Quick charity verification for Advance Colorado Fund Inc (EIN: 208096501)
Verdict: Advance Colorado Fund Inc appears trustworthy
75/100Mission Score
$140KRevenue
$55KAssets
3Red Flags
3Strengths
Red Flags
Consistent operational deficits in recent years (e.g., 2019 expenses $152,512 vs. revenue $140,081).
Declining asset base over the past several years, from $113,765 in 2014 to $54,783 in 2019.
Lack of detailed expense breakdown beyond total expenses, making it difficult to fully assess spending efficiency.
Strengths
Zero officer compensation reported across all filings, indicating a highly efficient use of funds in this area.
No reported liabilities in recent filings, suggesting good debt management.
Consistent filing of IRS 990 forms, demonstrating transparency.
Spending Breakdown
How Advance Colorado Fund Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Advance Colorado Fund Inc
Is Advance Colorado Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Advance Colorado Fund Inc (EIN: 208096501) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is Advance Colorado Fund Inc a good charity to donate to?
Advance Colorado Fund Inc has a Mission Score of 75/100. Revenue: $140K. Assets: $55K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Advance Colorado Fund Inc?
The Employer Identification Number (EIN) for Advance Colorado Fund Inc is 208096501. 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 Advance Colorado Fund Inc spend its money?
Advance Colorado Fund Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Advance Colorado Fund Inc's tax-exempt status?
You can verify Advance Colorado Fund Inc's tax-exempt status using EIN 208096501 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
Advance Colorado Fund Inc. demonstrates a consistent operational pattern with revenues generally exceeding expenses in earlier years, but a trend of expenses slightly surpassing revenues in more recent filings. For instance, in 2019, expenses were $152,512 against revenues of $140,081, indicating a deficit for the year. This trend of operating at a slight deficit has been observed since 2017, which could impact long-term financial stability if not addressed. The organization maintains a healthy asset base relative to its revenue, with $54,783 in assets and no reported liabilities in its latest filing, suggesting good financial management in terms of debt. The consistent reporting of 0% officer compensation across all available filings indicates a commitment to minimizing administrative overhead in this area, enhancing transparency regarding how funds are allocated.
Spending efficiency appears to be reasonable, especially given the lack of officer compensation. However, without a detailed breakdown of expenses beyond total expenses, it's challenging to precisely assess the program spending ratio. The consistent decline in assets from a high of $113,765 in 2014 to $54,783 in 2019, alongside the recurring operational deficits, suggests that the organization may be drawing down its reserves to cover expenses. This trend warrants closer monitoring to ensure sustainability.
Overall, the organization exhibits good transparency through its consistent IRS 990 filings and the clear reporting of no officer compensation. While the financial health shows a recent trend of expenses exceeding revenue, the absence of liabilities and a solid asset base provide some buffer. The primary area for improvement would be to reverse the trend of operational deficits to ensure long-term financial viability.