Quick charity verification for El Grupo Vida Inc (EIN: 201082607)
Verdict: El Grupo Vida Inc appears trustworthy
75/100Mission Score
$997KRevenue
$177KAssets
3Red Flags
3Strengths
Red Flags
Expenses exceeded revenue in 2023 ($593,792 vs. $513,026), leading to an operating deficit.
Liabilities ($75,000) exceeded assets ($67,206) in 2023, indicating a negative net asset position.
Operating deficits also occurred in 2022 and 2016, suggesting a recurring challenge in matching expenses to revenue.
Strengths
Consistent 0% officer compensation, indicating high efficiency in executive spending.
Significant revenue growth from $15,295 in 2019 to $513,026 in 2023, demonstrating increasing support.
Strong program focus implied by the lack of executive compensation and NTEE code P80.
Spending Breakdown
How El Grupo Vida Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 El Grupo Vida Inc
Is El Grupo Vida Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, El Grupo Vida Inc (EIN: 201082607) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is El Grupo Vida Inc a good charity to donate to?
El Grupo Vida Inc has a Mission Score of 75/100. Revenue: $997K. Assets: $177K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for El Grupo Vida Inc?
The Employer Identification Number (EIN) for El Grupo Vida Inc is 201082607. 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 El Grupo Vida Inc spend its money?
El Grupo Vida Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify El Grupo Vida Inc's tax-exempt status?
You can verify El Grupo Vida Inc's tax-exempt status using EIN 201082607 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
El Grupo Vida Inc has demonstrated significant growth in recent years, with revenue increasing from $15,295 in 2019 to $513,026 in 2023. This rapid expansion is a positive indicator of increasing support for their mission. However, the organization reported expenses exceeding revenue in 2023 ($593,792 in expenses vs. $513,026 in revenue), leading to a net deficit for the year. This trend of expenses exceeding revenue was also observed in 2022 and 2016, suggesting a need for careful financial management to ensure long-term sustainability. The organization's assets have also grown, reaching $67,206 in 2023, but liabilities have also increased significantly to $75,000 in 2023, exceeding assets. This negative net asset position warrants close monitoring.
The organization consistently reports 0% officer compensation across all available filings, which is a strong indicator of efficient use of funds and a commitment to directing resources towards programs rather than administrative overhead. This lack of executive compensation suggests a volunteer-driven or very lean operational model. The NTEE code P80 (Mental Health & Crisis Intervention) indicates a focus on critical community services.
While the growth in revenue is positive, the recent trend of operating deficits and the increase in liabilities in 2023 are areas that potential donors or stakeholders should review. The consistent reporting of no officer compensation enhances transparency and suggests a strong program focus, but the overall financial stability needs to be carefully managed given the recent deficits and the negative net asset position.