Monsignor Carr Institute
Monsignor Carr Institute consistently operates at a deficit with liabilities often exceeding assets.
EIN: 161115950 · Buffalo, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.8M |
| Total Expenses | $7.3M |
| Program Spending | 85% |
| Net Assets | $-952,660 |
| Transparency Score | 65/100 |
Is Monsignor Carr Institute Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Monsignor Carr Institute directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Monsignor Carr Institute
Monsignor Carr Institute (EIN: 161115950) is a nonprofit organization based in Buffalo, NY. The organization reported total revenue of $5.8M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Monsignor Carr Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Monsignor Carr Institute is a mid-size nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.3M |
| Total Expenses | $7.3M |
| Surplus / Deficit | $-15,895 |
| Total Assets | $2.2M |
| Total Liabilities | $3.1M |
| Net Assets | $-952,660 |
| Operating Margin | -0.2% |
| Debt-to-Asset Ratio | 143.4% |
| Months of Reserves | 3.6 months |
Financial Health Grade: C
In 2023, Monsignor Carr Institute reported a deficit of $16K with expenses exceeding revenue, holds 3.6 months of operating reserves (adequate), has a debt-to-asset ratio of 143.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Monsignor Carr Institute's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.4% | -0.3% | +44.5% |
| 2022 | -0.9% | +9.2% | +18.3% |
| 2021 | +32.6% | +10.8% | -8.5% |
| 2020 | +10.6% | +12.0% | +14.6% |
| 2019 | -9.4% | -1.9% | -9.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1946 |
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 Monsignor Carr Institute with a Mission Score of 65 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Monsignor Carr Institute 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 deficit of $16K, with expenses exceeding revenue.
- Debt-to-asset ratio: 143.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is a strong positive for directing resources to its mission.
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 Monsignor Carr Institute's IRS 990 filings:
- Consistent operational deficits (e.g., 202306: $7,279,892 expenses vs. $7,263,997 revenue).
- Liabilities frequently exceed assets (e.g., 202306: $3,147,125 liabilities vs. $2,194,465 assets).
- Fluctuating asset base with recent declines (e.g., from $2,463,217 in 2016 to $1,518,358 in 2022 before a slight recovery).
- Unknown NTEE code limits comparative analysis with peer organizations.
Strengths
The following positive indicators were identified for Monsignor Carr Institute:
- Consistent filing of IRS Form 990s over 13 periods, indicating transparency in reporting.
- 0% officer compensation reported across all filings, suggesting efficient use of funds for mission-related activities.
- Significant revenue generation, consistently in the multi-million dollar range.
Frequently Asked Questions about Monsignor Carr Institute
Is Monsignor Carr Institute a legitimate charity?
Monsignor Carr Institute (EIN: 161115950) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.8M. 4 red flags identified. 3 strengths noted. Financial health grade: C.
How does Monsignor Carr Institute spend its money?
Monsignor Carr Institute directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Monsignor Carr Institute tax-deductible?
Monsignor Carr Institute is registered as a tax-exempt nonprofit (EIN: 161115950). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Monsignor Carr Institute's spending goes to programs?
Monsignor Carr Institute directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Monsignor Carr Institute located?
Monsignor Carr Institute is headquartered in Buffalo, New York and files with the IRS under EIN 161115950.
How many years of IRS 990 filings does Monsignor Carr Institute have?
Monsignor Carr Institute 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 $5.8M in total revenue.
How does Monsignor Carr Institute cover its consistent operational deficits?
The filings show expenses frequently exceeding revenue (e.g., 202306: $7,279,892 expenses vs. $7,263,997 revenue). This suggests the organization may be drawing down on reserves, relying on non-operating income, or increasing liabilities to cover costs.
What is the long-term plan for addressing the high liabilities relative to assets?
In 202306, liabilities were $3,147,125 while assets were $2,194,465. This imbalance, which is common across several years, raises concerns about the organization's financial stability and ability to meet its obligations.
What are the specific program activities and their associated costs?
Without a detailed breakdown of expenses beyond the summary data, it's difficult to ascertain the exact nature and cost-effectiveness of the programs Monsignor Carr Institute delivers.
Filing History
IRS 990 filing history for Monsignor Carr Institute showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Monsignor Carr Institute's revenue has grown by 43.9%, moving from $5.0M to $7.3M. Total assets decreased by 47.1% over the same period, from $4.1M to $2.2M. Total functional expenses rose by 19.5%, from $6.1M to $7.3M. In its most recent filing year (2023), Monsignor Carr Institute reported a deficit of $16K, with expenses exceeding revenue. The organization holds $3.1M in liabilities against $2.2M in assets (debt-to-asset ratio: 143.4%), resulting in net assets of $-952,660.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.3M | $7.3M | $2.2M | $3.1M | — | View 990 |
| 2022 | $7.2M | $7.3M | $1.5M | $2.5M | — | View 990 |
| 2021 | $7.3M | $6.7M | $1.3M | $2.1M | — | View 990 |
| 2020 | $5.5M | $6.0M | $1.4M | $2.9M | — | View 990 |
| 2019 | $5.0M | $5.4M | $1.2M | $2.2M | — | View 990 |
| 2018 | $5.5M | $5.5M | $1.4M | $1.9M | — | View 990 |
| 2017 | $5.9M | $6.0M | $1.7M | $2.2M | — | View 990 |
| 2016 | $6.0M | $6.1M | $2.5M | $2.8M | — | View 990 |
| 2015 | $6.2M | $6.4M | $2.3M | $2.6M | — | View 990 |
| 2014 | $7.7M | $6.6M | $3.3M | $3.4M | — | View 990 |
| 2013 | $5.3M | $3.9M | $5.2M | $6.3M | — | View 990 |
| 2012 | $6.3M | $6.0M | $5.3M | $7.8M | — | View 990 |
| 2011 | $5.0M | $6.1M | $4.1M | $7.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.3M, expenses of $7.3M, and assets of $2.2M (revenue +0.4% year-over-year).
- 2022: Revenue of $7.2M, expenses of $7.3M, and assets of $1.5M (revenue -0.9% year-over-year).
- 2021: Revenue of $7.3M, expenses of $6.7M, and assets of $1.3M (revenue +32.6% year-over-year).
- 2020: Revenue of $5.5M, expenses of $6.0M, and assets of $1.4M (revenue +10.6% year-over-year).
- 2019: Revenue of $5.0M, expenses of $5.4M, and assets of $1.2M (revenue -9.4% year-over-year).
- 2018: Revenue of $5.5M, expenses of $5.5M, and assets of $1.4M (revenue -6.5% year-over-year).
- 2017: Revenue of $5.9M, expenses of $6.0M, and assets of $1.7M (revenue -2.3% year-over-year).
- 2016: Revenue of $6.0M, expenses of $6.1M, and assets of $2.5M (revenue -2.8% year-over-year).
- 2015: Revenue of $6.2M, expenses of $6.4M, and assets of $2.3M (revenue -19.2% year-over-year).
- 2014: Revenue of $7.7M, expenses of $6.6M, and assets of $3.3M (revenue +43.1% year-over-year).
- 2013: Revenue of $5.3M, expenses of $3.9M, and assets of $5.2M (revenue -14.8% year-over-year).
- 2012: Revenue of $6.3M, expenses of $6.0M, and assets of $5.3M (revenue +24.4% year-over-year).
- 2011: Revenue of $5.0M, expenses of $6.1M, and assets of $4.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Monsignor Carr Institute:
Data Sources and Methodology
This transparency report for Monsignor Carr Institute 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.