Is 100 X Development Foundation Legit? —…

Quick charity verification for 100 X Development Foundation (EIN: 201926718)

Spending Breakdown

How 100 X Development Foundation allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about 100 X Development Foundation

Is 100 X Development Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, 100 X Development Foundation (EIN: 201926718) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.

Is 100 X Development Foundation a good charity to donate to?

100 X Development Foundation has a Mission Score of 75/100. Revenue: $221K. Assets: $208K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for 100 X Development Foundation?

The Employer Identification Number (EIN) for 100 X Development Foundation is 201926718. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does 100 X Development Foundation spend its money?

100 X Development Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify 100 X Development Foundation's tax-exempt status?

You can verify 100 X Development Foundation's tax-exempt status using EIN 201926718 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

100 X Development Foundation exhibits a fluctuating financial history, with significant swings in revenue and expenses over the past decade. While the organization reported zero officer compensation across all available filings, which is a positive indicator for donor confidence regarding executive pay, its financial stability has varied. For instance, in 2020, expenses ($494,179) significantly outstripped revenue ($324,126), leading to a substantial deficit. Conversely, in 2021, revenue ($292,733) exceeded expenses ($210,073), indicating a more favorable financial year.

The organization's asset base has also seen considerable volatility, peaking at $498,877 in 2019 and then declining to $390,065 in 2021. The latest reported revenue of $221,388 is lower than the previous year's $292,733, suggesting a potential downward trend in funding. Without detailed breakdowns of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency. However, the consistent reporting of zero officer compensation suggests a commitment to minimizing overhead in that specific area.

Overall, 100 X Development Foundation appears to be a transparent organization regarding executive compensation, but its financial health shows periods of both growth and contraction. Donors should consider the long-term trends in revenue and expenses, as well as the organization's ability to maintain a stable asset base, when evaluating its financial sustainability. The lack of liabilities in recent years (2020 and 2021) is a positive sign, indicating good financial management in that regard.

Is 100 X Development Foundation Legit?

Verdict: 100 X Development Foundation appears trustworthy

Red Flags

Strengths