Is Greenwich Alliance For Educationfoundation Inc Legit?
Quick charity verification for Greenwich Alliance For Educationfoundation Inc (EIN: 204356460)
Verdict: Greenwich Alliance For Educationfoundation Inc appears trustworthy
95/100Mission Score
$1.0MRevenue
$1.8MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation, indicating high dedication to mission.
Strong asset growth from $846,805 in 2021 to $1,596,615 in 2023.
Healthy revenue exceeding expenses in recent years, demonstrating financial sustainability.
Low liabilities relative to assets, indicating sound financial management.
Consistent IRS 990 filing history over 13 periods, showing transparency.
Spending Breakdown
How Greenwich Alliance For Educationfoundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Greenwich Alliance For Educationfoundation Inc
Is Greenwich Alliance For Educationfoundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Greenwich Alliance For Educationfoundation Inc (EIN: 204356460) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Greenwich Alliance For Educationfoundation Inc a good charity to donate to?
Greenwich Alliance For Educationfoundation Inc has a Mission Score of 95/100. Revenue: $1.0M. Assets: $1.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Greenwich Alliance For Educationfoundation Inc?
The Employer Identification Number (EIN) for Greenwich Alliance For Educationfoundation Inc is 204356460. 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 Greenwich Alliance For Educationfoundation Inc spend its money?
Greenwich Alliance For Educationfoundation Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Greenwich Alliance For Educationfoundation Inc's tax-exempt status?
You can verify Greenwich Alliance For Educationfoundation Inc's tax-exempt status using EIN 204356460 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
Greenwich Alliance For Educationfoundation Inc demonstrates strong financial health and efficient spending, particularly in its most recent filing period. In 2023, the organization reported revenues of $965,212 against expenses of $677,884, resulting in a healthy surplus that contributed to an increase in assets to $1,596,615. This trend of revenue exceeding expenses is consistent over the past three years, indicating sustainable operations and growth. The organization's commitment to its mission is further evidenced by its consistent reporting of 0% officer compensation, which is a significant indicator of transparency and dedication to program services.
The organization's spending efficiency appears high, with a substantial portion of its budget likely directed towards programs given the absence of executive compensation. The growth in assets from $846,805 in 2021 to $1,596,615 in 2023, alongside relatively low liabilities, suggests prudent financial management. The consistent filing of IRS 990 forms over 13 periods also points to a commitment to transparency and regulatory compliance, allowing stakeholders to track its financial performance over time.
Overall, Greenwich Alliance For Educationfoundation Inc exhibits a robust financial position, efficient use of funds, and a high degree of transparency, making it a financially sound and accountable nonprofit.