Is Broad Avenue Community And Economic Development Corp Legit?
Quick charity verification for Broad Avenue Community And Economic Development Corp (EIN: 204964031)
Verdict: Broad Avenue Community And Economic Development Corp appears trustworthy
75/100Mission Score
$93KRevenue
$480KAssets
3Red Flags
3Strengths
Red Flags
Significant fluctuation in revenue and expenses without clear explanation in provided data
High liabilities relative to recent operating revenue ($224,629 liabilities vs. $30,899 revenue in 2023)
Consistent 0% officer compensation, which is unusual for an organization with substantial assets and activity, potentially indicating reliance on unpaid staff or alternative compensation structures not detailed.
Strengths
Consistent reporting of 0% officer compensation, indicating direct allocation of funds away from executive salaries.
Significant growth in assets over time, from $14,287 in 2011 to $457,219 in 2023, demonstrating asset accumulation.
Positive net assets (Assets - Liabilities) in most recent filings ($457,219 - $224,629 = $232,590 in 2023).
Spending Breakdown
How Broad Avenue Community And Economic Development Corp allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Broad Avenue Community And Economic Development Corp
Is Broad Avenue Community And Economic Development Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Broad Avenue Community And Economic Development Corp (EIN: 204964031) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is Broad Avenue Community And Economic Development Corp a good charity to donate to?
Broad Avenue Community And Economic Development Corp has a Mission Score of 75/100. Revenue: $93K. Assets: $480K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Broad Avenue Community And Economic Development Corp?
The Employer Identification Number (EIN) for Broad Avenue Community And Economic Development Corp is 204964031. 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 Broad Avenue Community And Economic Development Corp spend its money?
Broad Avenue Community And Economic Development Corp allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Broad Avenue Community And Economic Development Corp's tax-exempt status?
You can verify Broad Avenue Community And Economic Development Corp's tax-exempt status using EIN 204964031 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
Broad Avenue Community And Economic Development Corp demonstrates a fluctuating financial history, with significant revenue and expense spikes in 2021 ($432,061 revenue, $430,231 expenses) compared to other years. The organization consistently reports 0% officer compensation across all available filings, which is a positive indicator of resource allocation directly to mission-related activities rather than executive salaries. However, the most recent filings (2022 and 2023) show a substantial decrease in revenue and expenses, suggesting a potential scaling back of operations or a shift in funding. The organization's assets have grown significantly over time, from $14,287 in 2011 to $457,219 in 2023, indicating good asset management, but liabilities have also increased, reaching $224,629 in 2023. The lack of detailed expense breakdowns in the provided data makes a precise assessment of spending efficiency challenging, but the consistent absence of officer compensation is a strong point for transparency regarding executive pay.