Quick charity verification for Gay Mens Chorus Of Charlotte (EIN: 205361365)
Verdict: Gay Mens Chorus Of Charlotte appears trustworthy
88/100Mission Score
$384KRevenue
$5KAssets
1Red Flags
4Strengths
Red Flags
Modest asset base relative to recent revenue growth
Strengths
Consistent 0% officer compensation across all filings
Significant revenue growth in recent periods (e.g., $38,496 in 202106 to $246,515 in 202306)
Positive trend in net assets over time
Consistent IRS 990 filing history (13 filings)
Spending Breakdown
How Gay Mens Chorus Of Charlotte allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Gay Mens Chorus Of Charlotte
Is Gay Mens Chorus Of Charlotte a legitimate charity?
Based on AI analysis of IRS 990 filings, Gay Mens Chorus Of Charlotte (EIN: 205361365) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
Is Gay Mens Chorus Of Charlotte a good charity to donate to?
Gay Mens Chorus Of Charlotte has a Mission Score of 88/100. Revenue: $384K. Assets: $5K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Gay Mens Chorus Of Charlotte?
The Employer Identification Number (EIN) for Gay Mens Chorus Of Charlotte is 205361365. 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 Gay Mens Chorus Of Charlotte spend its money?
Gay Mens Chorus Of Charlotte allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Gay Mens Chorus Of Charlotte's tax-exempt status?
You can verify Gay Mens Chorus Of Charlotte's tax-exempt status using EIN 205361365 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
The Gay Men's Chorus of Charlotte demonstrates a fluctuating but generally positive financial trajectory, with recent filings showing significant growth in revenue and expenses. In the 202306 period, the organization reported revenue of $246,515 against expenses of $239,433, indicating a slight surplus. This represents a substantial increase from previous years, such as 202206 (Revenue: $103,176, Expenses: $86,866) and 202106 (Revenue: $38,496, Expenses: $29,492). The organization's assets have also seen growth, reaching $57,837 in 202306, a notable improvement from the $1 recorded in 201906 and 201706.
Spending efficiency appears to be reasonable, with expenses generally tracking closely with revenue, suggesting that funds are being utilized for operations. The consistent reporting of 0% officer compensation across all available filings indicates a commitment to directing funds towards the mission rather than executive salaries, which is a strong positive for transparency and donor confidence. While the organization's assets are modest relative to its recent revenue, the overall trend points towards increasing financial stability and capacity to deliver on its programs. The consistent filing of IRS 990 forms over 13 periods also demonstrates a commitment to regulatory compliance and transparency.