Schenectady Inner City Ministry

Is Schenectady Inner City Ministry Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Schenectady Inner City Ministry directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Schenectady Inner City Ministry

Schenectady Inner City Ministry (EIN: 141548263) is a nonprofit organization based in Schenectady, NY. The organization reported total revenue of $3.2M and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Schenectady Inner City Ministry'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 Schenectady Inner City Ministry with a Mission Score of 85 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, Schenectady Inner City Ministry 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

Schenectady Inner City Ministry consistently reports 0% for officer compensation across all available filings, which is highly unusual for an organization of its size with over $2.7 million in annual revenue. This suggests either a fully volunteer executive leadership or that compensation is structured in a way that falls below IRS reporting thresholds for officers, which could impact transparency regarding leadership costs.

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 Schenectady Inner City Ministry's IRS 990 filings:

• Consistent reporting of 0% officer compensation for an organization of this size, which may obscure actual leadership costs if compensation is paid through other means or to non-officer roles.

Strengths

The following positive indicators were identified for Schenectady Inner City Ministry:

• Consistent revenue growth over the past decade, from $1.6M in 2014 to $2.7M in 2023.
• Healthy asset growth, reaching $3.58M in 2023.
• Consistent filing of IRS 990s, indicating good regulatory compliance.
• No reported officer compensation, suggesting a strong commitment to program spending or volunteer leadership.

Frequently Asked Questions about Schenectady Inner City Ministry

Filing History

IRS 990 filing history for Schenectady Inner City Ministry showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Schenectady Inner City Ministry's revenue has grown by 92.7%, moving from $1.4M to $2.7M. Total assets increased by 91.4% over the same period, from $1.9M to $3.6M. Total functional expenses rose by 79%, from $1.6M to $2.9M. In its most recent filing year (2023), Schenectady Inner City Ministry reported a deficit of $137K, with expenses exceeding revenue. The organization holds $195K in liabilities against $3.6M in assets (debt-to-asset ratio: 5.4%), resulting in net assets of $3.4M.

Year-by-Year Financial Summary

• 2023: Revenue of $2.7M, expenses of $2.9M, and assets of $3.6M (revenue +0.3% year-over-year).
• 2022: Revenue of $2.7M, expenses of $2.7M, and assets of $3.6M (revenue +9.4% year-over-year).
• 2021: Revenue of $2.5M, expenses of $2.1M, and assets of $3.7M (revenue -2.8% year-over-year).
• 2020: Revenue of $2.6M, expenses of $1.6M, and assets of $3.0M (revenue +37.6% year-over-year).
• 2019: Revenue of $1.9M, expenses of $1.7M, and assets of $2.0M (revenue +16.2% year-over-year).
• 2018: Revenue of $1.6M, expenses of $1.8M, and assets of $1.9M (revenue -10.1% year-over-year).
• 2017: Revenue of $1.8M, expenses of $1.9M, and assets of $2.1M (revenue -11.1% year-over-year).
• 2016: Revenue of $2.0M, expenses of $2.0M, and assets of $2.0M (revenue +5.4% year-over-year).
• 2015: Revenue of $1.9M, expenses of $1.8M, and assets of $1.9M (revenue +16.5% year-over-year).
• 2014: Revenue of $1.6M, expenses of $1.7M, and assets of $1.8M (revenue +9.3% year-over-year).
• 2013: Revenue of $1.5M, expenses of $1.6M, and assets of $1.8M (revenue +0.4% year-over-year).
• 2012: Revenue of $1.5M, expenses of $1.6M, and assets of $1.8M (revenue +5.0% year-over-year).
• 2011: Revenue of $1.4M, expenses of $1.6M, and assets of $1.9M.

Data Sources and Methodology

This transparency report for Schenectady Inner City Ministry 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.