Is Broken Arrow Economic… | NonprofitSpending

Quick charity verification for Broken Arrow Economic Developmentcorporation (EIN: 205872308)

Spending Breakdown

How Broken Arrow Economic Developmentcorporation allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

10%

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 Broken Arrow Economic Developmentcorporation

Is Broken Arrow Economic Developmentcorporation a legitimate charity?

Based on AI analysis of IRS 990 filings, Broken Arrow Economic Developmentcorporation (EIN: 205872308) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.

Is Broken Arrow Economic Developmentcorporation a good charity to donate to?

Broken Arrow Economic Developmentcorporation has a Mission Score of 85/100. Revenue: $645K. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Broken Arrow Economic Developmentcorporation?

The Employer Identification Number (EIN) for Broken Arrow Economic Developmentcorporation is 205872308. 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 Broken Arrow Economic Developmentcorporation spend its money?

Broken Arrow Economic Developmentcorporation allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Broken Arrow Economic Developmentcorporation's tax-exempt status?

You can verify Broken Arrow Economic Developmentcorporation's tax-exempt status using EIN 205872308 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

Broken Arrow Economic Developmentcorporation demonstrates a fluctuating but generally positive financial trajectory, particularly in recent years. The organization's revenue has seen significant swings, from a low of $293,261 in 2019 to a high of $2,135,482 in 2022, before settling at $1,051,430 in 2023. This volatility suggests reliance on potentially inconsistent funding sources or project-based revenue. Despite these fluctuations, the organization has consistently maintained a healthy asset base, growing from $120,196 in 2019 to $1,816,043 in 2023, indicating effective asset management and accumulation.

The organization's spending efficiency appears strong, with expenses generally tracking below or close to revenue, allowing for asset growth. For instance, in 2023, expenses were $978,653 against revenues of $1,051,430, resulting in a surplus. A notable aspect of its financial health is the consistent reporting of 0% officer compensation across all available filings, which enhances its transparency and suggests that leadership is either volunteer-based or compensated through other means not categorized as officer compensation on the 990, which would require further investigation for full clarity. The significant increase in assets and revenue in recent years, particularly the jump in assets from $261,269 in 2021 to $1,786,898 in 2022, points to substantial growth or a major capital infusion.

Is Broken Arrow Economic Developmentcorporation Legit?

Verdict: Broken Arrow Economic Developmentcorporation appears trustworthy

Red Flags

Strengths