Economic Opportunity Council Of Suffolk Inc
Economic Opportunity Council Of Suffolk Inc shows consistent revenue growth and positive net assets with no reported officer compensation.
EIN: 112141197 · Patchogue, NY · NTEE: S20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $33.8M |
| Total Expenses | $29.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $32 |
| Net Assets | $8.2M |
| Transparency Score | 88/100 |
Is Economic Opportunity Council Of Suffolk 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 Council Of Suffolk Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Economic Opportunity Council Of Suffolk Inc
Economic Opportunity Council Of Suffolk Inc (EIN: 112141197) is a nonprofit organization based in Patchogue, NY, classified under NTEE code S20Z. The organization reported total revenue of $33.8M and total assets of $16.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Economic Opportunity Council Of Suffolk Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Economic Opportunity Council Of Suffolk Inc is a large nonprofit that has been operating for 59 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $32.8M |
| Total Expenses | $29.1M |
| Surplus / Deficit | +$3.7M |
| Total Assets | $15.4M |
| Total Liabilities | $7.2M |
| Net Assets | $8.2M |
| Operating Margin | 11.3% |
| Debt-to-Asset Ratio | 46.8% |
| Months of Reserves | 6.3 months |
Financial Health Grade: A
In 2023, Economic Opportunity Council Of Suffolk Inc reported a surplus of $3.7M with revenue exceeding expenses, holds 6.3 months of operating reserves (strong position), has a debt-to-asset ratio of 46.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Economic Opportunity Council Of Suffolk Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.1% | +26.4% | +18.3% |
| 2022 | +24.3% | +24.9% | +109.3% |
| 2021 | -2.7% | -1.2% | +32.5% |
| 2020 | +11.5% | +7.8% | +7.8% |
| 2019 | +13.0% | +12.5% | +37.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1967 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Economic Opportunity Council Of Suffolk Inc with a Mission Score of 88 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, Economic Opportunity Council Of Suffolk Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 46.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with over $32 million in revenue, suggesting either a volunteer-led executive team or compensation structured in a way not reported as 'officer compensation' on the 990.
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 Council Of Suffolk Inc's IRS 990 filings:
- Consistent 0% officer compensation for an organization of this size may indicate a lack of transparency in executive compensation reporting or an unusual operational model that warrants further investigation.
Strengths
The following positive indicators were identified for Economic Opportunity Council Of Suffolk Inc:
- Strong and consistent revenue growth, from $10.6 million in 2014 to $32.7 million in 2023, demonstrating increasing capacity and impact.
- Healthy asset growth, with assets increasing from $2.6 million in 2014 to $15.3 million in 2023, indicating sound financial management and accumulation of resources.
- Consistent positive net assets, with assets significantly exceeding liabilities across all reported periods, reflecting financial stability.
- Expenses consistently align closely with revenue, suggesting efficient deployment of funds towards its mission (e.g., $29.0M expenses vs. $32.7M revenue in 2023).
Frequently Asked Questions about Economic Opportunity Council Of Suffolk Inc
Is Economic Opportunity Council Of Suffolk Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Economic Opportunity Council Of Suffolk Inc (EIN: 112141197) some concerns. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
How does Economic Opportunity Council Of Suffolk Inc spend its money?
Economic Opportunity Council Of Suffolk Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Economic Opportunity Council Of Suffolk Inc tax-deductible?
Economic Opportunity Council Of Suffolk Inc is registered as a tax-exempt nonprofit (EIN: 112141197). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Economic Opportunity Council Of Suffolk Inc CEO make?
Economic Opportunity Council Of Suffolk Inc's highest-compensated officer earns $32 annually. The organization reported $33.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Economic Opportunity Council Of Suffolk Inc's spending goes to programs?
Economic Opportunity Council Of Suffolk Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Economic Opportunity Council Of Suffolk Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Economic Opportunity Council Of Suffolk Inc is above average for NTEE category S20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Economic Opportunity Council Of Suffolk Inc located?
Economic Opportunity Council Of Suffolk Inc is headquartered in Patchogue, New York and files with the IRS under EIN 112141197. It is classified under NTEE code S20Z.
How many years of IRS 990 filings does Economic Opportunity Council Of Suffolk Inc have?
Economic Opportunity Council Of Suffolk Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $33.8M in total revenue.
How does the Economic Opportunity Council Of Suffolk Inc compensate its executive leadership if 'Officer Comp' is consistently reported as 0%?
The IRS 990 filings consistently show 0% officer compensation. This could mean executive leadership is entirely volunteer-based, or their compensation is categorized differently within the expense structure (e.g., as general salaries, independent contractor fees, or through a related entity) and not specifically as 'officer compensation' on Part VII of the 990. Further review of the full 990 form, particularly Part VII and Schedule J, would be necessary to understand this fully.
What is the specific breakdown of program, administrative, and fundraising expenses for the most recent year?
While the filings provide total revenue and expenses, a detailed breakdown into program, administrative, and fundraising categories is not provided in the summary data. For a precise understanding, the full IRS 990 form, specifically Part IX, would need to be reviewed.
Given the significant revenue growth, how has the organization managed its liabilities?
The organization's liabilities have fluctuated but generally increased with growth, from $1.5 million in 2014 to $7.1 million in 2023. However, assets have grown at a faster rate, from $2.6 million to $15.3 million in the same period, indicating that the organization's financial position remains strong with assets significantly exceeding liabilities.
Filing History
IRS 990 filing history for Economic Opportunity Council Of Suffolk Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Economic Opportunity Council Of Suffolk Inc's revenue has grown by 261.5%, moving from $9.1M to $32.8M. Total assets increased by 377.3% over the same period, from $3.2M to $15.4M. Total functional expenses rose by 226.3%, from $8.9M to $29.1M. In its most recent filing year (2023), Economic Opportunity Council Of Suffolk Inc reported a surplus of $3.7M, with revenue exceeding expenses. The organization holds $7.2M in liabilities against $15.4M in assets (debt-to-asset ratio: 46.8%), resulting in net assets of $8.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $32.8M | $29.1M | $15.4M | $7.2M | — | — |
| 2022 | $23.6M | $23.0M | $13.0M | $8.5M | — | View 990 |
| 2021 | $19.0M | $18.4M | $6.2M | $2.3M | — | View 990 |
| 2020 | $19.5M | $18.6M | $4.7M | $1.3M | — | — |
| 2019 | $17.5M | $17.3M | $4.3M | $1.8M | — | View 990 |
| 2018 | $15.5M | $15.4M | $3.2M | $857K | — | View 990 |
| 2017 | $13.6M | $13.3M | $3.1M | $865K | — | View 990 |
| 2016 | $12.7M | $12.5M | $3.0M | $1.1M | — | View 990 |
| 2015 | $12.0M | $11.6M | $3.1M | $1.5M | — | View 990 |
| 2014 | $10.6M | $10.1M | $2.7M | $1.5M | — | View 990 |
| 2013 | $7.9M | $8.1M | $3.7M | $3.0M | — | View 990 |
| 2012 | $8.0M | $8.1M | $2.3M | $1.4M | — | View 990 |
| 2011 | $9.1M | $8.9M | $3.2M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $32.8M, expenses of $29.1M, and assets of $15.4M (revenue +39.1% year-over-year).
- 2022: Revenue of $23.6M, expenses of $23.0M, and assets of $13.0M (revenue +24.3% year-over-year).
- 2021: Revenue of $19.0M, expenses of $18.4M, and assets of $6.2M (revenue -2.7% year-over-year).
- 2020: Revenue of $19.5M, expenses of $18.6M, and assets of $4.7M (revenue +11.5% year-over-year).
- 2019: Revenue of $17.5M, expenses of $17.3M, and assets of $4.3M (revenue +13.0% year-over-year).
- 2018: Revenue of $15.5M, expenses of $15.4M, and assets of $3.2M (revenue +13.8% year-over-year).
- 2017: Revenue of $13.6M, expenses of $13.3M, and assets of $3.1M (revenue +6.9% year-over-year).
- 2016: Revenue of $12.7M, expenses of $12.5M, and assets of $3.0M (revenue +5.7% year-over-year).
- 2015: Revenue of $12.0M, expenses of $11.6M, and assets of $3.1M (revenue +13.3% year-over-year).
- 2014: Revenue of $10.6M, expenses of $10.1M, and assets of $2.7M (revenue +34.0% year-over-year).
- 2013: Revenue of $7.9M, expenses of $8.1M, and assets of $3.7M (revenue -1.1% year-over-year).
- 2012: Revenue of $8.0M, expenses of $8.1M, and assets of $2.3M (revenue -11.7% year-over-year).
- 2011: Revenue of $9.1M, expenses of $8.9M, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Economic Opportunity Council Of Suffolk Inc:
Data Sources and Methodology
This transparency report for Economic Opportunity Council Of Suffolk 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.