Quick charity verification for Fox Islands Electric Cooperative Inc (EIN: 10333304)
Verdict: Fox Islands Electric Cooperative Inc appears trustworthy
90/100Mission Score
$4.2MRevenue
$19.2MAssets
2Red Flags
4Strengths
Red Flags
Lack of detailed expense breakdown in summary data
NTEE Code Unknown
Strengths
Consistent break-even operations, typical for a cooperative
Zero officer compensation reported across all filings
Stable asset and liability management over time
Consistent financial reporting history (13 filings)
Spending Breakdown
How Fox Islands Electric Cooperative Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
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 Fox Islands Electric Cooperative Inc
Is Fox Islands Electric Cooperative Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fox Islands Electric Cooperative Inc (EIN: 10333304) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
Is Fox Islands Electric Cooperative Inc a good charity to donate to?
Fox Islands Electric Cooperative Inc has a Mission Score of 90/100. Revenue: $4.2M. Assets: $19.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Fox Islands Electric Cooperative Inc?
The Employer Identification Number (EIN) for Fox Islands Electric Cooperative Inc is 10333304. 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 Fox Islands Electric Cooperative Inc spend its money?
Fox Islands Electric Cooperative Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Fox Islands Electric Cooperative Inc's tax-exempt status?
You can verify Fox Islands Electric Cooperative Inc's tax-exempt status using EIN 10333304 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
Fox Islands Electric Cooperative Inc. consistently reports revenue equal to expenses, indicating a break-even operational model typical for a cooperative. Over the past decade, the organization has maintained a stable financial position with assets consistently around $19-21 million, though there has been a slight decline from $21.9 million in 2015 to $19.4 million in 2023. Liabilities have also shown a corresponding decrease, from $15.7 million in 2015 to $11.9 million in 2023, suggesting responsible debt management. The cooperative's financial reporting shows a clear and consistent pattern, which contributes to its transparency.
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of expenses into program, administrative, and fundraising categories, which are not provided in the summary data. However, the consistent zero officer compensation reported across all filings is a significant indicator of efficient use of funds, as it suggests that top leadership is not drawing a salary from the cooperative's revenues. This practice can free up more resources for operational costs and member services.
Overall, Fox Islands Electric Cooperative Inc. appears to be a financially stable and transparent organization, operating as expected for a member-owned utility. The consistent break-even financials and zero officer compensation are strong indicators of a focus on service rather than profit or executive enrichment. Further analysis would require access to the full IRS 990 forms to understand the allocation of expenses.