Is Economic Development Center Ofwashington County Inc Legit?
Quick charity verification for Economic Development Center Ofwashington County Inc (EIN: 208973389)
Verdict: Economic Development Center Ofwashington County Inc appears trustworthy
90/100Mission Score
$1.2MRevenue
$630KAssets
1Red Flags
4Strengths
Red Flags
Unusually low or zero reported officer compensation for an organization of this size, which might indicate compensation is reported under other categories or through related entities not immediately apparent.
Strengths
Consistent revenue growth over a decade, from $479,794 in 2014 to $755,651 in 2023.
Strong financial stability with growing assets ($309,858 in 2014 to $632,801 in 2023) and manageable liabilities.
Remarkable transparency in officer compensation, consistently reporting 0% across all filings.
Efficient spending, with expenses closely tracking revenue, indicating funds are actively deployed for the mission.
Spending Breakdown
How Economic Development Center Ofwashington County 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 Economic Development Center Ofwashington County Inc
Is Economic Development Center Ofwashington County Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Economic Development Center Ofwashington County Inc (EIN: 208973389) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Economic Development Center Ofwashington County Inc a good charity to donate to?
Economic Development Center Ofwashington County Inc has a Mission Score of 90/100. Revenue: $1.2M. Assets: $630K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Economic Development Center Ofwashington County Inc?
The Employer Identification Number (EIN) for Economic Development Center Ofwashington County Inc is 208973389. 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 Economic Development Center Ofwashington County Inc spend its money?
Economic Development Center Ofwashington County Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Economic Development Center Ofwashington County Inc's tax-exempt status?
You can verify Economic Development Center Ofwashington County Inc's tax-exempt status using EIN 208973389 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 Economic Development Center Ofwashington County Inc demonstrates consistent financial growth and stability over the past decade. Revenue has steadily increased from $479,794 in 2014 to $755,651 in 2023, indicating a growing capacity to fund its mission. The organization consistently maintains a healthy asset base, growing from $309,858 in 2014 to $632,801 in 2023, which provides a solid foundation for its operations.
Spending efficiency appears strong, with expenses generally tracking closely to revenue, suggesting that the organization is effectively utilizing its income for its programs and operations. For instance, in 2023, expenses were $749,282 against revenues of $755,651, indicating that nearly all incoming funds were deployed. The consistent reporting of 0% officer compensation across all filings suggests a commitment to directing funds towards the mission rather than executive salaries, which is a positive indicator of financial stewardship and transparency. The organization's liabilities have remained relatively low compared to its assets, further reinforcing its financial health.