Quick charity verification for Edventure Group Inc (EIN: 161642857)
Verdict: Edventure Group Inc appears trustworthy
85/100Mission Score
$1.5MRevenue
$1.6MAssets
1Red Flags
4Strengths
Red Flags
Significant increase in liabilities from $0 in 2019 to $830,385 in 2023 without clear explanation.
Strengths
Consistent revenue generation and operational stability.
Zero reported officer compensation, indicating high efficiency in directing funds to mission.
Growing asset base, from $880,393 in 2019 to $1,512,080 in 2023.
Positive net income in most recent filing (2023: Revenue $1,599,404 vs. Expenses $1,561,483).
Spending Breakdown
How Edventure Group Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Edventure Group Inc
Is Edventure Group Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Edventure Group Inc (EIN: 161642857) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Edventure Group Inc a good charity to donate to?
Edventure Group Inc has a Mission Score of 85/100. Revenue: $1.5M. Assets: $1.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Edventure Group Inc?
The Employer Identification Number (EIN) for Edventure Group Inc is 161642857. 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 Edventure Group Inc spend its money?
Edventure Group Inc allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Edventure Group Inc's tax-exempt status?
You can verify Edventure Group Inc's tax-exempt status using EIN 161642857 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
Edventure Group Inc demonstrates consistent financial activity, with revenues and expenses generally in balance over the past several years. For example, in 2023, revenue was $1,599,404 against expenses of $1,561,483, indicating a slight surplus. The organization's assets have shown growth, reaching $1,512,080 in 2023, up from $880,393 in 2019, suggesting prudent financial management and accumulation of resources. However, liabilities have also increased significantly, from $0 in 2019 to $830,385 in 2023, which warrants closer examination to understand the nature of these obligations.
The organization appears to maintain a strong program focus, as indicated by the absence of reported officer compensation across all available filings, which suggests resources are directed towards its mission rather than executive salaries. While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the consistent operational balance and lack of executive compensation are positive indicators of spending efficiency. The increase in liabilities, however, could impact future financial flexibility if not managed effectively. Overall, Edventure Group Inc appears to be a financially stable organization with a commitment to its mission, though the growth in liabilities is a point to monitor.