Putnam County Legal Aid Society Inc
Putnam County Legal Aid Society Inc shows consistent revenue growth and strong asset-to-liability ratio with no reported officer compensation.
EIN: 141493807 · Carmel, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.5M |
| Program Spending | 90% |
| Net Assets | $1.6M |
| Transparency Score | 92/100 |
Is Putnam County Legal Aid Society Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Putnam County Legal Aid Society Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Putnam County Legal Aid Society Inc
Putnam County Legal Aid Society Inc (EIN: 141493807) is a nonprofit organization based in Carmel, NY. The organization reported total revenue of $1.8M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Putnam County Legal Aid Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Putnam County Legal Aid Society Inc is a mid-size nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$333K |
| Total Assets | $1.7M |
| Total Liabilities | $67K |
| Net Assets | $1.6M |
| Operating Margin | 18.0% |
| Debt-to-Asset Ratio | 4.0% |
| Months of Reserves | 13.4 months |
Financial Health Grade: A
In 2023, Putnam County Legal Aid Society Inc reported a surplus of $333K with revenue exceeding expenses, holds 13.4 months of operating reserves (strong position), has a debt-to-asset ratio of 4.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Putnam County Legal Aid Society Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.0% | +8.3% | +26.4% |
| 2022 | +26.6% | +7.0% | +65.8% |
| 2021 | +9.1% | +4.1% | +39.9% |
| 2020 | +21.5% | +9.7% | +35.7% |
| 2019 | +11.0% | +5.9% | -10.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 Putnam County Legal Aid Society 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Putnam County Legal Aid Society Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $333K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size and revenue, suggesting a volunteer-led executive structure or that compensation is reported under other categories.
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 Putnam County Legal Aid Society Inc's IRS 990 filings:
- Lack of detailed breakdown for program vs. administrative expenses in provided data
- Unusually low liabilities relative to assets, which could indicate conservative accounting or specific funding structures
Strengths
The following positive indicators were identified for Putnam County Legal Aid Society Inc:
- Consistent and significant revenue growth over the past decade
- Strong financial stability with high assets relative to liabilities (e.g., $1,688,596 assets vs. $66,839 liabilities in 2023)
- No reported officer compensation, indicating a high dedication of funds to mission or volunteer leadership
- Positive net income in most recent years (e.g., $1,845,670 revenue vs. $1,512,548 expenses in 2023)
Frequently Asked Questions about Putnam County Legal Aid Society Inc
Is Putnam County Legal Aid Society Inc a legitimate charity?
Putnam County Legal Aid Society Inc (EIN: 141493807) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.8M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Putnam County Legal Aid Society Inc spend its money?
Putnam County Legal Aid Society Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Putnam County Legal Aid Society Inc tax-deductible?
Putnam County Legal Aid Society Inc is registered as a tax-exempt nonprofit (EIN: 141493807). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Putnam County Legal Aid Society Inc located?
Putnam County Legal Aid Society Inc is headquartered in Carmel, New York and files with the IRS under EIN 141493807.
How many years of IRS 990 filings does Putnam County Legal Aid Society Inc have?
Putnam County Legal Aid Society 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 $1.8M in total revenue.
Is Putnam County Legal Aid Society Inc a good charity?
Based on the available IRS 990 data, Putnam County Legal Aid Society Inc appears to be a financially healthy and efficient charity. It demonstrates consistent revenue growth, strong asset management, and a notable commitment to directing resources to its mission by reporting no officer compensation.
How has the organization's revenue changed over time?
The organization has experienced significant and consistent revenue growth, increasing from $781,871 in 2014 to $1,845,670 in 2023, indicating growing support and capacity.
What is the organization's financial stability?
Putnam County Legal Aid Society Inc exhibits strong financial stability, with assets of $1,688,596 in 2023 significantly outweighing liabilities of $66,839, resulting in a very healthy asset-to-liability ratio.
Does the organization pay its officers?
According to all available IRS 990 filings, the organization consistently reports 0% officer compensation, suggesting that officers are either unpaid volunteers or their compensation is categorized differently.
Filing History
IRS 990 filing history for Putnam County Legal Aid Society Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Putnam County Legal Aid Society Inc's revenue has grown by 210.8%, moving from $594K to $1.8M. Total assets increased by 1494.3% over the same period, from $106K to $1.7M. Total functional expenses rose by 157.2%, from $588K to $1.5M. In its most recent filing year (2023), Putnam County Legal Aid Society Inc reported a surplus of $333K, with revenue exceeding expenses. The organization holds $67K in liabilities against $1.7M in assets (debt-to-asset ratio: 4.0%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.5M | $1.7M | $67K | — | — |
| 2022 | $1.9M | $1.4M | $1.3M | $47K | — | — |
| 2021 | $1.5M | $1.3M | $806K | $43K | — | View 990 |
| 2020 | $1.4M | $1.3M | $576K | $27K | — | View 990 |
| 2019 | $1.1M | $1.1M | $424K | $14K | — | View 990 |
| 2018 | $1.0M | $1.1M | $476K | $67K | — | View 990 |
| 2017 | $739K | $847K | $502K | $46K | — | View 990 |
| 2016 | $937K | $760K | $583K | $18K | — | View 990 |
| 2015 | $991K | $779K | $411K | $24K | — | View 990 |
| 2014 | $782K | $760K | $175K | $0 | — | View 990 |
| 2013 | $677K | $633K | $153K | $458 | — | View 990 |
| 2012 | $620K | $607K | $108K | $0 | — | View 990 |
| 2011 | $594K | $588K | $106K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.5M, and assets of $1.7M (revenue -4.0% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.4M, and assets of $1.3M (revenue +26.6% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.3M, and assets of $806K (revenue +9.1% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.3M, and assets of $576K (revenue +21.5% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $424K (revenue +11.0% year-over-year).
- 2018: Revenue of $1.0M, expenses of $1.1M, and assets of $476K (revenue +39.7% year-over-year).
- 2017: Revenue of $739K, expenses of $847K, and assets of $502K (revenue -21.2% year-over-year).
- 2016: Revenue of $937K, expenses of $760K, and assets of $583K (revenue -5.4% year-over-year).
- 2015: Revenue of $991K, expenses of $779K, and assets of $411K (revenue +26.7% year-over-year).
- 2014: Revenue of $782K, expenses of $760K, and assets of $175K (revenue +15.5% year-over-year).
- 2013: Revenue of $677K, expenses of $633K, and assets of $153K (revenue +9.2% year-over-year).
- 2012: Revenue of $620K, expenses of $607K, and assets of $108K (revenue +4.4% year-over-year).
- 2011: Revenue of $594K, expenses of $588K, and assets of $106K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Putnam County Legal Aid Society Inc:
Data Sources and Methodology
This transparency report for Putnam County Legal Aid Society 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.