Quick charity verification for Colfax Downtown Association (EIN: 113789453)
Verdict: Colfax Downtown Association appears trustworthy
85/100Mission Score
$478KRevenue
$2.0MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Strong asset base of $2,045,621 providing financial stability.
High program spending ratio of 80%, indicating efficient use of funds for its mission.
Consistent revenue of $478,080 supporting ongoing operations.
Good transparency through public IRS 990 filings.
AI Transparency Report
The Colfax Downtown Association demonstrates a solid financial foundation with assets of over $2 million against annual revenue of $478,080. This suggests good asset management and stability. The organization's spending efficiency appears strong, with a significant majority of expenses directed towards program services, indicating a commitment to its mission. Transparency is generally good, as evidenced by the availability of their IRS 990 data, which allows for public scrutiny of their financial activities and executive compensation. Overall, the organization appears to be in good financial health and operates with a focus on its stated programs.