Is Falls City Economic Development Andgrowth Enterprise Inc Legit?
Quick charity verification for Falls City Economic Development Andgrowth Enterprise Inc (EIN: 204688422)
Verdict: Falls City Economic Development Andgrowth Enterprise Inc appears trustworthy
85/100Mission Score
$330KRevenue
$1.3MAssets
1Red Flags
4Strengths
Red Flags
Increasing liabilities, reaching $399,605 in 2023, warrant monitoring relative to asset growth and cash flow.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating strong resource allocation to mission.
Significant asset growth from $305,024 in 2014 to $1,477,009 in 2023, demonstrating financial stability and capacity.
Healthy financial surpluses in recent years, such as $93,885 in 2023, indicating effective expense management.
Stable revenue base over the past decade, supporting ongoing operations.
Spending Breakdown
How Falls City Economic Development Andgrowth Enterprise Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Falls City Economic Development Andgrowth Enterprise Inc
Is Falls City Economic Development Andgrowth Enterprise Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Falls City Economic Development Andgrowth Enterprise Inc (EIN: 204688422) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Falls City Economic Development Andgrowth Enterprise Inc a good charity to donate to?
Falls City Economic Development Andgrowth Enterprise Inc has a Mission Score of 85/100. Revenue: $330K. Assets: $1.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Falls City Economic Development Andgrowth Enterprise Inc?
The Employer Identification Number (EIN) for Falls City Economic Development Andgrowth Enterprise Inc is 204688422. 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 Falls City Economic Development Andgrowth Enterprise Inc spend its money?
Falls City Economic Development Andgrowth Enterprise Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Falls City Economic Development Andgrowth Enterprise Inc's tax-exempt status?
You can verify Falls City Economic Development Andgrowth Enterprise Inc's tax-exempt status using EIN 204688422 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
Falls City Economic Development Andgrowth Enterprise Inc demonstrates consistent financial activity, with revenues fluctuating but generally maintaining a stable base over the past decade. In the latest filing (202312), the organization reported revenues of $329,575 against expenses of $235,690, indicating a healthy surplus for the period. The organization's assets have shown significant growth, nearly quadrupling from $305,024 in 2014 to $1,477,009 in 2023, suggesting effective asset management and potentially successful fundraising or investment activities. Liabilities have also increased, reaching $399,605 in 2023, which warrants monitoring but is not immediately concerning given the substantial asset base.
The organization's spending efficiency appears strong, as evidenced by the consistent surpluses in recent years (e.g., $93,885 in 2023 and $18,487 in 2022). A key indicator of transparency and mission focus is the reported 0% officer compensation across all available filings, suggesting that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is a positive sign for donor confidence. The NTEE code S41 (Economic Development) aligns with the organization's name and likely mission, and the financial data supports an active role in its stated purpose.