Is Capitol Riverfront Business Improvement District Legit?
Quick charity verification for Capitol Riverfront Business Improvement District (EIN: 205712546)
Verdict: Capitol Riverfront Business Improvement District appears trustworthy
85/100Mission Score
$5.0MRevenue
$3.6MAssets
1Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported, which is unusual for an organization with nearly $5 million in annual revenue and warrants further scrutiny regarding executive compensation practices.
Strengths
Consistent revenue growth, increasing from $2.86 million in 2014 to $4.68 million in 2023, indicating strong financial support.
Positive net income in most years, demonstrating effective financial management and sustainability.
Significant growth in assets from $1.32 million in 2014 to $3.64 million in 2023, enhancing long-term stability.
Stable financial health with expenses generally below revenue, as seen in 2023 ($4,679,100 revenue vs. $4,556,328 expenses).
Spending Breakdown
How Capitol Riverfront Business Improvement District 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 Capitol Riverfront Business Improvement District
Is Capitol Riverfront Business Improvement District a legitimate charity?
Based on AI analysis of IRS 990 filings, Capitol Riverfront Business Improvement District (EIN: 205712546) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Capitol Riverfront Business Improvement District a good charity to donate to?
Capitol Riverfront Business Improvement District has a Mission Score of 85/100. Revenue: $5.0M. Assets: $3.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Capitol Riverfront Business Improvement District?
The Employer Identification Number (EIN) for Capitol Riverfront Business Improvement District is 205712546. 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 Capitol Riverfront Business Improvement District spend its money?
Capitol Riverfront Business Improvement District allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Capitol Riverfront Business Improvement District's tax-exempt status?
You can verify Capitol Riverfront Business Improvement District's tax-exempt status using EIN 205712546 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
Capitol Riverfront Business Improvement District demonstrates consistent financial growth and appears to be in a stable financial position. Over the past decade, revenue has steadily increased from $2,862,134 in 2014 to $4,679,100 in 2023, indicating strong community support or effective revenue generation strategies. The organization consistently operates with a positive net income, with expenses generally tracking below revenue, as seen in 2023 where revenue was $4,679,100 against expenses of $4,556,328. This suggests prudent financial management and an ability to cover operational costs.
The organization's assets have also shown significant growth, from $1,322,199 in 2014 to $3,644,475 in 2023, while liabilities have also increased, though at a slower rate, maintaining a healthy asset-to-liability ratio. The consistent reporting of 0% officer compensation across all filings is a notable aspect of its transparency and financial structure, indicating that executive leadership is either unpaid or compensated through other means not classified as officer compensation on the 990, which warrants further investigation for a complete picture. Overall, the organization appears financially sound and well-managed, with a clear trend of growth and operational efficiency.