Is Colebrook Downtown Development Associatioon Inc Legit?
Quick charity verification for Colebrook Downtown Development Associatioon Inc (EIN: 20523427)
Verdict: Colebrook Downtown Development Associatioon Inc shows mixed signals
65/100Mission Score
$16KRevenue
$202KAssets
3Red Flags
3Strengths
Red Flags
Consistent decline in assets from $272,121 in 2011 to $201,817 in 2020.
Expenses consistently exceed revenue in most recent periods (e.g., $14,546 expenses vs. $8,437 revenue in 2020), indicating deficit spending.
Significant long-term decline in revenue from $34,219 in 2011 to $8,437 in 2020.
Strengths
Consistent filing of IRS 990 forms, demonstrating transparency.
0% reported officer compensation across all filings, suggesting efficient use of funds at the leadership level.
Long operational history with 7 filings available, indicating established presence.
Spending Breakdown
How Colebrook Downtown Development Associatioon Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
20%
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 Colebrook Downtown Development Associatioon Inc
Is Colebrook Downtown Development Associatioon Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Colebrook Downtown Development Associatioon Inc (EIN: 20523427) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Colebrook Downtown Development Associatioon Inc a good charity to donate to?
Colebrook Downtown Development Associatioon Inc has a Mission Score of 65/100. Revenue: $16K. Assets: $202K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Colebrook Downtown Development Associatioon Inc?
The Employer Identification Number (EIN) for Colebrook Downtown Development Associatioon Inc is 20523427. 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 Colebrook Downtown Development Associatioon Inc spend its money?
Colebrook Downtown Development Associatioon Inc allocates 75% to programs, 20% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Colebrook Downtown Development Associatioon Inc's tax-exempt status?
You can verify Colebrook Downtown Development Associatioon Inc's tax-exempt status using EIN 20523427 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
Colebrook Downtown Development Association Inc. appears to be a small, community-focused organization with a consistent decline in revenue and assets over the past decade. While its latest reported revenue is $16,050, its assets have decreased from $272,121 in 2011 to $201,817 in 2020, indicating a gradual reduction in its financial base. The organization consistently reports expenses exceeding revenue in most recent periods, such as $14,546 in expenses against $8,437 in revenue in 2020, suggesting it is drawing down on its reserves or relying on prior period surpluses.
The organization demonstrates good transparency by consistently filing its IRS 990 forms. Its financial health, however, shows a trend of contraction, with revenue dropping from $34,219 in 2011 to $8,437 in 2020 (excluding the latest reported $16,050 which is higher than 2020 but still below historical levels). The absence of reported officer compensation across all filings suggests that leadership may be volunteer-based or compensated through other means not captured as officer compensation, which can be a positive indicator of resource allocation to mission, assuming other compensation is not excessive. However, the consistent deficit spending is a concern for long-term sustainability.