Quick charity verification for First State Innovation Inc (EIN: 205095603)
Verdict: First State Innovation Inc has notable concerns
30/100Mission Score
$0Revenue
$401KAssets
3Red Flags
3Strengths
Red Flags
Minimal to zero revenue for the past five years (2019-2023), indicating a lack of public support or active operations.
Extremely low expenses in recent years (e.g., $40 in 2023), suggesting a largely dormant organization despite holding significant assets.
Lack of clear programmatic impact given the minimal financial activity and substantial asset base.
Strengths
Consistent filing of IRS Form 990s, demonstrating transparency in reporting.
Zero reported officer compensation across all available filings, indicating no private benefit to executives.
Strong asset base ($401,323) with no reported liabilities, indicating financial stability and asset preservation.
Spending Breakdown
How First State Innovation Inc allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
100%
Admin Costs
High — over 25% on administration
0%
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 First State Innovation Inc
Is First State Innovation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, First State Innovation Inc (EIN: 205095603) has notable concerns. Mission Score: 30/100. 3 red flags identified, 3 strengths noted.
Is First State Innovation Inc a good charity to donate to?
First State Innovation Inc has a Mission Score of 30/100. Revenue: $0. Assets: $401K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for First State Innovation Inc?
The Employer Identification Number (EIN) for First State Innovation Inc is 205095603. 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 First State Innovation Inc spend its money?
First State Innovation Inc allocates 0% to programs, 100% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify First State Innovation Inc's tax-exempt status?
You can verify First State Innovation Inc's tax-exempt status using EIN 205095603 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
First State Innovation Inc. appears to be a very small, asset-holding organization with minimal operational activity in recent years. For the past five fiscal periods (2019-2023), the organization reported negligible revenue (ranging from $0 to $200) and very low expenses (ranging from $40 to $12,634). This suggests a largely dormant or extremely limited program scope. The organization maintains a consistent asset base, currently at $401,323, with no reported liabilities, indicating financial stability in terms of asset preservation.
The spending efficiency is difficult to assess meaningfully due to the extremely low activity levels. With expenses of only $40 in 2023 and $2,038 in 2022, and no reported officer compensation, the organization is not actively deploying significant funds. The lack of detailed expense breakdowns in the provided data makes it impossible to determine specific program, administrative, or fundraising allocations. However, the absence of officer compensation across all reported periods suggests good stewardship regarding executive pay.
Transparency is generally good given the consistent filing of IRS Form 990s. The consistent reporting of zero officer compensation is a positive indicator. However, the lack of significant program activity or revenue generation in recent years raises questions about the current purpose and impact of the organization, despite its substantial asset base. The NTEE code S30 (Community Improvement & Capacity Building) suggests a mission that is not currently reflected in its financial activity.