Strong asset growth, increasing from $478,630 in 2014 to $1,134,925 in 2023.
Low expenses relative to revenue, suggesting efficient operations (e.g., $63,814 expenses vs. $264,608 revenue in 2022).
Healthy financial reserves with assets significantly exceeding liabilities (e.g., $1,134,925 assets vs. $210 liabilities in 2023).
Spending Breakdown
How Bolduc Park Association allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
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 Bolduc Park Association
Is Bolduc Park Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Bolduc Park Association (EIN: 20475974) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
Is Bolduc Park Association a good charity to donate to?
Bolduc Park Association has a Mission Score of 95/100. Revenue: $216K. Assets: $1.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bolduc Park Association?
The Employer Identification Number (EIN) for Bolduc Park Association is 20475974. 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 Bolduc Park Association spend its money?
Bolduc Park Association allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bolduc Park Association's tax-exempt status?
You can verify Bolduc Park Association's tax-exempt status using EIN 20475974 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
Bolduc Park Association demonstrates strong financial health and efficient spending based on its IRS 990 filings. The organization consistently maintains a healthy asset base, growing from $478,630 in 2014 to $1,134,925 in 2023, indicating sound financial management and accumulation of resources. Revenue has fluctuated but generally shows an upward trend, with a notable peak of $264,608 in 2022, demonstrating an ability to attract funding. Expenses have remained relatively low compared to revenue, suggesting efficient operations.
The organization's spending efficiency is excellent, with a consistent pattern of low expenses relative to revenue. For example, in 2023, expenses were $68,901 against revenues of $97,986, and in 2022, expenses were $63,814 against revenues of $264,608. This indicates that a significant portion of funds is retained or directly applied to its mission rather than being consumed by overhead. The consistent reporting of 0% officer compensation across all filings is a strong indicator of transparency and a commitment to minimizing administrative costs, further enhancing its financial health and public trust.