Quick charity verification for Grameen America Inc (EIN: 208497991)
Verdict: Grameen America Inc appears trustworthy
90/100Mission Score
$141.8MRevenue
$526.2MAssets
2Red Flags
4Strengths
Red Flags
Lack of detailed expense breakdown (program, admin, fundraising) in provided data
Unusually high and consistent 0% officer compensation, warranting further investigation into executive remuneration practices
Strengths
Exceptional financial growth in both revenue and assets over the past decade
Consistent reporting of 0% officer compensation, indicating strong commitment to mission-focused spending
Strong asset base ($374.4 million in 2023) relative to liabilities ($174.1 million), suggesting financial stability
Clear mission (Microfinance and Microenterprise Support) aligns with observed financial scale
Spending Breakdown
How Grameen America Inc 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 Grameen America Inc
Is Grameen America Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Grameen America Inc (EIN: 208497991) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
Is Grameen America Inc a good charity to donate to?
Grameen America Inc has a Mission Score of 90/100. Revenue: $141.8M. Assets: $526.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Grameen America Inc?
The Employer Identification Number (EIN) for Grameen America Inc is 208497991. 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 Grameen America Inc spend its money?
Grameen America Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Grameen America Inc's tax-exempt status?
You can verify Grameen America Inc's tax-exempt status using EIN 208497991 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
Grameen America Inc. demonstrates robust financial health and significant growth over the past decade. The organization's revenue has surged from $17.2 million in 2014 to $83.3 million in 2023, with assets growing from $45.5 million to $374.4 million in the same period. This substantial expansion indicates strong donor confidence and effective fundraising. The organization consistently reports zero officer compensation, which is a highly unusual and positive indicator of financial transparency and a commitment to directing funds towards its mission rather than executive salaries. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is challenging. The NTEE code S31 (Microfinance and Microenterprise Support) suggests a focus on direct program services, which aligns with the observed financial growth and asset accumulation.