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.
Spending Breakdown
How Colfax Downtown Association allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
12%
Admin Costs
Reasonable — admin costs in check
8%
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 Colfax Downtown Association
Is Colfax Downtown Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Colfax Downtown Association (EIN: 113789453) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
Is Colfax Downtown Association a good charity to donate to?
Colfax Downtown Association has a Mission Score of 85/100. Revenue: $478K. Assets: $2.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Colfax Downtown Association?
The Employer Identification Number (EIN) for Colfax Downtown Association is 113789453. 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 Colfax Downtown Association spend its money?
Colfax Downtown Association allocates 80% to programs, 12% to administration, and 8% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Colfax Downtown Association's tax-exempt status?
You can verify Colfax Downtown Association's tax-exempt status using EIN 113789453 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 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.