Quick charity verification for Drakes Island Improvement Association (EIN: 10242654)
Verdict: Drakes Island Improvement Association shows mixed signals
60/100Mission Score
$0Revenue
$0Assets
1Red Flags
2Strengths
Red Flags
Lack of financial data makes assessment difficult
Strengths
Basic compliance with IRS filing requirements despite no financial activity
Likely volunteer-driven given zero reported revenue and assets
Spending Breakdown
How Drakes Island Improvement Association allocates its funds across programs, administration, and fundraising.
100%
Program Spending
Healthy — majority goes to mission
0%
Admin Costs
Reasonable — admin costs in check
0%
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 Drakes Island Improvement Association
Is Drakes Island Improvement Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Drakes Island Improvement Association (EIN: 10242654) shows mixed signals. Mission Score: 60/100. 1 red flag identified, 2 strengths noted.
Is Drakes Island Improvement Association a good charity to donate to?
Drakes Island Improvement Association has a Mission Score of 60/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Drakes Island Improvement Association?
The Employer Identification Number (EIN) for Drakes Island Improvement Association is 10242654. 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 Drakes Island Improvement Association spend its money?
Drakes Island Improvement Association allocates 100% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Drakes Island Improvement Association's tax-exempt status?
You can verify Drakes Island Improvement Association's tax-exempt status using EIN 10242654 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 Drakes Island Improvement Association appears to be a very small, community-focused organization, as indicated by its reported revenue and assets of $0. This suggests it may operate on an entirely volunteer basis with minimal financial transactions, or its primary activities are not captured through traditional revenue streams reported on the 990-EZ, such as managing common property without significant fees. Given the lack of financial activity, assessing spending efficiency is not possible. The organization's transparency is limited by the minimal data available; however, filing a 990-EZ, even with zero financial activity, demonstrates a basic level of compliance.