Regional Economic Community Action Program Inc
Regional Economic Community Action Program Inc maintains stable finances with consistent revenue and assets, reporting 0% officer compensation.
EIN: 141493667 · Middletown, NY · NTEE: P34Z · Updated: 2026-03-28
Is Regional Economic Community Action Program Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Regional Economic Community Action Program Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Regional Economic Community Action Program Inc
Regional Economic Community Action Program Inc (EIN: 141493667) is a nonprofit organization based in Middletown, NY, classified under NTEE code P34Z. The organization reported total revenue of $12.8M and total assets of $10.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Regional Economic Community Action Program 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 Regional Economic Community Action Program Inc with a Mission Score of 80 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, Regional Economic Community Action Program 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.
Executive Compensation Analysis
The consistent reporting of 0% for Officer Compensation across all available filings is unusual for an organization of this size ($10M+ annual revenue). This suggests either that executive compensation is not reported in this specific field, is included within general salary expenses, or that officers are genuinely unpaid, which would be highly efficient.
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 Regional Economic Community Action Program Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided summary data
- Unclear executive compensation reporting (0% officer comp requires further investigation)
Strengths
The following positive indicators were identified for Regional Economic Community Action Program Inc:
- Consistent revenue generation and growth (from $7.1M in 2017 to $10.8M in 2023)
- Healthy and growing asset base ($6.7M in 2014 to $8.6M in 2023)
- Long operational history (13 filings provided)
- Positive net assets (Assets consistently exceed Liabilities, e.g., $8.6M assets vs $4.3M liabilities in 2023)
- Mission-aligned NTEE code (P34Z - Community Development Corporations)
Frequently Asked Questions about Regional Economic Community Action Program Inc
Is Regional Economic Community Action Program Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Regional Economic Community Action Program Inc (EIN: 141493667) some concerns. Mission Score: 80/100. 2 red flags identified, 5 strengths noted.
How does Regional Economic Community Action Program Inc spend its money?
Regional Economic Community Action Program Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Regional Economic Community Action Program Inc tax-deductible?
Regional Economic Community Action Program Inc is registered as a tax-exempt nonprofit (EIN: 141493667). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Regional Economic Community Action Program Inc a good charity?
Based on the available data, RECAP appears to be a financially stable organization with a long operational history and consistent revenue generation. The reported 0% officer compensation is a positive indicator of potential efficiency, though a full 990 review would clarify executive pay. Its mission as a Community Action Program suggests direct community benefit.
How does RECAP's financial health compare to similar nonprofits?
RECAP demonstrates consistent revenue growth from $7.1M in 2017 to $10.8M in 2023, and a healthy asset base of $8.6M in 2023. This indicates strong financial stability and capacity, which generally compares favorably to many nonprofits of similar scale.
What is the trend in RECAP's assets and liabilities?
RECAP's assets have shown a general upward trend, from $6.7M in 2014 to $8.6M in 2023, indicating growth in its financial base. Liabilities have fluctuated but remained manageable relative to assets, with a liabilities-to-assets ratio of approximately 0.5 in 2023 ($4.3M liabilities / $8.6M assets).
What does 'Officer Comp=0%' mean for RECAP?
The 'Officer Comp=0%' reported across all filings is a significant data point. It could mean that the organization's top executives are unpaid volunteers, or more commonly, that their compensation is categorized under general salaries and wages rather than specifically as 'officer compensation' in the summarized data. A full IRS 990 would be needed to determine the actual compensation of key employees.
Filing History
IRS 990 filing history for Regional Economic Community Action Program Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Regional Economic Community Action Program Inc's revenue has grown by 4.2%, moving from $10.4M to $10.9M. Total assets decreased by 0% over the same period, from $8.7M to $8.7M. Total functional expenses rose by 2.4%, from $10.7M to $10.9M. In its most recent filing year (2023), Regional Economic Community Action Program Inc reported a deficit of $38K, with expenses exceeding revenue. The organization holds $4.4M in liabilities against $8.7M in assets (debt-to-asset ratio: 50.8%), resulting in net assets of $4.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $10.9M | $10.9M | $8.7M | $4.4M | — | View 990 |
| 2022 | $10.0M | $9.5M | $9.1M | $4.7M | — | View 990 |
| 2021 | $10.3M | $9.4M | $8.7M | $4.9M | — | View 990 |
| 2020 | $9.5M | $9.8M | $7.7M | $4.8M | — | View 990 |
| 2019 | $8.8M | $9.2M | $7.9M | $4.7M | — | View 990 |
| 2018 | $8.7M | $8.2M | $8.5M | $4.9M | — | View 990 |
| 2017 | $7.2M | $7.7M | $9.1M | $5.9M | — | View 990 |
| 2016 | $7.8M | $7.9M | $8.4M | $4.4M | — | View 990 |
| 2015 | $8.6M | $7.9M | $7.4M | $3.4M | — | View 990 |
| 2014 | $7.9M | $8.3M | $6.7M | $3.5M | — | View 990 |
| 2013 | $8.6M | $8.7M | $7.5M | $3.9M | — | View 990 |
| 2012 | $11.7M | $11.4M | $8.6M | $4.8M | — | View 990 |
| 2011 | $10.4M | $10.7M | $8.7M | $5.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.9M, expenses of $10.9M, and assets of $8.7M (revenue +8.3% year-over-year).
- 2022: Revenue of $10.0M, expenses of $9.5M, and assets of $9.1M (revenue -2.2% year-over-year).
- 2021: Revenue of $10.3M, expenses of $9.4M, and assets of $8.7M (revenue +7.8% year-over-year).
- 2020: Revenue of $9.5M, expenses of $9.8M, and assets of $7.7M (revenue +8.7% year-over-year).
- 2019: Revenue of $8.8M, expenses of $9.2M, and assets of $7.9M (revenue +0.6% year-over-year).
- 2018: Revenue of $8.7M, expenses of $8.2M, and assets of $8.5M (revenue +21.0% year-over-year).
- 2017: Revenue of $7.2M, expenses of $7.7M, and assets of $9.1M (revenue -7.9% year-over-year).
- 2016: Revenue of $7.8M, expenses of $7.9M, and assets of $8.4M (revenue -9.5% year-over-year).
- 2015: Revenue of $8.6M, expenses of $7.9M, and assets of $7.4M (revenue +9.4% year-over-year).
- 2014: Revenue of $7.9M, expenses of $8.3M, and assets of $6.7M (revenue -7.8% year-over-year).
- 2013: Revenue of $8.6M, expenses of $8.7M, and assets of $7.5M (revenue -26.6% year-over-year).
- 2012: Revenue of $11.7M, expenses of $11.4M, and assets of $8.6M (revenue +11.6% year-over-year).
- 2011: Revenue of $10.4M, expenses of $10.7M, and assets of $8.7M.
Data Sources and Methodology
This transparency report for Regional Economic Community Action Program 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.