Is Greater Wichita Economic Development Coalition Inc Legit?
Quick charity verification for Greater Wichita Economic Development Coalition Inc (EIN: 200461110)
Verdict: Greater Wichita Economic Development Coalition Inc appears trustworthy
75/100Mission Score
$0Revenue
$0Assets
1Red Flags
4Strengths
Red Flags
Experienced operating deficits in two of the four reported periods (2013 and 2014).
Strengths
Consistent revenue generation exceeding $1.3 million annually.
Strong asset base consistently exceeding liabilities.
Reported 0% officer compensation across all filings, indicating efficient use of funds at the executive level.
Consistent IRS 990 filing history demonstrates good transparency.
Spending Breakdown
How Greater Wichita Economic Development Coalition Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Wichita Economic Development Coalition Inc
Is Greater Wichita Economic Development Coalition Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Wichita Economic Development Coalition Inc (EIN: 200461110) appears trustworthy. Mission Score: 75/100. 1 red flag identified, 4 strengths noted.
Is Greater Wichita Economic Development Coalition Inc a good charity to donate to?
Greater Wichita Economic Development Coalition Inc has a Mission Score of 75/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Greater Wichita Economic Development Coalition Inc?
The Employer Identification Number (EIN) for Greater Wichita Economic Development Coalition Inc is 200461110. 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 Wichita Economic Development Coalition Inc spend its money?
Greater Wichita Economic Development Coalition Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Greater Wichita Economic Development Coalition Inc's tax-exempt status?
You can verify Greater Wichita Economic Development Coalition Inc's tax-exempt status using EIN 200461110 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 Wichita Economic Development Coalition Inc. appears to be a financially stable organization, consistently generating over $1.3 million in revenue annually across its reported filings. While the organization experienced a slight deficit in 2013 and 2014, with expenses exceeding revenue by $280,068 and $74,237 respectively, its asset base remained robust, indicating a capacity to absorb these shortfalls. The organization's assets consistently exceeded its liabilities, demonstrating a healthy balance sheet.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent revenue generation and the fact that officer compensation is reported as 0% across all periods suggest a lean operational structure at the executive level. The organization's ability to maintain significant assets while incurring occasional deficits suggests a strategic approach to managing its financial resources.
Transparency is generally good, with consistent IRS 990 filings available. The lack of reported officer compensation is a positive indicator for transparency regarding executive pay. However, without more granular expense data, a complete picture of how funds are allocated across different functions (programs, administration, fundraising) cannot be fully determined from the provided summary.