Is Atchison Riverfront Development Foundation Inc Legit?
Quick charity verification for Atchison Riverfront Development Foundation Inc (EIN: 201767685)
Verdict: Atchison Riverfront Development Foundation Inc shows mixed signals
45/100Mission Score
$328KRevenue
$900KAssets
4Red Flags
3Strengths
Red Flags
Negative revenue reported in 2023 ($-87,663) and 2022 ($-5,428), indicating financial losses.
Significant decline in assets from $969,834 in 2021 to $805,880 in 2023.
Unusual consistent $1 liability reported in recent filings.
Lack of detailed expense breakdown to assess program efficiency.
Strengths
Consistent reporting of 0% officer compensation, indicating a volunteer-led or very lean executive structure.
Long filing history (9 filings), suggesting a commitment to transparency over time.
Relatively low overall expenses compared to asset base in earlier years.
Spending Breakdown
How Atchison Riverfront Development Foundation 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 Atchison Riverfront Development Foundation Inc
Is Atchison Riverfront Development Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Atchison Riverfront Development Foundation Inc (EIN: 201767685) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
Is Atchison Riverfront Development Foundation Inc a good charity to donate to?
Atchison Riverfront Development Foundation Inc has a Mission Score of 45/100. Revenue: $328K. Assets: $900K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Atchison Riverfront Development Foundation Inc?
The Employer Identification Number (EIN) for Atchison Riverfront Development Foundation Inc is 201767685. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Atchison Riverfront Development Foundation Inc spend its money?
Atchison Riverfront Development Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Atchison Riverfront Development Foundation Inc's tax-exempt status?
You can verify Atchison Riverfront Development Foundation Inc's tax-exempt status using EIN 201767685 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Atchison Riverfront Development Foundation Inc exhibits a concerning financial trend with negative revenue reported in its two most recent filings ($-87,663 in 2023 and $-5,428 in 2022). This indicates that the organization is losing money, which is unsustainable in the long term. While expenses have remained relatively low, ranging from $43,399 to $52,274 in recent years, the consistent negative revenue suggests a significant challenge in generating income or managing financial inflows effectively. The organization's assets have fluctuated, reaching a high of $969,834 in 2021 but declining to $805,880 in 2023, which is a decrease of over 16% in two years. This decline, coupled with negative revenue, raises questions about the organization's ability to sustain its operations and mission.
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program service expenses versus administrative and fundraising costs, which are not provided in the summary data. However, the low overall expense figures relative to its asset base suggest that operational costs are not excessively high. The consistent reporting of $0 in officer compensation across all filings indicates a volunteer-led or very lean executive structure, which can be a positive for efficiency. Transparency appears to be adequate in terms of filing history, with 9 filings available, but the lack of detailed expense categories limits a deeper analysis of how funds are allocated. The consistent $1 liability reported in recent years is unusual and might warrant further investigation into its accounting practices.
Overall, the financial health of the Atchison Riverfront Development Foundation Inc appears precarious due to the recent negative revenue trends. While executive compensation is not a concern, the organization needs to address its revenue generation challenges to ensure long-term viability and impact. The decline in assets alongside negative revenue is a significant red flag that needs to be monitored closely.