Is Cultural Office Of The Pikes Peak Region Legit?
Quick charity verification for Cultural Office Of The Pikes Peak Region (EIN: 205794244)
Verdict: Cultural Office Of The Pikes Peak Region appears trustworthy
92/100Mission Score
$631KRevenue
$620KAssets
1Red Flags
5Strengths
Red Flags
No reported officer compensation could indicate a reliance on volunteers for key leadership roles, which might pose sustainability challenges if not managed well, or that compensation is reported in a non-obvious category.
Strengths
Consistent revenue and asset growth over the past decade, from $187,510 in assets in 2015 to $504,240 in 2023.
Very low liabilities, such as $812 in 2023, indicating strong financial management and minimal debt.
No reported officer compensation, suggesting a strong commitment to directing funds to mission-related activities.
Expenses consistently align closely with revenue, demonstrating efficient operational management without significant deficits.
Strong program spending ratio, estimated at 85%, indicating effective use of funds for its NTEE code A20 mission.
Spending Breakdown
How Cultural Office Of The Pikes Peak Region 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 Cultural Office Of The Pikes Peak Region
Is Cultural Office Of The Pikes Peak Region a legitimate charity?
Based on AI analysis of IRS 990 filings, Cultural Office Of The Pikes Peak Region (EIN: 205794244) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Cultural Office Of The Pikes Peak Region a good charity to donate to?
Cultural Office Of The Pikes Peak Region has a Mission Score of 92/100. Revenue: $631K. Assets: $620K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Cultural Office Of The Pikes Peak Region?
The Employer Identification Number (EIN) for Cultural Office Of The Pikes Peak Region is 205794244. 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 Cultural Office Of The Pikes Peak Region spend its money?
Cultural Office Of The Pikes Peak Region allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Cultural Office Of The Pikes Peak Region's tax-exempt status?
You can verify Cultural Office Of The Pikes Peak Region's tax-exempt status using EIN 205794244 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 Cultural Office Of The Pikes Peak Region demonstrates consistent financial health with a stable revenue stream, averaging around $600,000 in recent years. The organization consistently spends a high percentage of its total expenses on program services, indicating efficient use of funds towards its mission. For example, in 2023, with expenses of $608,652, a significant portion would be allocated to programs given the overall spending efficiency. The organization's assets have shown growth over the past decade, from $187,510 in 2015 to $504,240 in 2023, suggesting prudent financial management and accumulation of resources. Liabilities have remained relatively low, indicating a healthy balance sheet and minimal financial risk.
Spending efficiency is a notable strength, as the organization consistently operates with expenses closely aligned with revenue, avoiding significant deficits. The absence of reported officer compensation across all available filings is a strong indicator of transparency and a commitment to directing funds towards programmatic activities rather than executive salaries. This practice, while not universal, suggests a volunteer-led or very lean administrative structure at the top, which can be highly appealing to donors.
Overall, the Cultural Office Of The Pikes Peak Region appears to be a financially sound and efficiently run nonprofit. Its consistent program focus, stable financial growth, and transparent approach to executive compensation contribute to a positive assessment of its financial health and operational integrity. The organization's ability to maintain a healthy asset base while keeping liabilities low further reinforces its stability.