Is Fidec Inc Legit?

Spending Breakdown

How Fidec Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

10%

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 Fidec Inc

Is Fidec Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Fidec Inc (EIN: 134186589) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.

Is Fidec Inc a good charity to donate to?

Fidec Inc has a Mission Score of 65/100. Revenue: $1.2M. Assets: $4.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Fidec Inc?

The Employer Identification Number (EIN) for Fidec Inc is 134186589. 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 Fidec Inc spend its money?

Fidec Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Fidec Inc's tax-exempt status?

You can verify Fidec Inc's tax-exempt status using EIN 134186589 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

Fidec Inc. exhibits inconsistent financial performance over the past decade, with significant fluctuations in both revenue and expenses. For instance, in 2023, the organization reported revenue of $337,536 against expenses of $3,730,082, indicating a substantial deficit. This contrasts sharply with 2022, where revenue of $5,811,379 exceeded expenses of $4,484,795. The organization's assets have generally grown, reaching $8,399,455 in 2023, but liabilities have also shown variability, peaking at $715,118 in 2019. The consistent reporting of 0% officer compensation across all filings suggests a commitment to minimizing administrative overhead in this area, which is a positive indicator for donor confidence. However, the large deficits in certain years, such as 2023 and 2019, raise questions about long-term financial sustainability and spending efficiency during those periods.

While the lack of officer compensation is a strong point for transparency and efficiency, the wide swings in financial results make it challenging to assess consistent spending efficiency. The organization's ability to manage expenses relative to its incoming revenue appears to vary significantly year-to-year. For example, in 2023, expenses were over ten times revenue, which is unsustainable. Conversely, in 2021, revenue was more than double expenses, indicating strong financial management in that period. Donors should consider these fluctuations when evaluating the organization's overall financial health and its capacity to consistently deliver on its mission.

Overall, Fidec Inc. demonstrates a mixed financial picture. The absence of officer compensation is a notable strength in terms of transparency and resource allocation. However, the volatility in revenue and expenses, particularly the significant deficits in recent years like 2023, warrants closer examination to understand the underlying causes and the organization's strategies for achieving more stable financial health and program delivery.

Verdict: Fidec Inc shows mixed signals

Red Flags

Strengths