year).
• 2014: Revenue of $269.3M, expenses of $258.7M, and assets of $419.9M (revenue +3.8% year-over-year).
• 2013: Revenue of $259.3M, expenses of $255.6M, and assets of $381.4M (revenue -1.5% year-over-year).
• 2012: Revenue of $263.3M, expenses of $265.3M, and assets of $335.9M (revenue +3.6% year-over-year).
• 2011: Revenue of $254.2M, expenses of $257.7M, and assets of $361.6M.

Data Sources and Methodology

This transparency report for Consumer Reports 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.