Quick charity verification for Farragut Business Alliance Inc (EIN: 10963106)
Verdict: Farragut Business Alliance Inc appears trustworthy
85/100Mission Score
$94KRevenue
$19KAssets
1Red Flags
4Strengths
Red Flags
Lack of detailed expense breakdown in public filings makes full spending efficiency analysis difficult.
Strengths
Consistent 0% officer compensation, indicating efficient use of funds.
Minimal to no liabilities reported across all filings, demonstrating strong financial health.
Stable revenue streams, generally between $90,000 and $130,000, indicating consistent support.
Positive net assets growth over the past decade, from $1 in 2015 to $38,089 in 2023.
Spending Breakdown
How Farragut Business Alliance 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 Farragut Business Alliance Inc
Is Farragut Business Alliance Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Farragut Business Alliance Inc (EIN: 10963106) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Farragut Business Alliance Inc a good charity to donate to?
Farragut Business Alliance Inc has a Mission Score of 85/100. Revenue: $94K. Assets: $19K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Farragut Business Alliance Inc?
The Employer Identification Number (EIN) for Farragut Business Alliance Inc is 10963106. 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 Farragut Business Alliance Inc spend its money?
Farragut Business Alliance Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Farragut Business Alliance Inc's tax-exempt status?
You can verify Farragut Business Alliance Inc's tax-exempt status using EIN 10963106 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
Farragut Business Alliance Inc. demonstrates consistent financial activity, with revenues generally fluctuating between $90,000 and $130,000 over the past decade. The organization's assets are modest, peaking at $38,089 in 2023, which is typical for a smaller local business alliance. A notable strength is the consistent reporting of zero liabilities across most years, indicating sound financial management and a lack of debt. The organization also consistently reports 0% officer compensation, suggesting a volunteer-driven or very lean operational structure at the leadership level, which can be a positive indicator of resource allocation directly to its mission. However, without detailed expense breakdowns beyond total expenses, it's challenging to fully assess spending efficiency between programs, administration, and fundraising.