Is Barren County Educational Foundation Inc Legit?
Quick charity verification for Barren County Educational Foundation Inc (EIN: 202351623)
Verdict: Barren County Educational Foundation Inc appears trustworthy
95/100Mission Score
$1.2MRevenue
$2.6MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, from $265,896 in 2014 to $1,932,861 in 2023.
0% officer compensation reported across all filings, maximizing program spending.
No reported liabilities, indicating strong financial management.
Expenses consistently lower than revenue, allowing for healthy asset accumulation.
Clear and consistent IRS 990 filing history, demonstrating transparency.
Spending Breakdown
How Barren County Educational Foundation Inc allocates its funds across programs, administration, and fundraising.
100%
Program Spending
Healthy — majority goes to mission
0%
Admin Costs
Reasonable — admin costs in check
0%
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 Barren County Educational Foundation Inc
Is Barren County Educational Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Barren County Educational Foundation Inc (EIN: 202351623) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Barren County Educational Foundation Inc a good charity to donate to?
Barren County Educational Foundation Inc has a Mission Score of 95/100. Revenue: $1.2M. Assets: $2.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Barren County Educational Foundation Inc?
The Employer Identification Number (EIN) for Barren County Educational Foundation Inc is 202351623. 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 Barren County Educational Foundation Inc spend its money?
Barren County Educational Foundation Inc allocates 100% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Barren County Educational Foundation Inc's tax-exempt status?
You can verify Barren County Educational Foundation Inc's tax-exempt status using EIN 202351623 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 Barren County Educational Foundation Inc demonstrates consistent financial growth and strong program focus based on its IRS 990 filings. Over the past decade, the organization has seen its assets grow significantly from $265,896 in 2014 to $1,932,861 in 2023, indicating effective asset management and donor confidence. Revenue has also shown a positive trend, with the latest reported revenue at $465,417 in 2023, contributing to its overall financial stability.
The foundation exhibits excellent spending efficiency, with expenses consistently well below revenue, allowing for asset accumulation. For instance, in 2023, expenses were $252,441 against $465,417 in revenue. A key indicator of its commitment to its mission is the 0% officer compensation reported across all available filings, suggesting that all resources are directed towards its educational programs. This practice significantly enhances its spending efficiency and demonstrates a high level of financial prudence.
Transparency appears to be a strong suit, given the consistent filing of IRS 990s and the clear reporting of zero liabilities and zero officer compensation. This level of detail provides a clear picture of the organization's financial operations, allowing stakeholders to easily assess its financial health and commitment to its mission. The absence of liabilities further underscores its sound financial management.