How Fair Lawn Economic Development Corporation Inc 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 Fair Lawn Economic Development Corporation Inc
Is Fair Lawn Economic Development Corporation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fair Lawn Economic Development Corporation Inc (EIN: 203531068) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Fair Lawn Economic Development Corporation Inc a good charity to donate to?
Fair Lawn Economic Development Corporation Inc has a Mission Score of 85/100. Revenue: $264K. Assets: $41K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Fair Lawn Economic Development Corporation Inc?
The Employer Identification Number (EIN) for Fair Lawn Economic Development Corporation Inc is 203531068. 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 Fair Lawn Economic Development Corporation Inc spend its money?
Fair Lawn Economic Development Corporation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Fair Lawn Economic Development Corporation Inc's tax-exempt status?
You can verify Fair Lawn Economic Development Corporation Inc's tax-exempt status using EIN 203531068 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 Fair Lawn Economic Development Corporation Inc. demonstrates a fluctuating financial history, with recent revenue showing significant growth to $169,174 in 2022, a substantial increase from $4,529 in 2021. This growth is positive, but the organization's assets have also seen considerable fluctuation, peaking at $138,406 in 2022 after a low of $18,531 in 2021. The organization consistently reports 0% officer compensation, which is a strong indicator of volunteer leadership and efficient use of funds for its mission rather than executive salaries.
Spending efficiency appears to be reasonable, with expenses of $117,957 in 2022 against revenues of $169,174, indicating a surplus for that period. However, there have been periods of deficit, such as in 2021 where expenses ($34,952) significantly exceeded revenue ($4,529). The lack of reported officer compensation across all filings suggests a commitment to directing funds towards programs and operations. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, providing a clear historical record of its financial activities.
Overall, while the organization has experienced periods of financial instability, the recent growth in revenue and assets, coupled with zero executive compensation, suggests a positive trajectory and a focus on its economic development mission. Continued monitoring of expense ratios relative to program spending would provide further insight into long-term financial health and efficiency.