Is Gorham 4 Th Of July Committee Legit? —…

Quick charity verification for Gorham 4 Th Of July Committee (EIN: 20447459)

Strengths

Zero officer compensation across all filings, indicating volunteer-led operations and high efficiency.
Consistent positive asset balance, demonstrating financial stability (e.g., $24,190 in 2023).
No reported liabilities in any filing period, suggesting excellent financial management.
Consistent filing of IRS Form 990s, indicating strong transparency.
Revenue generally covers expenses, with a positive net in most years (e.g., 2023 revenue $24,533 vs. expenses $23,331).

Spending Breakdown

How Gorham 4 Th Of July Committee allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

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 Gorham 4 Th Of July Committee

Is Gorham 4 Th Of July Committee a legitimate charity?

Based on AI analysis of IRS 990 filings, Gorham 4 Th Of July Committee (EIN: 20447459) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.

Is Gorham 4 Th Of July Committee a good charity to donate to?

Gorham 4 Th Of July Committee has a Mission Score of 95/100. Revenue: $31K. Assets: $28K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Gorham 4 Th Of July Committee?

The Employer Identification Number (EIN) for Gorham 4 Th Of July Committee is 20447459. 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 Gorham 4 Th Of July Committee spend its money?

Gorham 4 Th Of July Committee allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Gorham 4 Th Of July Committee's tax-exempt status?

You can verify Gorham 4 Th Of July Committee's tax-exempt status using EIN 20447459 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 Gorham 4th of July Committee demonstrates consistent financial stability, operating with a lean structure and no reported liabilities across all available filings. Their revenue and expenses fluctuate annually, typical for an event-based organization, but they consistently maintain positive assets. For example, in 2023, they reported $24,533 in revenue against $23,331 in expenses, contributing to their $24,190 in assets. The organization's transparency is high, as evidenced by their consistent filing of IRS Form 990s and the absence of officer compensation, indicating that all funds are directed towards their mission. Their financial health appears robust for an organization of its size, with a healthy asset base relative to its annual revenue.

The committee's spending efficiency is excellent, primarily due to the complete absence of officer compensation, meaning all operational and program costs are covered by other expenditures. While a detailed breakdown of program versus administrative costs isn't explicitly provided in the summary data, the lack of executive salaries strongly suggests a high proportion of funds are directly applied to their community event. Their consistent ability to manage expenses within or close to their revenue, as seen in 2023 (expenses $23,331 vs. revenue $24,533), indicates prudent financial management.

Overall, the Gorham 4th of July Committee appears to be a well-managed and transparent nonprofit. Their consistent financial reporting, zero liabilities, and lack of executive compensation are strong indicators of a commitment to their mission and efficient use of donor funds. The organization's financial health is sound, with a steady growth in assets over the past few years, from $11,879 in 2020 to $24,190 in 2023.

Is Gorham 4 Th Of July Committee Legit?

Verdict: Gorham 4 Th Of July Committee appears trustworthy