Corporate Source Inc
Corporate Source Inc shows consistent revenue growth and no reported officer compensation over a decade.
EIN: 133882284 · Garden City, NY · NTEE: J30 · Updated: 2026-03-28
Is Corporate Source Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Corporate Source Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Corporate Source Inc
Corporate Source Inc (EIN: 133882284) is a nonprofit organization based in Garden City, NY, classified under NTEE code J30. The organization reported total revenue of $38.0M and total assets of $39.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Corporate Source 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 Corporate Source 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, Corporate Source 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
Corporate Source Inc consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with revenues exceeding $30 million. This suggests either a fully volunteer-led executive team or that executive compensation is structured in a way that is not reported under 'officer compensation' on the IRS Form 990, warranting further inquiry.
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 Corporate Source Inc's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which may obscure actual leadership compensation.
Strengths
The following positive indicators were identified for Corporate Source Inc:
- Consistent and significant revenue growth over the past decade (from $16.5M in 2014 to $34.6M in 2023).
- Strong asset accumulation, indicating financial health and capacity building (from $5.7M in 2014 to $34.8M in 2023).
- Low liability-to-asset ratio, demonstrating financial stability.
- High program spending efficiency, with a significant portion of expenses directed towards mission-related activities.
- Positive net income/surplus in recent years, allowing for reinvestment and growth.
Frequently Asked Questions about Corporate Source Inc
Is Corporate Source Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Corporate Source Inc (EIN: 133882284) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Corporate Source Inc spend its money?
Corporate Source Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Corporate Source Inc tax-deductible?
Corporate Source Inc is registered as a tax-exempt nonprofit (EIN: 133882284). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Corporate Source Inc a good charity?
Based on the available IRS 990 data, Corporate Source Inc appears to be a financially healthy and efficient organization. It demonstrates consistent revenue growth, strong asset accumulation, and a very high percentage of spending directed towards its programs. The lack of reported officer compensation is a unique characteristic that, while potentially positive for efficiency, also warrants further understanding of their leadership compensation structure.
How does Corporate Source Inc manage its executive compensation?
The IRS 990 filings for Corporate Source Inc consistently report 0% for officer compensation. This indicates that either the organization's executive leadership is entirely volunteer-based, or their compensation is structured and reported under different categories within the 990, such as 'salaries and wages' for non-officer key employees, which would require a deeper dive into the full 990 forms to ascertain.
What is Corporate Source Inc's financial stability?
Corporate Source Inc exhibits strong financial stability. Its assets have grown consistently from $5,710,719 in 2014 to $34,891,644 in 2023, while liabilities remain a relatively small portion of total assets (e.g., $5,565,402 in liabilities against $34,891,644 in assets in 2023). This indicates a healthy balance sheet and strong financial management.
Filing History
IRS 990 filing history for Corporate Source Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Corporate Source Inc's revenue has grown by 124.4%, moving from $15.4M to $34.7M. Total assets increased by 463.4% over the same period, from $6.2M to $34.9M. Total functional expenses rose by 105.4%, from $14.7M to $30.1M. In its most recent filing year (2023), Corporate Source Inc reported a surplus of $4.6M, with revenue exceeding expenses. The organization holds $5.6M in liabilities against $34.9M in assets (debt-to-asset ratio: 16.0%), resulting in net assets of $29.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $34.7M | $30.1M | $34.9M | $5.6M | — | View 990 |
| 2022 | $30.3M | $25.8M | $28.2M | $3.6M | — | View 990 |
| 2021 | $27.7M | $23.8M | $23.9M | $2.9M | — | View 990 |
| 2020 | $25.2M | $22.8M | $19.2M | $2.8M | — | View 990 |
| 2019 | $24.6M | $22.0M | $16.5M | $2.5M | — | View 990 |
| 2018 | $23.6M | $21.7M | $13.8M | $2.4M | — | View 990 |
| 2017 | $22.0M | $19.9M | $11.7M | $2.2M | — | View 990 |
| 2016 | $21.2M | $19.2M | $8.7M | $1.4M | — | View 990 |
| 2015 | $18.1M | $17.4M | $6.9M | $2.0M | — | View 990 |
| 2014 | $16.6M | $16.3M | $5.7M | $1.6M | — | View 990 |
| 2013 | $16.1M | $15.7M | $6.4M | $2.5M | — | View 990 |
| 2012 | $15.3M | $15.2M | $6.8M | $2.7M | — | View 990 |
| 2011 | $15.4M | $14.7M | $6.2M | $2.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $34.7M, expenses of $30.1M, and assets of $34.9M (revenue +14.4% year-over-year).
- 2022: Revenue of $30.3M, expenses of $25.8M, and assets of $28.2M (revenue +9.6% year-over-year).
- 2021: Revenue of $27.7M, expenses of $23.8M, and assets of $23.9M (revenue +9.8% year-over-year).
- 2020: Revenue of $25.2M, expenses of $22.8M, and assets of $19.2M (revenue +2.5% year-over-year).
- 2019: Revenue of $24.6M, expenses of $22.0M, and assets of $16.5M (revenue +4.3% year-over-year).
- 2018: Revenue of $23.6M, expenses of $21.7M, and assets of $13.8M (revenue +7.0% year-over-year).
- 2017: Revenue of $22.0M, expenses of $19.9M, and assets of $11.7M (revenue +3.8% year-over-year).
- 2016: Revenue of $21.2M, expenses of $19.2M, and assets of $8.7M (revenue +17.2% year-over-year).
- 2015: Revenue of $18.1M, expenses of $17.4M, and assets of $6.9M (revenue +9.4% year-over-year).
- 2014: Revenue of $16.6M, expenses of $16.3M, and assets of $5.7M (revenue +2.8% year-over-year).
- 2013: Revenue of $16.1M, expenses of $15.7M, and assets of $6.4M (revenue +5.3% year-over-year).
- 2012: Revenue of $15.3M, expenses of $15.2M, and assets of $6.8M (revenue -1.0% year-over-year).
- 2011: Revenue of $15.4M, expenses of $14.7M, and assets of $6.2M.
Data Sources and Methodology
This transparency report for Corporate Source 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.