Quick charity verification for Basalt Education Foundation (EIN: 201638963)
Verdict: Basalt Education Foundation appears trustworthy
90/100Mission Score
$563KRevenue
$881KAssets
1Red Flags
5Strengths
Red Flags
Periods of expenses exceeding revenue (e.g., 2015, 2020) indicate occasional operational deficits, though these have not hindered long-term asset growth.
Strengths
Consistent revenue growth, from $134,043 in 2014 to $306,435 in 2023, demonstrates strong fundraising and community support.
Significant asset accumulation, growing from $134,877 in 2014 to $747,239 in 2023, indicates financial stability and capacity.
0% reported officer compensation across all filings, suggesting a high proportion of funds are directed to programmatic activities.
Low liabilities in recent years (e.g., $5,000 in 2023) indicate sound financial management and minimal debt burden.
Positive net income in most recent years (e.g., $71,910 in 2023) contributes to building reserves and future program capacity.
Spending Breakdown
How Basalt Education Foundation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Basalt Education Foundation
Is Basalt Education Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Basalt Education Foundation (EIN: 201638963) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is Basalt Education Foundation a good charity to donate to?
Basalt Education Foundation has a Mission Score of 90/100. Revenue: $563K. Assets: $881K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Basalt Education Foundation?
The Employer Identification Number (EIN) for Basalt Education Foundation is 201638963. 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 Basalt Education Foundation spend its money?
Basalt Education Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Basalt Education Foundation's tax-exempt status?
You can verify Basalt Education Foundation's tax-exempt status using EIN 201638963 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 Basalt Education Foundation demonstrates consistent growth in revenue and assets over the past decade, indicating a stable financial trajectory. For the latest reported period (202312), the organization generated $306,435 in revenue against $234,525 in expenses, resulting in a surplus that contributed to an increase in assets to $747,239. This trend of revenue exceeding expenses is generally positive, suggesting sound financial management and an ability to build reserves. The organization's liabilities have remained relatively low in recent years, further strengthening its financial position.
Spending efficiency appears strong, with no reported officer compensation, which suggests that resources are primarily directed towards programmatic activities and operational needs rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the overall financial health, marked by growing assets and controlled liabilities, points to effective resource utilization. The consistent growth in assets, from $134,877 in 2014 to $747,239 in 2023, reflects a healthy accumulation of resources.
Transparency is generally good given the availability of multiple years of IRS 990 filings. The absence of officer compensation is a notable positive indicator for transparency and public trust. The organization's consistent filing history and clear financial trends contribute to a positive assessment of its commitment to public accountability.