Finger Lakes Area Community Endowment
Finger Lakes Area Community Endowment maintains strong asset growth and zero liabilities with no reported officer compensation.
EIN: 161467675 · Canandaigua, NY · NTEE: T30 · Updated: 2026-03-28
Is Finger Lakes Area Community Endowment Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Finger Lakes Area Community Endowment directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Finger Lakes Area Community Endowment
Finger Lakes Area Community Endowment (EIN: 161467675) is a nonprofit organization based in Canandaigua, NY, classified under NTEE code T30. The organization reported total revenue of $9.9M and total assets of $20.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Finger Lakes Area Community Endowment'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 Finger Lakes Area Community Endowment with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, Finger Lakes Area Community Endowment allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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, indicating that no officers received compensation from the organization. This suggests a highly volunteer-driven leadership or that compensation for key personnel is covered through other means, which is a strong positive for resource allocation.
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 Finger Lakes Area Community Endowment:
- Consistent asset growth, reaching over $20 million in 202312.
- Zero liabilities reported across all filing periods, indicating strong financial stability.
- 0% officer compensation reported, suggesting high efficiency in directing funds to mission.
- Positive net assets (Assets exceed Liabilities) in all reported periods.
- Long history of IRS 990 filings (13 filings), indicating consistent compliance and transparency.
Frequently Asked Questions about Finger Lakes Area Community Endowment
Is Finger Lakes Area Community Endowment a legitimate charity?
Based on AI analysis of IRS 990 filings, Finger Lakes Area Community Endowment (EIN: 161467675) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Finger Lakes Area Community Endowment spend its money?
Finger Lakes Area Community Endowment directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Finger Lakes Area Community Endowment tax-deductible?
Finger Lakes Area Community Endowment is registered as a tax-exempt nonprofit (EIN: 161467675). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Finger Lakes Area Community Endowment a good charity?
Based on the provided IRS 990 data, Finger Lakes Area Community Endowment appears to be a very good charity. It exhibits strong financial health with growing assets, zero liabilities, and a remarkable commitment to not compensating its officers, suggesting a high percentage of funds are directed towards its programmatic mission.
How has the organization's asset base changed over time?
The organization's assets have shown significant growth, increasing from $8,481,320 in 201512 to $20,327,058 in 202312, more than doubling in less than a decade.
What is the organization's liability situation?
The Finger Lakes Area Community Endowment consistently reports $0 in liabilities across all available filing periods, indicating exceptional financial stability and no outstanding debts.
Does the organization compensate its officers?
No, the organization consistently reports 0% officer compensation across all 13 available IRS 990 filings, indicating that officers do not receive salaries from the endowment.
Filing History
IRS 990 filing history for Finger Lakes Area Community Endowment showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Finger Lakes Area Community Endowment's revenue has grown by 418%, moving from $881K to $4.6M. Total assets increased by 215.9% over the same period, from $6.4M to $20.3M. Total functional expenses rose by 381.4%, from $991K to $4.8M. In its most recent filing year (2023), Finger Lakes Area Community Endowment reported a deficit of $208K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $4.6M | $4.8M | $20.3M | $0 | — | — |
| 2022 | $4.7M | $5.3M | $20.4M | $0 | — | View 990 |
| 2021 | $6.7M | $3.9M | $22.0M | $0 | — | View 990 |
| 2020 | $4.7M | $3.3M | $17.8M | $0 | — | View 990 |
| 2019 | $6.7M | $3.7M | $15.9M | $0 | — | View 990 |
| 2018 | $5.4M | $4.2M | $11.8M | $0 | — | View 990 |
| 2017 | $3.8M | $2.6M | $11.2M | $0 | — | View 990 |
| 2016 | $2.2M | $1.5M | $9.5M | $0 | — | View 990 |
| 2015 | $2.3M | $3.1M | $8.5M | $0 | — | View 990 |
| 2014 | $3.0M | $2.1M | $9.9M | $0 | — | View 990 |
| 2013 | $3.3M | $1.7M | $9.3M | $0 | — | View 990 |
| 2012 | $1.7M | $1.4M | $7.2M | $0 | — | View 990 |
| 2011 | $881K | $991K | $6.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.6M, expenses of $4.8M, and assets of $20.3M (revenue -3.5% year-over-year).
- 2022: Revenue of $4.7M, expenses of $5.3M, and assets of $20.4M (revenue -29.7% year-over-year).
- 2021: Revenue of $6.7M, expenses of $3.9M, and assets of $22.0M (revenue +44.3% year-over-year).
- 2020: Revenue of $4.7M, expenses of $3.3M, and assets of $17.8M (revenue -30.3% year-over-year).
- 2019: Revenue of $6.7M, expenses of $3.7M, and assets of $15.9M (revenue +24.0% year-over-year).
- 2018: Revenue of $5.4M, expenses of $4.2M, and assets of $11.8M (revenue +42.5% year-over-year).
- 2017: Revenue of $3.8M, expenses of $2.6M, and assets of $11.2M (revenue +71.2% year-over-year).
- 2016: Revenue of $2.2M, expenses of $1.5M, and assets of $9.5M (revenue -5.5% year-over-year).
- 2015: Revenue of $2.3M, expenses of $3.1M, and assets of $8.5M (revenue -22.0% year-over-year).
- 2014: Revenue of $3.0M, expenses of $2.1M, and assets of $9.9M (revenue -8.4% year-over-year).
- 2013: Revenue of $3.3M, expenses of $1.7M, and assets of $9.3M (revenue +90.2% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.4M, and assets of $7.2M (revenue +95.4% year-over-year).
- 2011: Revenue of $881K, expenses of $991K, and assets of $6.4M.
Data Sources and Methodology
This transparency report for Finger Lakes Area Community Endowment 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.