Is Greater Bossier Economic Development…

Quick charity verification for Greater Bossier Economic Development Foundation (EIN: 201024559)

Spending Breakdown

How Greater Bossier Economic Development Foundation 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 Greater Bossier Economic Development Foundation

Is Greater Bossier Economic Development Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Greater Bossier Economic Development Foundation (EIN: 201024559) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.

Is Greater Bossier Economic Development Foundation a good charity to donate to?

Greater Bossier Economic Development Foundation has a Mission Score of 92/100. Revenue: $551K. Assets: $1.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Greater Bossier Economic Development Foundation?

The Employer Identification Number (EIN) for Greater Bossier Economic Development Foundation is 201024559. 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 Bossier Economic Development Foundation spend its money?

Greater Bossier Economic Development Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Greater Bossier Economic Development Foundation's tax-exempt status?

You can verify Greater Bossier Economic Development Foundation's tax-exempt status using EIN 201024559 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 Bossier Economic Development Foundation demonstrates consistent financial activity, with revenues and expenses generally in close alignment over the past decade. For instance, in 2023, revenue was $522,973 against expenses of $510,994, indicating a lean operational margin. The organization's assets have shown growth, increasing from $713,448 in 2014 to $1,288,834 in 2023, suggesting sound financial management and accumulation of resources. A notable aspect is the reported 0% officer compensation across all available filings, which significantly enhances its transparency and efficiency profile, as it implies either volunteer leadership or compensation is not reported in this category.

Spending efficiency appears high, particularly given the 0% officer compensation. This suggests that a very high proportion of its expenses are directed towards its programs and administrative overhead, rather than executive salaries. The organization's liabilities have fluctuated, with a significant increase in 2022 and 2023 ($327,059 and $285,015 respectively) compared to prior years where liabilities were minimal (e.g., $5,645 in 2021). This recent increase in liabilities warrants further investigation to understand its nature and impact on financial health.

Overall, the foundation appears financially stable with a growing asset base and a strong commitment to directing resources towards its mission, as evidenced by the lack of reported officer compensation. The recent increase in liabilities is a point to monitor, but the consistent revenue generation and asset growth paint a picture of a well-managed organization.

Is Greater Bossier Economic Development Foundation Legit?

Verdict: Greater Bossier Economic Development Foundation appears trustworthy

Red Flags

Strengths