Net assets decreased by $6,075 in 2023 and $56,805 in 2022, indicating a concerning trend of financial decline.
Total expenses exceeded revenue in both 2023 ($121,605 expenses vs. $115,530 revenue) and 2022 ($133,742 expenses vs. $76,937 revenue), leading to operational deficits.
No information on executive compensation or key employee salaries is publicly available, hindering accountability.
The organization reported 0% lobbying and 0% political campaign activities, but the lack of detailed financial transparency makes it difficult to verify.
Strengths
The organization has been in operation for several years, indicating some level of community presence.
Spending Breakdown
How Canaan Borders Riders Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
15%
Admin Costs
Reasonable — admin costs in check
15%
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 Canaan Borders Riders Inc
Is Canaan Borders Riders Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Canaan Borders Riders Inc (EIN: 222507216) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 1 strength noted.
Is Canaan Borders Riders Inc a good charity to donate to?
Canaan Borders Riders Inc has a Mission Score of 45/100. Revenue: $51K. Assets: $189K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Canaan Borders Riders Inc?
The Employer Identification Number (EIN) for Canaan Borders Riders Inc is 222507216. 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 Canaan Borders Riders Inc spend its money?
Canaan Borders Riders Inc allocates 70% to programs, 15% to administration, and 15% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Canaan Borders Riders Inc's tax-exempt status?
You can verify Canaan Borders Riders Inc's tax-exempt status using EIN 222507216 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
Canaan Borders Riders Inc is a recreation & sports nonprofit based in Canaan, Vermont, with reported revenue of $51K and assets of $189K. Our AI analysis assigns a Mission Score of 45/100 (Fair). Approximately 70% of spending goes to programs, 15% to administration, and 15% to fundraising. Executive compensation details are not disclosed in available filings, making it impossible to assess fairness or alignment with organizational performance. Revenue has declined -29% across 3 filing periods.