Is Harrison County Economic Development Corporation Legit?
Quick charity verification for Harrison County Economic Development Corporation (EIN: 201076473)
Verdict: Harrison County Economic Development Corporation appears trustworthy
75/100Mission Score
$827KRevenue
$9.3MAssets
2Red Flags
3Strengths
Red Flags
Consistently high liabilities relative to assets, indicating potential financial leverage or debt dependence.
0% officer compensation reported, which is unusual and may obscure true executive costs if compensation is reported elsewhere.
Strengths
Consistent operational activity over many years, indicating stability.
No reported officer compensation, suggesting a strong commitment to directing funds to mission or volunteer leadership.
Maintains a substantial asset base of over $9 million, providing significant resources for its economic development mission.
Spending Breakdown
How Harrison County Economic Development Corporation 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 Harrison County Economic Development Corporation
Is Harrison County Economic Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Harrison County Economic Development Corporation (EIN: 201076473) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Harrison County Economic Development Corporation a good charity to donate to?
Harrison County Economic Development Corporation has a Mission Score of 75/100. Revenue: $827K. Assets: $9.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Harrison County Economic Development Corporation?
The Employer Identification Number (EIN) for Harrison County Economic Development Corporation is 201076473. 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 Harrison County Economic Development Corporation spend its money?
Harrison County Economic Development Corporation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Harrison County Economic Development Corporation's tax-exempt status?
You can verify Harrison County Economic Development Corporation's tax-exempt status using EIN 201076473 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
The Harrison County Economic Development Corporation demonstrates consistent financial activity, with revenues and expenses fluctuating but generally maintaining a stable operational scale. Over the past five years, revenues have ranged from $286,335 (2021) to $547,201 (2019), while expenses have been between $303,527 (2023) and $477,241 (2019). The organization consistently reports 0% officer compensation, which is a significant positive indicator for transparency and resource allocation directly to its mission. However, the high proportion of liabilities relative to assets, such as $6,331,506 in liabilities against $9,249,691 in assets in 2023, suggests a substantial reliance on debt or other obligations, which warrants closer examination to understand its long-term financial stability and risk profile. The organization's assets have seen a slight decline from a peak of over $10 million in 2020 to $9.2 million in 2023, indicating a potential reduction in overall financial capacity or strategic asset management shifts.