Is Griffiss Local Development Corporation…

Quick charity verification for Griffiss Local Development Corporation (EIN: 161471446)

Spending Breakdown

How Griffiss Local Development Corporation allocates its funds across programs, administration, and fundraising.

85%

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 Griffiss Local Development Corporation

Is Griffiss Local Development Corporation a legitimate charity?

Based on AI analysis of IRS 990 filings, Griffiss Local Development Corporation (EIN: 161471446) appears trustworthy. Mission Score: 80/100. 1 red flag identified, 3 strengths noted.

Is Griffiss Local Development Corporation a good charity to donate to?

Griffiss Local Development Corporation has a Mission Score of 80/100. Revenue: $5.1M. Assets: $27.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Griffiss Local Development Corporation?

The Employer Identification Number (EIN) for Griffiss Local Development Corporation is 161471446. 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 Griffiss Local Development Corporation spend its money?

Griffiss Local Development Corporation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Griffiss Local Development Corporation's tax-exempt status?

You can verify Griffiss Local Development Corporation's tax-exempt status using EIN 161471446 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

Griffiss Local Development Corporation demonstrates consistent financial activity, with revenues and expenses generally in the range of $3.2 million to $7.2 million over the past decade. In the most recent filing (202312), the organization reported revenues of $6,476,737 against expenses of $5,706,612, indicating a surplus for the year. The organization's assets have fluctuated, peaking around $40 million in 2014 and currently standing at $29,658,889, while liabilities have also varied, reaching $17 million in 2014 and $10,974,049 in 2023. This suggests a stable, albeit dynamic, financial position. 

The organization's spending efficiency appears reasonable given its operational scale, with expenses generally aligning with or slightly below revenues in most recent years, indicating responsible management of resources. A notable aspect of its financial structure is the consistent reporting of 0% officer compensation across all available filings, which suggests either a volunteer-led executive team or compensation being reported under different categories, warranting further investigation for full transparency. 

Overall, the organization exhibits a generally healthy financial profile with consistent operations and asset management. The absence of reported officer compensation is a significant transparency point that could be clarified to provide a more complete picture of its administrative structure and costs.

Is Griffiss Local Development Corporation Legit?

Verdict: Griffiss Local Development Corporation appears trustworthy

Red Flags

Strengths