Is Banana Kelly Community Improvement Association Inc Legit?

Quick charity verification for Banana Kelly Community Improvement Association Inc (EIN: 132934000)

Verdict: Banana Kelly Community Improvement Association Inc appears trustworthy

85/100Mission Score

$3.3MRevenue

$3.0MAssets

2Red Flags

4Strengths

Red Flags

Significant deficit in 2021 ($1,571,719 difference between expenses and revenue) warrants further investigation.
Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data limits full spending efficiency analysis.

Strengths

Consistent reporting of 0% officer compensation, indicating strong resource allocation to mission.
Generally stable financial performance with revenues often exceeding expenses in recent years (e.g., 2023 revenue $3,421,054 vs. expenses $3,327,186).
Healthy growth in assets over the decade, from $1,942,489 in 2014 to $3,459,764 in 2023.
Consistent annual IRS 990 filings demonstrate good compliance and transparency.

Spending Breakdown

How Banana Kelly Community Improvement Association Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

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 Banana Kelly Community Improvement Association Inc

Is Banana Kelly Community Improvement Association Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Banana Kelly Community Improvement Association Inc (EIN: 132934000) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Banana Kelly Community Improvement Association Inc a good charity to donate to?

Banana Kelly Community Improvement Association Inc has a Mission Score of 85/100. Revenue: $3.3M. Assets: $3.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Banana Kelly Community Improvement Association Inc?

The Employer Identification Number (EIN) for Banana Kelly Community Improvement Association Inc is 132934000. 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 Banana Kelly Community Improvement Association Inc spend its money?

Banana Kelly Community Improvement Association Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Banana Kelly Community Improvement Association Inc's tax-exempt status?

You can verify Banana Kelly Community Improvement Association Inc's tax-exempt status using EIN 132934000 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

Banana Kelly Community Improvement Association Inc demonstrates a generally stable financial position, with revenues consistently exceeding or closely matching expenses in most recent years. For instance, in 2023, revenue was $3,421,054 against expenses of $3,327,186, indicating a slight surplus. However, there was a significant deficit in 2021, with expenses of $4,275,037 far exceeding revenue of $2,703,318, which warrants further investigation into the cause and how it was managed. The organization's assets have shown growth over the decade, from $1,942,489 in 2014 to $3,459,764 in 2023, suggesting a healthy accumulation of resources. Liabilities have also increased but remain manageable relative to assets.

The organization's spending efficiency appears to be strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This indicates that executive leadership is either entirely volunteer-based or compensated through other means not categorized as 'officer compensation' on the 990, which is a positive sign for resource allocation directly to mission-related activities. The absence of reported officer compensation also contributes positively to transparency, as it clearly indicates that a significant portion of funds is not being diverted to high executive salaries. However, without a detailed breakdown of program, administrative, and fundraising expenses, a complete assessment of spending efficiency is limited.

Transparency is generally good, with consistent annual filings available. The consistent reporting of zero officer compensation is a notable positive. To further enhance transparency, the organization could provide more detailed breakdowns of its functional expenses, allowing stakeholders to better understand the allocation of funds across programs, administration, and fundraising. This would provide a clearer picture of how efficiently the organization is utilizing its resources to achieve its mission.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.