Is Greater Austin Economic Development Corporation Legit?
Quick charity verification for Greater Austin Economic Development Corporation (EIN: 200192975)
Verdict: Greater Austin Economic Development Corporation appears trustworthy
75/100Mission Score
$6.0MRevenue
$2.9MAssets
2Red Flags
3Strengths
Red Flags
Consistent operational deficits in recent years (e.g., 2023 expenses $5,028,369 vs. revenue $3,192,928)
Unusually low (0%) reported officer compensation for an organization of this size, which may obscure actual executive remuneration if reported elsewhere.
Strengths
Strong asset base relative to liabilities (e.g., 2023 assets $3,329,612 vs. liabilities $586,939)
Consistent filing of IRS 990s over 13 periods, indicating good regulatory compliance and transparency.
Mission-focused spending implied by 0% officer compensation, suggesting resources are directed elsewhere.
Spending Breakdown
How Greater Austin Economic Development Corporation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Greater Austin Economic Development Corporation
Is Greater Austin Economic Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Austin Economic Development Corporation (EIN: 200192975) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Greater Austin Economic Development Corporation a good charity to donate to?
Greater Austin Economic Development Corporation has a Mission Score of 75/100. Revenue: $6.0M. Assets: $2.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Greater Austin Economic Development Corporation?
The Employer Identification Number (EIN) for Greater Austin Economic Development Corporation is 200192975. 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 Greater Austin Economic Development Corporation spend its money?
Greater Austin Economic Development Corporation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Greater Austin Economic Development Corporation's tax-exempt status?
You can verify Greater Austin Economic Development Corporation's tax-exempt status using EIN 200192975 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 Greater Austin Economic Development Corporation demonstrates a generally stable financial position, though recent filings show a trend of expenses exceeding revenue. In 2023, expenses were $5,028,369 against revenues of $3,192,928, indicating a deficit. This follows a similar pattern in 2022 where expenses of $4,267,855 outpaced revenues of $3,944,259. While the organization maintains healthy assets relative to liabilities, with assets of $3,329,612 and liabilities of $586,939 in 2023, the consistent operational deficits warrant closer examination of their funding model or spending. The organization's NTEE code S41 (Economic Development) suggests a focus on community benefit, and the absence of reported officer compensation across all available filings indicates a strong commitment to directing funds towards its mission rather than executive salaries. However, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency. The consistent filing of IRS 990s over 13 periods demonstrates a commitment to regulatory transparency.