Is Eastern Plains Economic Development Corporation Legit?
Quick charity verification for Eastern Plains Economic Development Corporation (EIN: 208067492)
Verdict: Eastern Plains Economic Development Corporation appears trustworthy
85/100Mission Score
$360KRevenue
$674KAssets
2Red Flags
5Strengths
Red Flags
Fluctuating annual revenues and expenses, making consistent financial forecasting challenging.
Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes precise spending efficiency analysis difficult.
Strengths
Consistent reporting of 0% officer compensation, indicating high efficiency in leadership costs.
Significant asset growth over the past decade, from $181,210 in 201409 to $474,665 in 202309.
Low liabilities across all reported periods, suggesting sound financial management and minimal debt.
Consistent IRS 990 filing history (13 filings), demonstrating transparency and accountability.
Strong surplus in the latest filing (202309) with revenue of $419,215 against expenses of $196,619.
Spending Breakdown
How Eastern Plains Economic Development Corporation 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 Eastern Plains Economic Development Corporation
Is Eastern Plains Economic Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Eastern Plains Economic Development Corporation (EIN: 208067492) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is Eastern Plains Economic Development Corporation a good charity to donate to?
Eastern Plains Economic Development Corporation has a Mission Score of 85/100. Revenue: $360K. Assets: $674K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Eastern Plains Economic Development Corporation?
The Employer Identification Number (EIN) for Eastern Plains Economic Development Corporation is 208067492. 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 Eastern Plains Economic Development Corporation spend its money?
Eastern Plains Economic Development Corporation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Eastern Plains Economic Development Corporation's tax-exempt status?
You can verify Eastern Plains Economic Development Corporation's tax-exempt status using EIN 208067492 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
Eastern Plains Economic Development Corporation demonstrates a generally stable financial position with fluctuating but often positive net assets. In the latest filing (202309), the organization reported revenue of $419,215 against expenses of $196,619, resulting in a significant surplus that contributed to an increase in assets to $474,665. This marks a substantial improvement from the prior period (202209) where expenses ($328,098) exceeded revenue ($235,713). The organization consistently reports 0% officer compensation, which is a strong indicator of efficient use of funds and a commitment to directing resources towards its mission rather than executive salaries. The consistent filing of IRS 990s over 13 periods indicates a commitment to transparency, allowing for public scrutiny of its financial activities.
While the organization's revenue and expense figures show variability year-over-year, the overall trend in assets has been positive, growing from $181,210 in 201409 to $474,665 in 202309. The low liabilities across all reported periods suggest sound financial management and minimal debt burden. The absence of officer compensation is a notable strength, indicating that the organization's leadership may be volunteer-based or compensated through other means not classified as officer compensation, which enhances its spending efficiency. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is challenging, though the overall low expense-to-revenue ratio in many years is positive.