Is Educational Facilities Corporationfor…

Quick charity verification for Educational Facilities Corporationfor Lexington School District No 2 (EIN: 205119042)

Spending Breakdown

How Educational Facilities Corporationfor Lexington School District No 2 allocates its funds across programs, administration, and fundraising.

95%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Educational Facilities Corporationfor Lexington School District No 2

Is Educational Facilities Corporationfor Lexington School District No 2 a legitimate charity?

Based on AI analysis of IRS 990 filings, Educational Facilities Corporationfor Lexington School District No 2 (EIN: 205119042) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is Educational Facilities Corporationfor Lexington School District No 2 a good charity to donate to?

Educational Facilities Corporationfor Lexington School District No 2 has a Mission Score of 85/100. Revenue: $2.1M. Assets: $13.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Educational Facilities Corporationfor Lexington School District No 2?

The Employer Identification Number (EIN) for Educational Facilities Corporationfor Lexington School District No 2 is 205119042. 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 Educational Facilities Corporationfor Lexington School District No 2 spend its money?

Educational Facilities Corporationfor Lexington School District No 2 allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Educational Facilities Corporationfor Lexington School District No 2's tax-exempt status?

You can verify Educational Facilities Corporationfor Lexington School District No 2's tax-exempt status using EIN 205119042 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

Educational Facilities Corporation for Lexington School District No 2 primarily functions as a financing entity, as evidenced by its NTEE code T990 (Support for Public Education). Its financial statements consistently show revenues closely matching expenses, particularly in recent years, suggesting a pass-through or debt service-oriented operational model rather than traditional program spending. For instance, in 202106, revenue was $2,158,056 against expenses of $2,162,434. The organization's assets, while substantial (e.g., $15,556,538 in 202306), are almost entirely offset by liabilities, indicating a highly leveraged structure typical of bond-issuing entities. This structure, where liabilities often equal assets, suggests the organization holds assets primarily as collateral or in trust for debt obligations, rather than as unrestricted funds for discretionary spending.

The consistent reporting of 0% officer compensation across all available filings indicates a high degree of efficiency in administrative overhead related to executive pay, or that executive functions are handled by the school district itself without direct compensation from this specific entity. The significant drop in assets from $33,492,310 in 201406 to $15,556,538 in 202306, alongside a corresponding decrease in liabilities, suggests a gradual paydown or restructuring of its financial obligations. Given its role, the organization's financial health is intrinsically linked to the Lexington School District No 2's ability to service its debt, which appears stable based on the consistent revenue and expense patterns.

Transparency is strong regarding executive compensation, with no reported officer pay. The consistent filing of IRS Form 990s over 12 periods demonstrates a commitment to regulatory compliance. However, without detailed program service expense breakdowns, it's challenging to assess traditional 'spending efficiency' in terms of direct charitable impact, as its primary function is financial support rather than direct program delivery. The close alignment of assets and liabilities across multiple years, particularly in recent filings where they are identical, points to a very specific financial structure, likely related to bond issuance and repayment.

Is Educational Facilities Corporationfor Lexington School District No 2 Legit?

Verdict: Educational Facilities Corporationfor Lexington School District No 2 appears trustworthy

Red Flags

Strengths