Economic Opportunity Commission Of Nassau County Inc
Economic Opportunity Commission of Nassau County Inc consistently spends slightly more than it earns, maintaining stable assets with no reported officer compensation.
EIN: 112195458 · Hempstead, NY · NTEE: S200 · Updated: 2026-03-28
Is Economic Opportunity Commission Of Nassau County Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Economic Opportunity Commission Of Nassau County Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Economic Opportunity Commission Of Nassau County Inc
Economic Opportunity Commission Of Nassau County Inc (EIN: 112195458) is a nonprofit organization based in Hempstead, NY, classified under NTEE code S200. The organization reported total revenue of $15.1M and total assets of $9.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Economic Opportunity Commission Of Nassau County 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 Economic Opportunity Commission Of Nassau County Inc with a Mission Score of 75 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, Economic Opportunity Commission Of Nassau County 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
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size with annual revenues exceeding $15 million. This suggests either a volunteer leadership model or that compensation is categorized differently, which would require further investigation of the full 990 forms.
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 Economic Opportunity Commission Of Nassau County Inc's IRS 990 filings:
- Expenses consistently exceed revenue in recent years (e.g., 2023: $15,359,139 expenses vs. $15,152,505 revenue), indicating potential reliance on reserves or unsustainable spending patterns.
- Unusually low (0%) reported officer compensation for an organization of this size, which may obscure actual executive remuneration if it's categorized elsewhere.
Strengths
The following positive indicators were identified for Economic Opportunity Commission Of Nassau County Inc:
- Strong asset base consistently exceeding liabilities (e.g., 2023: $9,765,890 assets vs. $3,099,787 liabilities), indicating financial stability.
- No reported officer compensation across all filings, suggesting efficient use of funds at the executive level or a volunteer leadership model.
- Consistent revenue generation over a decade, demonstrating stable funding streams.
Frequently Asked Questions about Economic Opportunity Commission Of Nassau County Inc
Is Economic Opportunity Commission Of Nassau County Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Economic Opportunity Commission Of Nassau County Inc (EIN: 112195458) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Economic Opportunity Commission Of Nassau County Inc spend its money?
Economic Opportunity Commission Of Nassau County Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Economic Opportunity Commission Of Nassau County Inc tax-deductible?
Economic Opportunity Commission Of Nassau County Inc is registered as a tax-exempt nonprofit (EIN: 112195458). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Economic Opportunity Commission Of Nassau County Inc a good charity?
Based on the available data, the organization demonstrates financial stability with consistent assets and no reported officer compensation, which are positive indicators. However, the recurring trend of expenses slightly exceeding revenue and the lack of detailed functional expense breakdowns in this summary make a definitive 'good' assessment difficult without further investigation into program impact and detailed spending.
Why is officer compensation consistently 0%?
The consistent reporting of 0% officer compensation is highly unusual for an organization with annual revenues exceeding $15 million. This could indicate a volunteer-led executive team, or that executive salaries are categorized under other expense lines, which would require reviewing the full IRS 990 forms for clarification.
What is the trend in the organization's net assets?
The organization's net assets (Assets - Liabilities) have fluctuated but generally remained stable, ranging from approximately $7.4 million in 2014 to $6.6 million in 2023 ($9,765,890 assets - $3,099,787 liabilities). While there's been a slight decline in net assets over the last few years, the overall base remains strong.
Filing History
IRS 990 filing history for Economic Opportunity Commission Of Nassau County Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Economic Opportunity Commission Of Nassau County Inc's revenue has grown by 13.2%, moving from $13.4M to $15.2M. Total assets increased by 157.2% over the same period, from $3.8M to $9.8M. Total functional expenses rose by 16.9%, from $13.1M to $15.4M. In its most recent filing year (2023), Economic Opportunity Commission Of Nassau County Inc reported a deficit of $207K, with expenses exceeding revenue. The organization holds $3.1M in liabilities against $9.8M in assets (debt-to-asset ratio: 31.7%), resulting in net assets of $6.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $15.2M | $15.4M | $9.8M | $3.1M | — | — |
| 2022 | $15.7M | $16.2M | $10.0M | $3.1M | — | View 990 |
| 2021 | $13.2M | $13.4M | $10.3M | $2.9M | — | View 990 |
| 2020 | $11.9M | $11.9M | $10.9M | $3.3M | — | — |
| 2019 | $11.4M | $12.0M | $10.0M | $2.4M | — | View 990 |
| 2018 | $12.0M | $12.9M | $10.6M | $2.4M | — | View 990 |
| 2017 | $12.1M | $12.8M | $11.6M | $2.5M | — | View 990 |
| 2016 | $17.1M | $11.9M | $12.4M | $2.6M | — | View 990 |
| 2015 | $13.8M | $11.7M | $7.4M | $2.8M | — | View 990 |
| 2014 | $11.7M | $11.3M | $5.0M | $2.5M | — | View 990 |
| 2013 | $11.5M | $11.5M | $4.7M | $2.5M | — | View 990 |
| 2012 | $11.9M | $11.5M | $4.9M | $2.7M | — | View 990 |
| 2011 | $13.4M | $13.1M | $3.8M | $995K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15.2M, expenses of $15.4M, and assets of $9.8M (revenue -3.4% year-over-year).
- 2022: Revenue of $15.7M, expenses of $16.2M, and assets of $10.0M (revenue +18.9% year-over-year).
- 2021: Revenue of $13.2M, expenses of $13.4M, and assets of $10.3M (revenue +11.0% year-over-year).
- 2020: Revenue of $11.9M, expenses of $11.9M, and assets of $10.9M (revenue +4.1% year-over-year).
- 2019: Revenue of $11.4M, expenses of $12.0M, and assets of $10.0M (revenue -4.9% year-over-year).
- 2018: Revenue of $12.0M, expenses of $12.9M, and assets of $10.6M (revenue -0.8% year-over-year).
- 2017: Revenue of $12.1M, expenses of $12.8M, and assets of $11.6M (revenue -29.1% year-over-year).
- 2016: Revenue of $17.1M, expenses of $11.9M, and assets of $12.4M (revenue +23.5% year-over-year).
- 2015: Revenue of $13.8M, expenses of $11.7M, and assets of $7.4M (revenue +17.7% year-over-year).
- 2014: Revenue of $11.7M, expenses of $11.3M, and assets of $5.0M (revenue +2.0% year-over-year).
- 2013: Revenue of $11.5M, expenses of $11.5M, and assets of $4.7M (revenue -3.6% year-over-year).
- 2012: Revenue of $11.9M, expenses of $11.5M, and assets of $4.9M (revenue -10.8% year-over-year).
- 2011: Revenue of $13.4M, expenses of $13.1M, and assets of $3.8M.
Data Sources and Methodology
This transparency report for Economic Opportunity Commission Of Nassau County 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.