Is Centralina Economic Development Commission Inc Legit?
Quick charity verification for Centralina Economic Development Commission Inc (EIN: 203344901)
Verdict: Centralina Economic Development Commission Inc appears trustworthy
85/100Mission Score
$190KRevenue
$75KAssets
2Red Flags
4Strengths
Red Flags
Significant year-over-year revenue volatility (e.g., $577,620 in 2022 down to $228,144 in 2023) could indicate reliance on unpredictable funding sources.
Lack of detailed functional expense breakdown in summary data limits full spending efficiency analysis.
Strengths
Consistent 0% officer compensation across all filings demonstrates a strong commitment to directing funds towards the mission.
Expenses closely match revenue annually, indicating efficient utilization of funds rather than excessive accumulation.
Consistent IRS 990 filing history (13 filings) shows strong regulatory compliance and transparency.
Maintained positive net assets in most years, indicating financial stability despite revenue fluctuations.
Spending Breakdown
How Centralina Economic Development Commission Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Centralina Economic Development Commission Inc
Is Centralina Economic Development Commission Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Centralina Economic Development Commission Inc (EIN: 203344901) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Centralina Economic Development Commission Inc a good charity to donate to?
Centralina Economic Development Commission Inc has a Mission Score of 85/100. Revenue: $190K. Assets: $75K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Centralina Economic Development Commission Inc?
The Employer Identification Number (EIN) for Centralina Economic Development Commission Inc is 203344901. 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 Centralina Economic Development Commission Inc spend its money?
Centralina Economic Development Commission Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Centralina Economic Development Commission Inc's tax-exempt status?
You can verify Centralina Economic Development Commission Inc's tax-exempt status using EIN 203344901 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
Centralina Economic Development Commission Inc demonstrates a consistent operational pattern with revenues closely matching expenses over the past several years, indicating a focus on utilizing funds rather than accumulating significant reserves. For instance, in 2023, revenue was $228,144 against expenses of $227,207. The organization's assets have fluctuated, reaching a high of $175,906 in 2021 before decreasing to $45,176 in 2023. This fluctuation, alongside varying liabilities, suggests dynamic financial management. The consistent reporting of 0% officer compensation across all available filings is a notable aspect of its financial transparency and operational model.
The organization's spending efficiency appears to be high, given the tight margins between revenue and expenses. While a detailed breakdown of program, administrative, and fundraising expenses is not explicitly provided in the summary data, the overall financial picture suggests that the majority of funds are expended annually on its mission. The absence of officer compensation further enhances the perception of efficient resource allocation, as a significant portion of funds is not diverted to executive salaries.
Transparency is strong regarding executive compensation, with no reported officer compensation. However, without a detailed functional expense breakdown (program, admin, fundraising) in the provided data, a complete assessment of spending efficiency across categories is limited. The consistent filing of IRS 990s over 13 periods indicates a commitment to regulatory compliance and public disclosure.