Is Global Source For Education And Economic Development Strategies Legit?
Quick charity verification for Global Source For Education And Economic Development Strategies (EIN: 203334616)
Verdict: Global Source For Education And Economic Development Strategies appears trustworthy
85/100Mission Score
$224KRevenue
$43KAssets
2Red Flags
4Strengths
Red Flags
Occasional operational deficits (e.g., 2021 expenses $236,073 vs. revenue $223,702)
Significant decline in revenue from peak years (e.g., $572,206 in 2013 to $223,702 in 2021)
Strengths
Consistent 0% officer compensation reported across all filings
Zero liabilities in recent years, indicating strong financial solvency
Stable asset base relative to revenue in recent years
Long history of IRS 990 filings (11 filings), indicating transparency and compliance
Spending Breakdown
How Global Source For Education And Economic Development Strategies 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 Global Source For Education And Economic Development Strategies
Is Global Source For Education And Economic Development Strategies a legitimate charity?
Based on AI analysis of IRS 990 filings, Global Source For Education And Economic Development Strategies (EIN: 203334616) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Global Source For Education And Economic Development Strategies a good charity to donate to?
Global Source For Education And Economic Development Strategies has a Mission Score of 85/100. Revenue: $224K. Assets: $43K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Global Source For Education And Economic Development Strategies?
The Employer Identification Number (EIN) for Global Source For Education And Economic Development Strategies is 203334616. 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 Global Source For Education And Economic Development Strategies spend its money?
Global Source For Education And Economic Development Strategies allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Global Source For Education And Economic Development Strategies's tax-exempt status?
You can verify Global Source For Education And Economic Development Strategies's tax-exempt status using EIN 203334616 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
Global Source For Education And Economic Development Strategies demonstrates consistent operational activity, with revenues fluctuating but generally remaining in the $200,000 range in recent years, though it has seen a significant decrease from its peak revenue of $572,206 in 2013. The organization's financial health appears stable, with zero liabilities reported in most recent filings, indicating a healthy balance sheet. However, the organization has operated at a deficit in several recent years, including 2021 where expenses ($236,073) exceeded revenue ($223,702), leading to a slight decrease in assets. This trend of expenses occasionally outpacing revenue suggests a need for careful financial management to maintain long-term sustainability.
The organization exhibits strong transparency regarding executive compensation, reporting 0% officer compensation across all available filings. This indicates that the organization's leadership is either unpaid or compensated through other means not classified as officer compensation, which is a positive sign for donor confidence. While specific program spending ratios are not detailed in the provided data, the absence of officer compensation suggests a focus on directing funds towards the mission. The organization's asset base is relatively modest at $42,770 in 2021, which is typical for an organization of its revenue size and operational model.