Is Galeo Latino Community Development Fund…

Quick charity verification for Galeo Latino Community Development Fund Inc (EIN: 201565775)

Spending Breakdown

How Galeo Latino Community Development Fund 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

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 Galeo Latino Community Development Fund Inc

Is Galeo Latino Community Development Fund Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Galeo Latino Community Development Fund Inc (EIN: 201565775) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.

Is Galeo Latino Community Development Fund Inc a good charity to donate to?

Galeo Latino Community Development Fund Inc has a Mission Score of 75/100. Revenue: $1.5M. Assets: $1.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Galeo Latino Community Development Fund Inc?

The Employer Identification Number (EIN) for Galeo Latino Community Development Fund Inc is 201565775. 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 Galeo Latino Community Development Fund Inc spend its money?

Galeo Latino Community Development Fund Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Galeo Latino Community Development Fund Inc's tax-exempt status?

You can verify Galeo Latino Community Development Fund Inc's tax-exempt status using EIN 201565775 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

Galeo Latino Community Development Fund Inc. demonstrates a fluctuating financial trajectory over the past decade. While revenue has seen significant growth from $121,850 in 2015 to $1,867,943 in 2023, the organization has recently experienced operating deficits, with expenses exceeding revenue in both 2022 and 2023. For instance, in 2023, expenses were $2,026,738 against revenues of $1,867,943, indicating a reliance on prior year surpluses or asset drawdowns. The organization's assets have grown substantially, reaching $1,855,668 in 2023, suggesting a build-up of financial capacity over time, despite recent deficits. The consistent reporting of 0% officer compensation across all filings is a notable aspect of its financial transparency and operational model, indicating that leadership is either volunteer-based or compensated through other means not classified as officer compensation on the 990, which warrants further investigation for complete understanding.

Spending efficiency appears to be a mixed bag. While the organization has managed significant growth, the recent deficits raise questions about the sustainability of its current spending levels relative to its revenue generation. The absence of reported officer compensation could imply a highly efficient use of funds if leadership is truly uncompensated, or it could indicate a different compensation structure that isn't immediately apparent from the 'Officer Comp' field. The NTEE code S20 (Civil Rights, Social Action, Advocacy) suggests a mission that often involves significant program delivery and advocacy efforts. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging, but the overall financial health shows a period of rapid expansion followed by recent operational challenges.

Transparency is generally good through its consistent filing of IRS Form 990s. The clear reporting of revenue, expenses, assets, and liabilities provides a solid foundation for analysis. The consistent 0% officer compensation is a key piece of information, though it might prompt further inquiry into how the organization's leadership is supported. The growth in assets, despite recent deficits, suggests prudent financial management in earlier years that built a reserve. However, the recent trend of expenses exceeding revenue requires close monitoring to ensure long-term financial stability and continued mission delivery.

Is Galeo Latino Community Development Fund Inc Legit?

Verdict: Galeo Latino Community Development Fund Inc appears trustworthy

Red Flags

Strengths