Is Golden Isles Technical And Careerlearning Inc Legit?
Quick charity verification for Golden Isles Technical And Careerlearning Inc (EIN: 203947219)
Verdict: Golden Isles Technical And Careerlearning Inc appears trustworthy
95/100Mission Score
$211KRevenue
$231KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent financial surpluses, such as $56,394 in 2024 ($160,491 revenue - $104,097 expenses).
Zero officer compensation reported across all filings, indicating high efficiency and dedication.
Growing asset base, from $21,223 in 2015 to $160,203 in 2024, demonstrating financial stability.
Low liabilities relative to assets, with liabilities at $3,214 in 2024 against $160,203 in assets.
Consistent IRS 990 filing history (13 filings), indicating strong transparency and compliance.
Spending Breakdown
How Golden Isles Technical And Careerlearning Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 Golden Isles Technical And Careerlearning Inc
Is Golden Isles Technical And Careerlearning Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Golden Isles Technical And Careerlearning Inc (EIN: 203947219) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Golden Isles Technical And Careerlearning Inc a good charity to donate to?
Golden Isles Technical And Careerlearning Inc has a Mission Score of 95/100. Revenue: $211K. Assets: $231K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Golden Isles Technical And Careerlearning Inc?
The Employer Identification Number (EIN) for Golden Isles Technical And Careerlearning Inc is 203947219. 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 Golden Isles Technical And Careerlearning Inc spend its money?
Golden Isles Technical And Careerlearning Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Golden Isles Technical And Careerlearning Inc's tax-exempt status?
You can verify Golden Isles Technical And Careerlearning Inc's tax-exempt status using EIN 203947219 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
Golden Isles Technical And Careerlearning Inc demonstrates a generally stable financial position with consistent revenue generation over the past decade. In the latest filing (Period 202406), the organization reported revenues of $160,491 against expenses of $104,097, indicating a healthy surplus. Assets have shown growth, reaching $160,203 in 2024, up from $21,223 in 2015, suggesting prudent financial management and asset accumulation. The organization consistently reports 0% officer compensation, which is a strong indicator of transparency and a focus on directing funds towards its mission rather than executive salaries.
Spending efficiency appears strong, especially given the consistent surpluses in most years. For instance, in 2024, expenses were significantly lower than revenue, allowing for asset growth. The absence of officer compensation further enhances the perception of efficient resource allocation. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the overall financial health and the lack of executive compensation suggest a lean operational model.
Transparency is high due to the consistent filing of IRS Form 990s and the clear reporting of 0% officer compensation across all available periods. This commitment to public disclosure and the apparent volunteer-driven leadership structure contribute positively to the organization's transparency profile. The organization's financial trajectory indicates a well-managed entity, effectively utilizing its resources.