Quick charity verification for College For Kids Inc (EIN: 208077416)
Verdict: College For Kids Inc appears trustworthy
90/100Mission Score
$2.7MRevenue
$12.2MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Strong and consistent revenue growth, from $1.2M in 2015 to $4.5M in 2024.
Significant asset accumulation, nearly doubling from $6M in 2020 to $11.8M in 2024.
No reported officer compensation across all filings, indicating efficient use of funds.
Consistent surpluses, with revenue significantly exceeding expenses in most recent periods (e.g., $4.5M revenue vs. $1.5M expenses in 2024).
Low liabilities relative to assets, indicating strong financial stability.
Spending Breakdown
How College For Kids Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 College For Kids Inc
Is College For Kids Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, College For Kids Inc (EIN: 208077416) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is College For Kids Inc a good charity to donate to?
College For Kids Inc has a Mission Score of 90/100. Revenue: $2.7M. Assets: $12.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for College For Kids Inc?
The Employer Identification Number (EIN) for College For Kids Inc is 208077416. 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 College For Kids Inc spend its money?
College For Kids Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify College For Kids Inc's tax-exempt status?
You can verify College For Kids Inc's tax-exempt status using EIN 208077416 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
College For Kids Inc demonstrates strong financial health and efficient spending, particularly in its program delivery. Over the past five years, the organization has consistently reported revenues exceeding expenses, leading to a substantial growth in assets from $6,030,813 in 2020 to $11,797,072 in 2024. This indicates effective financial management and an ability to build reserves. The most recent filing (202406) shows revenue of $4,503,212 against expenses of $1,524,113, resulting in a significant surplus that further strengthens its financial position.
The organization's spending efficiency appears robust, with a high proportion of expenses likely directed towards its programs, given the absence of reported officer compensation. While a detailed functional expense breakdown is not provided in the summary data, the consistent surpluses and asset growth suggest that the organization is not overspending on administrative or fundraising activities. The lack of reported officer compensation also points to a lean operational structure, which is a positive indicator for donor confidence and resource allocation.
Transparency is generally good, as evidenced by the consistent filing of IRS Form 990s over 14 periods. The absence of reported officer compensation is a notable aspect, suggesting either a volunteer-led executive team or compensation below the reporting threshold, which contributes to a perception of fiscal prudence. Further detailed analysis of the full 990 forms would confirm the exact breakdown of program, administrative, and fundraising expenses to fully assess spending efficiency and transparency.