Frequent operating deficits where expenses exceed revenue, indicating reliance on reserves or other funding sources.
Discrepancy between 'Latest Revenue' and reported 990 annual revenues, requiring clarification.
Strengths
Strong and stable asset base, consistently around $26-29 million.
Low liabilities relative to assets, indicating financial stability.
Long history of IRS 990 filings (13 filings), suggesting consistent compliance.
Spending Breakdown
How Bronx Overall Economic Development Corporation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
20%
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 Bronx Overall Economic Development Corporation
Is Bronx Overall Economic Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Bronx Overall Economic Development Corporation (EIN: 133079387) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Bronx Overall Economic Development Corporation a good charity to donate to?
Bronx Overall Economic Development Corporation has a Mission Score of 65/100. Revenue: $53.8M. Assets: $26.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bronx Overall Economic Development Corporation?
The Employer Identification Number (EIN) for Bronx Overall Economic Development Corporation is 133079387. 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 Bronx Overall Economic Development Corporation spend its money?
Bronx Overall Economic Development Corporation allocates 80% to programs, 20% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bronx Overall Economic Development Corporation's tax-exempt status?
You can verify Bronx Overall Economic Development Corporation's tax-exempt status using EIN 133079387 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 Bronx Overall Economic Development Corporation (BOEDC) demonstrates consistent financial activity, with annual revenues and expenses generally in the range of $1.2 million to $2.3 million over the past decade. While the latest reported revenue of $53,751,432 is significantly higher than its historical trend, this appears to be an outlier or a specific project-based influx, as the most recent 990 filing (202306) shows revenue of $1,719,593. The organization consistently reports zero officer compensation, which is unusual for an organization of its size and operational scope, potentially indicating that executive salaries are covered by a related entity or not directly reported on the 990. This lack of direct compensation reporting could impact transparency regarding leadership costs.
BOEDC's financial health appears stable, maintaining substantial assets, consistently around $26-29 million, with relatively low liabilities. In the 202306 period, assets were $26,832,621 against liabilities of $340,633, indicating a strong balance sheet. However, the organization has frequently operated with expenses exceeding revenue in several periods, such as 202306 ($2,193,454 expenses vs. $1,719,593 revenue) and 202206 ($1,748,198 expenses vs. $1,376,717 revenue), suggesting a reliance on prior year surpluses or asset utilization to cover operational gaps. The consistent reporting of zero officer compensation across all filings raises questions about the full picture of administrative costs and executive oversight.