Is Anderson County Corn Festival Inc Legit?…

Quick charity verification for Anderson County Corn Festival Inc (EIN: 201811872)

Spending Breakdown

How Anderson County Corn Festival Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

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 Anderson County Corn Festival Inc

Is Anderson County Corn Festival Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Anderson County Corn Festival Inc (EIN: 201811872) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.

Is Anderson County Corn Festival Inc a good charity to donate to?

Anderson County Corn Festival Inc has a Mission Score of 75/100. Revenue: $200K. Assets: $18K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Anderson County Corn Festival Inc?

The Employer Identification Number (EIN) for Anderson County Corn Festival Inc is 201811872. 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 Anderson County Corn Festival Inc spend its money?

Anderson County Corn Festival Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Anderson County Corn Festival Inc's tax-exempt status?

You can verify Anderson County Corn Festival Inc's tax-exempt status using EIN 201811872 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

Anderson County Corn Festival Inc appears to be a small, community-focused organization with fluctuating financial activity. In its latest filing (202312), the organization reported revenue of $12,363 against expenses of $36,335, indicating a deficit for the period. This trend of expenses exceeding revenue is also seen in 201912 ($11,729 revenue vs. $17,469 expenses) and 201612 ($3,484 revenue vs. $18,245 expenses). While the organization's assets are modest at $20,617 in 202312, it consistently reports $0 in liabilities, suggesting a healthy balance sheet free of debt.

The organization's financial health is characterized by its small scale and event-driven revenue, which can lead to year-to-year variability. For example, revenue dropped significantly from $45,631 in 202212 to $12,363 in 202312. The consistent reporting of 0% officer compensation across all available filings indicates a volunteer-driven leadership, which is a positive sign for spending efficiency as it minimizes administrative overhead related to salaries. However, without a detailed breakdown of expenses, it's challenging to fully assess program spending efficiency.

Transparency appears to be adequate through its regular IRS 990 filings. The consistent reporting of key financial metrics, including revenue, expenses, assets, liabilities, and officer compensation, provides a clear, albeit high-level, picture of its financial operations. The absence of officer compensation is a strong indicator of a lean operational structure, which generally benefits the allocation of resources towards its mission.

Is Anderson County Corn Festival Inc Legit?

Verdict: Anderson County Corn Festival Inc appears trustworthy

Red Flags

Strengths