Is Bishop Gorman Development Corporation Legit?

Quick charity verification for Bishop Gorman Development Corporation (EIN: 200409835)

Verdict: Bishop Gorman Development Corporation appears trustworthy

75/100Mission Score

$4.7MRevenue

$57.9MAssets

3Red Flags

3Strengths

Red Flags

Extreme volatility in annual revenue, making financial forecasting challenging.
Consistent reporting of zero officer compensation, which is unusual for an organization of this size and asset base, potentially obscuring leadership costs.
Significant liabilities relative to assets, indicating a considerable debt burden.

Strengths

Substantial and growing asset base, reaching $53,406,205 in 2023, providing financial stability.
Generally low expenses relative to revenue in recent years, suggesting efficient operational spending.
Long filing history (13 filings) indicates consistent compliance with IRS reporting requirements.

Spending Breakdown

How Bishop Gorman Development Corporation 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 Bishop Gorman Development Corporation

Is Bishop Gorman Development Corporation a legitimate charity?

Based on AI analysis of IRS 990 filings, Bishop Gorman Development Corporation (EIN: 200409835) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.

Is Bishop Gorman Development Corporation a good charity to donate to?

Bishop Gorman Development Corporation has a Mission Score of 75/100. Revenue: $4.7M. Assets: $57.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Bishop Gorman Development Corporation?

The Employer Identification Number (EIN) for Bishop Gorman Development Corporation is 200409835. 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 Bishop Gorman Development Corporation spend its money?

Bishop Gorman Development Corporation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Bishop Gorman Development Corporation's tax-exempt status?

You can verify Bishop Gorman Development Corporation's tax-exempt status using EIN 200409835 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

Bishop Gorman Development Corporation exhibits a complex financial profile. While the organization consistently reports substantial assets, reaching $53,406,205 in 2023, its revenue and expense figures show significant volatility. For instance, revenue fluctuated wildly from a negative $2,380,778 in 2017 to a high of $16,758,128 in 2019, and $13,119,971 in 2022, before settling at $7,893,541 in 2023. This variability makes consistent financial planning and performance assessment challenging. The organization's expenses have generally remained low relative to its revenue in most recent years, such as $1,670,378 in 2023 against $7,893,541 in revenue, suggesting efficient operational spending when revenue is high. However, the lack of reported officer compensation across all filings indicates either a volunteer-led executive team or compensation being reported under different categories, which could impact transparency regarding leadership costs.

The organization's financial health appears stable due to its substantial asset base, which has consistently been in the tens of millions, reaching $57,887,328 in the latest available data. However, liabilities are also significant, such as $32,370,052 in 2023, indicating a considerable debt burden relative to its assets. The NTEE code W11 (Support for Private Elementary & Secondary Schools) suggests its primary function is to support educational institutions. Without a detailed breakdown of program service expenses versus administrative and fundraising costs, it's difficult to fully assess spending efficiency in terms of mission delivery. The consistent reporting of zero officer compensation across all filings is unusual for an organization of this size and asset base, potentially raising questions about how leadership is compensated or if it's entirely volunteer-driven, which would be a positive indicator of dedication.

Overall, Bishop Gorman Development Corporation demonstrates strong asset accumulation and generally low operational expenses relative to its revenue in recent years. The significant fluctuations in revenue, however, warrant closer examination to understand their sources and sustainability. The absence of reported officer compensation is a notable point for transparency, as it could either signify highly efficient, volunteer-led governance or a reporting method that obscures executive remuneration. Further detail on program spending would be beneficial for a complete assessment of its impact and efficiency.

View Full Transparency Report →

Disclaimer

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