Extreme volatility in revenue and assets across years, making consistent financial planning and analysis challenging.
Lack of reported officer compensation for an organization with over $10 million in revenue could indicate an unusual operational model or potential for hidden compensation through other means.
Strengths
Zero reported officer compensation across all filings, indicating a strong commitment to directing funds to the mission.
Significant growth in revenue and assets in the latest filing (202312), demonstrating strong fundraising or grant acquisition capabilities.
Accumulation of substantial assets ($10,264,443 in 2023) provides a strong financial foundation for future initiatives.
Spending Breakdown
How Greektown Neighborhood Partnership 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 Greektown Neighborhood Partnership
Is Greektown Neighborhood Partnership a legitimate charity?
Based on AI analysis of IRS 990 filings, Greektown Neighborhood Partnership (EIN: 203221715) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Greektown Neighborhood Partnership a good charity to donate to?
Greektown Neighborhood Partnership has a Mission Score of 85/100. Revenue: $973K. Assets: $9.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Greektown Neighborhood Partnership?
The Employer Identification Number (EIN) for Greektown Neighborhood Partnership is 203221715. 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 Greektown Neighborhood Partnership spend its money?
Greektown Neighborhood Partnership allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Greektown Neighborhood Partnership's tax-exempt status?
You can verify Greektown Neighborhood Partnership's tax-exempt status using EIN 203221715 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
Greektown Neighborhood Partnership demonstrates a highly variable financial trajectory, with a significant surge in revenue and assets in its latest filing (202312). Revenue jumped from $309,819 in 2022 to over $10.6 million in 2023, and assets grew from $209,207 to over $10.2 million in the same period. This dramatic increase suggests a major new funding initiative or project. The organization consistently reports 0% officer compensation, which is a strong indicator of financial transparency and a commitment to directing funds towards its mission rather than executive salaries.
While the latest filing shows expenses at $661,041 against $10.6 million in revenue, indicating a substantial surplus, a detailed breakdown of program, administrative, and fundraising expenses is needed to fully assess spending efficiency. The consistent lack of reported officer compensation across all filings is a positive sign for transparency. However, the extreme fluctuations in revenue and assets warrant closer examination to understand the underlying financial strategy and sustainability of such large-scale changes.
Overall, the organization appears to be in a strong financial position based on its latest filing, with significant assets and a large revenue base. The absence of executive compensation is a notable strength in terms of transparency and resource allocation. Further details on the allocation of the substantial 2023 revenue and the nature of the asset growth would provide a more complete picture of its operational efficiency and long-term financial health.