Is Graves County High School Band Boosters Inc Legit?
Quick charity verification for Graves County High School Band Boosters Inc (EIN: 202248411)
Verdict: Graves County High School Band Boosters Inc appears trustworthy
90/100Mission Score
$14KRevenue
$15KAssets
1Red Flags
4Strengths
Red Flags
Expenses frequently exceed revenue in recent years (e.g., 2023: $12,547 expenses vs. $7,427 revenue; 2022: $24,111 expenses vs. $20,493 revenue), leading to a decline in assets.
Strengths
Consistently reports 0% officer compensation, indicating high volunteer engagement and low administrative overhead.
Maintains zero liabilities across all reported periods, demonstrating strong financial stability and no debt.
Regularly files IRS Form 990-EZ, ensuring transparency and public accountability.
Strong program focus implied by the lack of executive compensation and the nature of a booster club.
Spending Breakdown
How Graves County High School Band Boosters Inc allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
0%
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 Graves County High School Band Boosters Inc
Is Graves County High School Band Boosters Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Graves County High School Band Boosters Inc (EIN: 202248411) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Graves County High School Band Boosters Inc a good charity to donate to?
Graves County High School Band Boosters Inc has a Mission Score of 90/100. Revenue: $14K. Assets: $15K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Graves County High School Band Boosters Inc?
The Employer Identification Number (EIN) for Graves County High School Band Boosters Inc is 202248411. 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 Graves County High School Band Boosters Inc spend its money?
Graves County High School Band Boosters Inc allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Graves County High School Band Boosters Inc's tax-exempt status?
You can verify Graves County High School Band Boosters Inc's tax-exempt status using EIN 202248411 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
Graves County High School Band Boosters Inc operates as a small, volunteer-driven organization supporting the high school band. Its financial health shows some variability in revenue and expenses over the past decade, with recent years (2020-2023) generally showing expenses exceeding revenue, leading to a slight decline in assets from a peak of $23,681 in 2018 to $12,527 in 2023. However, the organization consistently reports zero liabilities, indicating a healthy balance sheet without debt. Given its nature as a booster club, its financial operations are likely tied directly to specific band activities and fundraising cycles.
Spending efficiency appears strong in terms of administrative overhead, as the organization reports 0% officer compensation across all filings, suggesting a high reliance on volunteer efforts. While specific program spending details aren't fully itemized in the summary data, the lack of executive compensation implies that the vast majority of funds are directed towards the band's needs. The organization's consistent filing of IRS Form 990-EZ demonstrates a commitment to transparency, providing public access to its financial activities.
Overall, the organization exhibits sound financial management for its size, prioritizing direct support for its mission without incurring debt or significant administrative costs. The fluctuations in revenue and expenses are typical for a booster club, reflecting varying levels of activity and fundraising success year-to-year. Its transparency is commendable through regular IRS filings and the absence of paid leadership.