Quick charity verification for Generations Of Kentucky Inc (EIN: 203059507)
Verdict: Generations Of Kentucky Inc shows mixed signals
65/100Mission Score
$217KRevenue
$20KAssets
3Red Flags
2Strengths
Red Flags
Consistent operating deficits in recent years (e.g., $10,280 deficit in 2023, $20,078 deficit in 2022).
Significant decline in revenue from $134,761 in 2020 to $47,164 in 2023.
Decreasing asset base from $29,766 in 2022 to $20,245 in 2023, limiting financial reserves.
Strengths
Consistently reports 0% officer compensation, indicating efficient use of funds for its mission.
Low liabilities relative to assets, suggesting manageable debt.
Spending Breakdown
How Generations Of Kentucky 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
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 Generations Of Kentucky Inc
Is Generations Of Kentucky Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Generations Of Kentucky Inc (EIN: 203059507) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
Is Generations Of Kentucky Inc a good charity to donate to?
Generations Of Kentucky Inc has a Mission Score of 65/100. Revenue: $217K. Assets: $20K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Generations Of Kentucky Inc?
The Employer Identification Number (EIN) for Generations Of Kentucky Inc is 203059507. 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 Generations Of Kentucky Inc spend its money?
Generations Of Kentucky Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Generations Of Kentucky Inc's tax-exempt status?
You can verify Generations Of Kentucky Inc's tax-exempt status using EIN 203059507 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
Generations Of Kentucky Inc has experienced a significant decline in revenue and an increase in expenses over the past two years, indicating potential financial instability. In 2023, revenue was $47,164 against expenses of $57,444, resulting in a deficit. This trend continued from 2022, where revenue of $72,997 was outpaced by expenses of $93,075. The organization's assets have also decreased from $29,766 in 2022 to $20,245 in 2023, while liabilities remain relatively low.
The organization consistently reports 0% officer compensation, which is a positive indicator of resource allocation directly to its mission rather than executive salaries. However, the consistent operational deficits in recent years raise concerns about long-term sustainability and the ability to effectively deliver on its programs. The lack of detailed spending breakdowns in the provided data makes it difficult to fully assess spending efficiency beyond the absence of executive compensation.
While the organization demonstrates transparency by filing its IRS 990s, the financial performance suggests a need for strategic review to address declining revenue and increasing expenses. The small asset base relative to historical expenses also limits its financial resilience. Further analysis would require a detailed breakdown of program, administrative, and fundraising expenses to fully understand its operational efficiency.