Cara Program Rating Summary
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Cara Program Rating Summary

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Cara Program Rating Summary Presentation Transcript

  • 1. NPI Evaluation of The Cara Program NPI Rating: BUY Evaluation as of 1/8/11 Analyst: Annie Lee www.nonprofitinvestor.org
  • 2. NPI Rating: BUYTCP has proven to be effective in helping break thecycle of poverty and homelessness in the Chicago Areathrough its job training and retention services, socialenterprises, community centers and its partnershipswith other organizations. NPI highly recommendsmaking a monetary donation, volunteering for one ofTCP’s programs, and/or hiring TCP graduates. www.nonprofitinvestor.org
  • 3. The Cara Program: Strengths▲ Extensive program offerings. Through its many programs, TCP offers a wealth of resources and continuous support to its students and graduates, even after a permanent job placement has been found.▲ Proven track record since inception. TCP has successfully placed 2,800 individuals affected by homelessness and poverty into full- time, permanent jobs in the Chicago area with an average of 75% retention rate during first year of employment.▲ A strong network of sponsors. TCP is supported by many major donors, including founder Tom Owens’ the Owens Foundation.▲ Detailed and frequent performance updates. TCP consistently provides quarterly updates on its overall program performance. www.nonprofitinvestor.org
  • 4. The Cara Program: Cautions● Unclear data tracking methods. While TCP offers many data points, the methodology in which the data is derived is yet unclear. Additionally, there seems to be inconsistency in the way revenue and expenses were presented in 2009 annual report versus audited financial report of the same period.● Limited funding sources. As TCP is operating close to full capacity (expenses were 94% of revenue in 2009) and a substantial portion of its funding comes from four donors, TCP may benefit from diversifying its funding sources. www.nonprofitinvestor.org
  • 5. More Information• Access the full research report for free here: nonprofitinvestor.org/TCP• To provide feedback on the report, please either comment directly on our website or contact us directly: nonprofitinvestor.org/contact www.nonprofitinvestor.org
  • 6. About NPI• Nonprofit Investor publishes detailed, peer-reviewed evaluations of charities written by business leaders with due diligence expertise. All research reports are free to download: nonprofitinvestor.org/research• Follow NPI: – Twitter: @nonprofitinvest – Quora Blog: nonprofitinvestor.quora.com – Facebook: facebook.com/nonprofitinvestor• NPI is a 501(c)(3) charity (EIN: 45‐3627609) www.nonprofitinvestor.org