Quick charity verification for Edison Terrace West (EIN: 205057014)
Verdict: Edison Terrace West appears trustworthy
75/100Mission Score
$810KRevenue
$3.6MAssets
2Red Flags
3Strengths
Red Flags
Consistent deficit spending: Expenses have exceeded revenue in every reported period, leading to a steady decline in assets.
Declining asset base: Total assets have decreased by approximately 23.5% from $4,187,256 in 2015 to $3,205,444 in 2024, indicating a reliance on reserves.
Strengths
Zero officer compensation: No compensation reported for officers across all filings, demonstrating strong financial integrity and mission focus.
Low and stable liabilities: Liabilities have remained consistently low, indicating responsible debt management.
Consistent IRS 990 filings: A long history of public financial disclosure demonstrates transparency.
Spending Breakdown
How Edison Terrace West allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Edison Terrace West
Is Edison Terrace West a legitimate charity?
Based on AI analysis of IRS 990 filings, Edison Terrace West (EIN: 205057014) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Edison Terrace West a good charity to donate to?
Edison Terrace West has a Mission Score of 75/100. Revenue: $810K. Assets: $3.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Edison Terrace West?
The Employer Identification Number (EIN) for Edison Terrace West is 205057014. 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 Edison Terrace West spend its money?
Edison Terrace West allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Edison Terrace West's tax-exempt status?
You can verify Edison Terrace West's tax-exempt status using EIN 205057014 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
Edison Terrace West, operating in Kennewick, WA, appears to be a well-established organization with a consistent financial history. Over the past decade, the organization has consistently reported expenses exceeding its revenue, leading to a gradual decline in its total assets from $4,187,256 in 2015 to $3,205,444 in 2024. This trend suggests that the organization is drawing down on its reserves to cover operational costs. While this is not inherently negative for a nonprofit, especially if it's part of a planned strategy, it warrants closer examination of their long-term financial sustainability and funding model. The organization's liabilities have remained relatively low and stable, indicating responsible debt management.
A significant positive aspect is the consistent reporting of 0% officer compensation across all available filings. This indicates a strong commitment to directing resources towards its mission rather than executive salaries, which is a hallmark of good financial stewardship and transparency. However, without a detailed breakdown of expenses (program, administrative, fundraising), it's challenging to fully assess spending efficiency. The consistent deficit spending, where expenses exceed revenue, is a key area for potential concern regarding long-term viability.
In terms of transparency, the consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to public disclosure. The absence of officer compensation is a strong indicator of financial integrity. However, to fully understand their financial health and efficiency, more granular data on expense allocation would be beneficial. The declining asset base, while managed with low liabilities, suggests a need for a robust fundraising strategy or a re-evaluation of their operational costs to achieve financial equilibrium.