Quick charity verification for Brunswick Development Corporation (EIN: 10498822)
Verdict: Brunswick Development Corporation shows mixed signals
45/100Mission Score
$0Revenue
$0Assets
3Red Flags
2Strengths
Red Flags
Significant operating deficit in the last reported period ($14,032 revenue vs. $41,998 expenses).
Latest reported revenue and assets are $0, raising concerns about current operational status.
Lack of recent financial data makes current financial health assessment difficult.
Strengths
No reported officer compensation, indicating lean executive overhead.
Substantial asset base ($1,002,805 in 201706) could provide a buffer if managed effectively.
Spending Breakdown
How Brunswick Development Corporation allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
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 Brunswick Development Corporation
Is Brunswick Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Brunswick Development Corporation (EIN: 10498822) shows mixed signals. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
Is Brunswick Development Corporation a good charity to donate to?
Brunswick Development Corporation has a Mission Score of 45/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Brunswick Development Corporation?
The Employer Identification Number (EIN) for Brunswick Development Corporation is 10498822. 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 Brunswick Development Corporation spend its money?
Brunswick Development Corporation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Brunswick Development Corporation's tax-exempt status?
You can verify Brunswick Development Corporation's tax-exempt status using EIN 10498822 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
Brunswick Development Corporation appears to be in a challenging financial position based on its latest available IRS 990 data. In the 201706 period, the organization reported $14,032 in revenue against $41,998 in expenses, indicating a significant operating deficit. While the organization holds over $1 million in assets, the lack of recent revenue and the negative operating margin raise concerns about its sustainability and ability to fund its programs going forward. The absence of reported officer compensation suggests a volunteer-led or very lean operational structure, which can be a positive for efficiency if programs are still being delivered effectively. However, the overall financial health, particularly the revenue generation, needs improvement for long-term viability.
Given the NTEE code S30 (Community Development Corporations), the organization's mission likely involves local economic or community improvement. Without more detailed expense breakdowns, it's difficult to fully assess spending efficiency. However, the substantial asset base with minimal recent revenue and significant expenses points to a potential reliance on past funding or a period of dormancy. Transparency is generally good with public 990 filings, but the lack of more recent financial activity makes a current assessment difficult. The organization's ability to generate revenue to cover its expenses is a primary concern.