Quick charity verification for Caribou Economic Growth Council (EIN: 10531191)
Verdict: Caribou Economic Growth Council appears trustworthy
85/100Mission Score
$49KRevenue
$1.2MAssets
2Red Flags
4Strengths
Red Flags
Fluctuating and sometimes negative annual revenue (e.g., -$13,014 in 2020)
Lack of detailed spending breakdown in provided summary to fully assess program efficiency
Strengths
Strong and consistent asset base ($1,188,099 latest)
Consistent 0% officer compensation, indicating efficient use of funds
Long and consistent IRS 990 filing history (13 filings), demonstrating transparency
Liabilities consistently low relative to assets
Spending Breakdown
How Caribou Economic Growth Council 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 Caribou Economic Growth Council
Is Caribou Economic Growth Council a legitimate charity?
Based on AI analysis of IRS 990 filings, Caribou Economic Growth Council (EIN: 10531191) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Caribou Economic Growth Council a good charity to donate to?
Caribou Economic Growth Council has a Mission Score of 85/100. Revenue: $49K. Assets: $1.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Caribou Economic Growth Council?
The Employer Identification Number (EIN) for Caribou Economic Growth Council is 10531191. 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 Caribou Economic Growth Council spend its money?
Caribou Economic Growth Council allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Caribou Economic Growth Council's tax-exempt status?
You can verify Caribou Economic Growth Council's tax-exempt status using EIN 10531191 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 Caribou Economic Growth Council demonstrates consistent financial stability with assets significantly outweighing liabilities, though its revenue streams are relatively modest and fluctuate year-to-year. For instance, in 2023, the organization reported $37,219 in revenue against $27,878 in expenses, contributing to its substantial asset base of $1,183,894. The organization's spending efficiency appears strong, with expenses generally well below its asset base, indicating a focus on maintaining its long-term financial health. However, the specific breakdown of program versus administrative and fundraising expenses is not detailed in the provided summary, making a precise assessment of spending efficiency challenging without further data. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-led or very lean executive structure, which is a positive indicator for donor confidence and resource allocation directly to its mission. The organization's transparency is good, with a consistent filing history over 13 periods, providing a clear financial record.