Is Colombia Progresa Corporation Legit? —…

Quick charity verification for Colombia Progresa Corporation (EIN: 141860461)

Spending Breakdown

How Colombia Progresa Corporation allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Colombia Progresa Corporation

Is Colombia Progresa Corporation a legitimate charity?

Based on AI analysis of IRS 990 filings, Colombia Progresa Corporation (EIN: 141860461) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.

Is Colombia Progresa Corporation a good charity to donate to?

Colombia Progresa Corporation has a Mission Score of 65/100. Revenue: $248K. Assets: $61K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Colombia Progresa Corporation?

The Employer Identification Number (EIN) for Colombia Progresa Corporation is 141860461. 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 Colombia Progresa Corporation spend its money?

Colombia Progresa Corporation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Colombia Progresa Corporation's tax-exempt status?

You can verify Colombia Progresa Corporation's tax-exempt status using EIN 141860461 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

Colombia Progresa Corporation exhibits inconsistent financial performance over the past decade. While the organization reported a significant surplus in 2021 with revenue of $436,849 against expenses of $291,474, it has also experienced periods of substantial deficits, such as in 2019 where expenses ($614,044) far exceeded revenue ($367,090), and in 2012 where expenses ($528,234) dwarfed revenue ($127,236). This volatility suggests potential challenges in consistent fundraising or program management. The organization's assets have fluctuated considerably, reaching a high of $317,564 in 2018 but dropping to $60,558 in the latest reported period, indicating a lack of stable financial reserves.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's difficult to fully assess. However, the consistent reporting of 0% officer compensation across all filings is a positive indicator of efficient use of funds at the executive level, suggesting that leadership may be volunteer-based or compensated through other means not classified as officer compensation. The presence of liabilities in 2021 ($575) after years of reporting $0 liabilities warrants closer examination, though the amount is relatively small compared to assets.

Transparency appears to be adequate given the availability of 11 years of 990 filings. However, the lack of detailed expense breakdowns in the provided data limits a deeper analysis of how funds are allocated across programs, administration, and fundraising. A more granular view of expenses would enhance understanding of their operational efficiency and program impact.

Is Colombia Progresa Corporation Legit?

Verdict: Colombia Progresa Corporation shows mixed signals

Red Flags

Strengths