Quick charity verification for Guilford Development Corp (EIN: 10282197)
Verdict: Guilford Development Corp shows mixed signals
60/100Mission Score
$313KRevenue
$571KAssets
3Red Flags
3Strengths
Red Flags
Persistent negative net assets (liabilities consistently exceed assets)
Long-term trend of increasing liabilities relative to assets
Lack of detailed expense breakdown (program, admin, fundraising) in provided data
Strengths
Consistent annual revenue stream over the past decade
Reported 0% officer compensation, indicating efficient use of funds or volunteer leadership
Stable expense levels closely matching revenue, suggesting operational control
Spending Breakdown
How Guilford Development Corp 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 Guilford Development Corp
Is Guilford Development Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Guilford Development Corp (EIN: 10282197) shows mixed signals. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.
Is Guilford Development Corp a good charity to donate to?
Guilford Development Corp has a Mission Score of 60/100. Revenue: $313K. Assets: $571K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Guilford Development Corp?
The Employer Identification Number (EIN) for Guilford Development Corp is 10282197. 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 Guilford Development Corp spend its money?
Guilford Development Corp allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Guilford Development Corp's tax-exempt status?
You can verify Guilford Development Corp's tax-exempt status using EIN 10282197 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
Guilford Development Corp appears to be a stable organization with consistent revenue streams, averaging around $330,000-$340,000 annually over the past decade. However, a significant concern is the organization's long-term financial health, as its liabilities have consistently exceeded its assets, indicating a negative net asset position. For instance, in 2022, assets were $647,797 while liabilities stood at $1,162,831. This trend of increasing liabilities relative to assets over time suggests potential solvency issues or a reliance on debt financing.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the organization generally spends close to its revenue, with expenses often slightly exceeding or closely matching revenue, as seen in 2022 where revenue was $332,939 and expenses were $330,738. The consistent reporting of 0% officer compensation across all available filings suggests good transparency regarding executive pay, or that executive roles are unpaid, which is a positive indicator for donor trust. However, the overall financial structure with high liabilities warrants closer examination.