Corbin Community Backpack Program
Corbin Community Backpack Program efficiently allocates funds to its core mission with strong program spending.
EIN: 204660286 · Corbin, KY · NTEE: P30 · Updated: 2026-03-28
Is Corbin Community Backpack Program Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Corbin Community Backpack Program directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Corbin Community Backpack Program
Corbin Community Backpack Program (EIN: 204660286) is a nonprofit organization based in Corbin, KY, classified under NTEE code P30. The organization reported total revenue of $59K and total assets of $36K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Corbin Community Backpack Program'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 Corbin Community Backpack Program 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: 85%
- fundraising: 5%
According to IRS 990 filings, Corbin Community Backpack Program 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
Given the organization's modest revenue of $59,009 and assets of $36,385, it is highly probable that executive compensation is either non-existent or very low, consistent with a small, volunteer-driven or minimally staffed nonprofit.
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 Corbin Community Backpack Program:
- Strong program spending ratio (85%)
- Clear focus on core mission (NTEE Code P30 - Food, Agriculture, & Nutrition)
- Lean operational structure implied by modest revenue and assets
Frequently Asked Questions about Corbin Community Backpack Program
Is Corbin Community Backpack Program a legitimate charity?
Based on AI analysis of IRS 990 filings, Corbin Community Backpack Program (EIN: 204660286) appears legitimate. Mission Score: 90/100. 0 red flags identified, 3 strengths noted.
How does Corbin Community Backpack Program spend its money?
Corbin Community Backpack Program directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Corbin Community Backpack Program tax-deductible?
Corbin Community Backpack Program is registered as a tax-exempt nonprofit (EIN: 204660286). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Corbin Community Backpack Program financially stable?
With $59,009 in revenue and $36,385 in assets, the organization operates on a small scale but appears stable for its size, effectively managing its resources to deliver its program.
How much of my donation goes directly to programs?
Based on the spending breakdown, approximately 85% of expenditures go directly to program services, indicating a high efficiency in delivering its mission.
Data Sources and Methodology
This transparency report for Corbin Community Backpack Program 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.