Is Central Oklahoma Workforce Investment…

Quick charity verification for Central Oklahoma Workforce Investment Board Inc (EIN: 202127210)

Strengths

Consistent multi-million dollar revenue generation over a decade, demonstrating significant operational scale and funding capacity.
Zero reported officer compensation across all filings, suggesting a strong commitment to directing funds towards program services rather than executive salaries.
Long history of IRS 990 filings (13 periods), indicating a commitment to regulatory compliance and transparency.
Significant growth in assets from $571,728 in 201506 to $3,782,198 in 202306, indicating an expansion of organizational capacity.

Spending Breakdown

How Central Oklahoma Workforce Investment Board Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Central Oklahoma Workforce Investment Board Inc

Is Central Oklahoma Workforce Investment Board Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Central Oklahoma Workforce Investment Board Inc (EIN: 202127210) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.

Is Central Oklahoma Workforce Investment Board Inc a good charity to donate to?

Central Oklahoma Workforce Investment Board Inc has a Mission Score of 75/100. Revenue: $13.2M. Assets: $1.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Central Oklahoma Workforce Investment Board Inc?

The Employer Identification Number (EIN) for Central Oklahoma Workforce Investment Board Inc is 202127210. 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 Central Oklahoma Workforce Investment Board Inc spend its money?

Central Oklahoma Workforce Investment Board Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Central Oklahoma Workforce Investment Board Inc's tax-exempt status?

You can verify Central Oklahoma Workforce Investment Board Inc's tax-exempt status using EIN 202127210 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

Central Oklahoma Workforce Investment Board Inc. demonstrates a consistent operational profile, with revenues and expenses generally tracking closely over the past decade. In the latest filing (202306), the organization reported revenues of $13,560,460 against expenses of $14,667,792, indicating a deficit for that period. However, prior years like 202206 showed a surplus ($10,316,235 revenue vs. $9,609,269 expenses), suggesting fluctuations in annual financial performance. The organization's assets have shown growth, reaching $3,782,198 in 202306, though liabilities have also increased to $4,086,152, resulting in negative net assets for that period. This trend of liabilities exceeding assets in some periods warrants closer examination.

The organization's spending efficiency appears to be focused on its program delivery, as indicated by the absence of reported officer compensation across all filings, suggesting that a significant portion of funds is directed towards its mission rather than executive salaries. While specific program spending ratios are not detailed in the provided data, the overall financial activity suggests a lean operational model. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to regulatory transparency.

However, the recurring pattern of liabilities sometimes exceeding assets, as seen in 202306 ($4,086,152 liabilities vs. $3,782,198 assets) and other periods, could indicate potential liquidity challenges or reliance on short-term funding. While not necessarily a red flag for all nonprofits, it's a financial characteristic that merits attention for long-term sustainability. The organization's consistent revenue generation, often in the multi-million dollar range, indicates a significant scale of operations in workforce development.

Is Central Oklahoma Workforce Investment Board Inc Legit?

Verdict: Central Oklahoma Workforce Investment Board Inc appears trustworthy

Red Flags