Significant increase in liabilities from $206,871 in 2020 to $1,459,162 in 2023 without clear explanation in summary data.
Strengths
Consistent reporting of 0% officer compensation, indicating strong resource allocation to mission.
Steady revenue generation over the past decade, demonstrating operational stability.
Significant growth in assets from $582,551 in 2020 to $1,975,346 in 2023, strengthening financial position.
Expenses consistently align closely with revenues, suggesting efficient financial management.
Spending Breakdown
How Grow Southwest Indiana Workforceboard 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 Grow Southwest Indiana Workforceboard Inc
Is Grow Southwest Indiana Workforceboard Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Grow Southwest Indiana Workforceboard Inc (EIN: 205064047) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Grow Southwest Indiana Workforceboard Inc a good charity to donate to?
Grow Southwest Indiana Workforceboard Inc has a Mission Score of 85/100. Revenue: $5.3M. Assets: $1.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Grow Southwest Indiana Workforceboard Inc?
The Employer Identification Number (EIN) for Grow Southwest Indiana Workforceboard Inc is 205064047. 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 Grow Southwest Indiana Workforceboard Inc spend its money?
Grow Southwest Indiana Workforceboard Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Grow Southwest Indiana Workforceboard Inc's tax-exempt status?
You can verify Grow Southwest Indiana Workforceboard Inc's tax-exempt status using EIN 205064047 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
Grow Southwest Indiana Workforceboard Inc demonstrates consistent financial activity, with revenues and expenses generally balancing out over the past decade. The organization's assets have shown significant growth, nearly tripling from $582,551 in 2020 to $1,975,346 in 2023, indicating a strengthening financial position. However, liabilities have also increased substantially, from $206,871 in 2020 to $1,459,162 in 2023, which warrants closer examination to understand the nature of these obligations. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards its mission, and also implies that executive leadership may be compensated through other means or is volunteer-based, which enhances its transparency regarding direct compensation from the organization's budget.