Is Fair Vote Minnesota Legit?

Quick charity verification for Fair Vote Minnesota (EIN: 10911420)

Verdict: Fair Vote Minnesota appears trustworthy

80/100Mission Score

$831KRevenue

$23KAssets

3Red Flags

3Strengths

Red Flags

Significant year-over-year volatility in revenue and assets, indicating potential financial instability.
Current assets ($22,908) are very low compared to peak assets ($581,151 in 2022) and recent annual expenses, suggesting limited financial reserves.
Periods of deficit spending, such as in 2020 where expenses ($1,126,962) exceeded revenue ($983,309).

Strengths

Consistent 0% officer compensation, demonstrating a strong commitment to directing funds to the mission.
Significant revenue growth in recent years, with 2022 revenue reaching $1,610,233.
Strong program focus implied by the lack of executive compensation, suggesting efficient use of funds for its stated purpose.

Spending Breakdown

How Fair Vote Minnesota allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

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 Fair Vote Minnesota

Is Fair Vote Minnesota a legitimate charity?

Based on AI analysis of IRS 990 filings, Fair Vote Minnesota (EIN: 10911420) appears trustworthy. Mission Score: 80/100. 3 red flags identified, 3 strengths noted.

Is Fair Vote Minnesota a good charity to donate to?

Fair Vote Minnesota has a Mission Score of 80/100. Revenue: $831K. Assets: $23K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Fair Vote Minnesota?

The Employer Identification Number (EIN) for Fair Vote Minnesota is 10911420. 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 Vote Minnesota spend its money?

Fair Vote Minnesota allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Fair Vote Minnesota's tax-exempt status?

You can verify Fair Vote Minnesota's tax-exempt status using EIN 10911420 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

Fair Vote Minnesota demonstrates a fluctuating financial landscape over the past decade. While the organization experienced significant revenue growth in 2022, reaching $1,610,233, its latest reported assets are considerably lower at $22,908, suggesting a rapid deployment of funds or a recent decline in financial reserves. The organization consistently reports 0% officer compensation, which is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. However, the substantial swings in revenue and expenses, such as the $1,126,962 in expenses against $983,309 in revenue in 2020, indicate periods of deficit spending and potential reliance on prior year reserves or future funding.

The organization's spending efficiency appears to vary. In 2022, expenses were $1,087,061 against $1,610,233 in revenue, indicating a surplus. However, in 2020, expenses exceeded revenue by over $140,000. The lack of reported officer compensation is a positive sign for donor confidence regarding executive pay. The organization's asset base has also seen considerable fluctuation, from a high of $581,151 in 2022 to a low of $4,445 in 2015, and currently stands at $22,908. This volatility suggests a lean operational model that is highly dependent on annual fundraising cycles.

Overall, Fair Vote Minnesota exhibits strong transparency regarding executive compensation. Its financial health, however, shows significant year-to-year variability in revenue, expenses, and assets. While the 0% officer compensation is commendable, the organization's ability to maintain consistent financial stability and build substantial reserves appears to be an ongoing challenge, as evidenced by the current low asset figure relative to its peak in 2022.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.