Quick charity verification for Boone County Community Foundation (EIN: 204973846)
Verdict: Boone County Community Foundation appears trustworthy
88/100Mission Score
$15.0MRevenue
$15.4MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent asset growth over time, from $1,920,405 in 2015 to $9,428,545 in 2023.
Zero reported officer compensation across all available filings, indicating high efficiency in leadership costs.
Expenses consistently lower than revenue, demonstrating sound financial management and sustainability.
Strong financial reserves with assets significantly exceeding liabilities.
Spending Breakdown
How Boone County Community 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 Boone County Community Foundation
Is Boone County Community Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Boone County Community Foundation (EIN: 204973846) appears trustworthy. Mission Score: 88/100. 0 red flags identified, 4 strengths noted.
Is Boone County Community Foundation a good charity to donate to?
Boone County Community Foundation has a Mission Score of 88/100. Revenue: $15.0M. Assets: $15.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Boone County Community Foundation?
The Employer Identification Number (EIN) for Boone County Community Foundation is 204973846. 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 Boone County Community Foundation spend its money?
Boone County Community Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Boone County Community Foundation's tax-exempt status?
You can verify Boone County Community Foundation's tax-exempt status using EIN 204973846 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 Boone County Community Foundation demonstrates a generally healthy financial position, with assets consistently growing over the past decade, reaching $9,428,545 in 2023. The organization's revenue has fluctuated significantly year-to-year, with a notable peak of $2,671,054 in 2016 and $2,579,358 in 2018, contrasting with lower figures like $184,429 in 2019 and $563,142 in 2023. This volatility is common for community foundations that rely on donations and investment returns. The foundation consistently spends less than its revenue, indicating sound financial management and a focus on building its endowment, as evidenced by the substantial growth in assets relative to expenses. For instance, in 2023, expenses were $451,498 against revenue of $563,142, contributing to asset growth. The absence of reported officer compensation suggests a strong volunteer or low-cost leadership model, enhancing donor confidence regarding administrative efficiency.