Is Economic Development Partnership Of Hillsdale County Inc Legit?
Quick charity verification for Economic Development Partnership Of Hillsdale County Inc (EIN: 208088576)
Verdict: Economic Development Partnership Of Hillsdale County Inc appears trustworthy
90/100Mission Score
$341KRevenue
$559KAssets
1Red Flags
5Strengths
Red Flags
No reported officer compensation across all filings, which is unusual for an organization of this scale and could warrant further investigation into how leadership is compensated or sustained.
Strengths
Consistent growth in assets, from $203,282 in 2014 to $500,710 in 2023, indicating strong financial management.
High program spending ratio, demonstrating a strong focus on its mission.
Excellent transparency with 12 years of consistent IRS 990 filings.
Low liabilities relative to assets, indicating financial stability.
Spending Breakdown
How Economic Development Partnership Of Hillsdale 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 Partnership Of Hillsdale County Inc
Is Economic Development Partnership Of Hillsdale County Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Economic Development Partnership Of Hillsdale County Inc (EIN: 208088576) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is Economic Development Partnership Of Hillsdale County Inc a good charity to donate to?
Economic Development Partnership Of Hillsdale County Inc has a Mission Score of 90/100. Revenue: $341K. Assets: $559K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Economic Development Partnership Of Hillsdale County Inc?
The Employer Identification Number (EIN) for Economic Development Partnership Of Hillsdale County Inc is 208088576. 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 Partnership Of Hillsdale County Inc spend its money?
Economic Development Partnership Of Hillsdale 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 Partnership Of Hillsdale County Inc's tax-exempt status?
You can verify Economic Development Partnership Of Hillsdale County Inc's tax-exempt status using EIN 208088576 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 Partnership Of Hillsdale County Inc demonstrates consistent financial health with a steady growth in revenue and assets over the past decade. In the latest filing (202306), the organization reported revenues of $299,538 against expenses of $292,018, indicating a slight surplus. Its assets have grown from $203,282 in 2014 to $500,710 in 2023, showing good financial stewardship and capacity building. The organization consistently spends a high proportion of its budget on program services, which is a positive indicator of efficiency.
The organization's transparency is strong, particularly given its consistent filing of IRS Form 990s over 12 periods. The absence of reported officer compensation across all available filings suggests that executive leadership may be volunteer-based or compensated through other means not captured in this specific line item, which could be a point for further inquiry but generally indicates a lean operational structure. The liabilities, while present, appear manageable relative to assets, with a liabilities-to-assets ratio of approximately 28.6% in 2023 ($143,486 / $500,710).
Overall, the organization appears to be financially stable and efficient in its operations, with a clear focus on its mission as evidenced by its spending patterns. The consistent growth in assets and revenue, coupled with a low liability burden and no reported officer compensation, paints a picture of a well-managed and fiscally responsible nonprofit.