Is Harry S Truman Community Development Corporation Legit?
Quick charity verification for Harry S Truman Community Development Corporation (EIN: 203079151)
Verdict: Harry S Truman Community Development Corporation shows mixed signals
45/100Mission Score
$373KRevenue
$5.0MAssets
3Red Flags
2Strengths
Red Flags
Persistent operating deficits (expenses consistently exceed revenue, e.g., $648,042 expenses vs. $354,561 revenue in 2024).
Declining asset base over the past decade (from $7.9M in 2015 to $5.2M in 2024).
Liabilities frequently exceed assets, indicating potential solvency issues (e.g., $7,279,523 liabilities vs. $5,245,536 assets in 2024).
Strengths
Consistent filing of IRS 990 forms, demonstrating transparency.
No reported officer compensation, indicating efficient use of funds at the executive level.
Spending Breakdown
How Harry S Truman Community Development Corporation allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 Harry S Truman Community Development Corporation
Is Harry S Truman Community Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Harry S Truman Community Development Corporation (EIN: 203079151) shows mixed signals. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
Is Harry S Truman Community Development Corporation a good charity to donate to?
Harry S Truman Community Development Corporation has a Mission Score of 45/100. Revenue: $373K. Assets: $5.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Harry S Truman Community Development Corporation?
The Employer Identification Number (EIN) for Harry S Truman Community Development Corporation is 203079151. 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 Harry S Truman Community Development Corporation spend its money?
Harry S Truman Community Development Corporation allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Harry S Truman Community Development Corporation's tax-exempt status?
You can verify Harry S Truman Community Development Corporation's tax-exempt status using EIN 203079151 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
Harry S Truman Community Development Corporation demonstrates consistent financial transparency through its regular IRS 990 filings. However, a significant concern is the persistent deficit spending, with expenses consistently exceeding revenue over the past decade. For example, in 2024, expenses were $648,042 against revenues of $354,561, and this trend is visible across all reported periods. This has led to a steady decline in assets from $7,906,034 in 2015 to $5,245,536 in 2024, while liabilities have remained high, often exceeding assets. The organization's financial health appears precarious due to this ongoing operational shortfall.
The spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses within the provided data. However, the consistent operating losses suggest that current revenue streams are insufficient to cover the organization's expenditures. The lack of reported officer compensation is a positive indicator regarding executive pay, but the overall financial strategy needs re-evaluation to ensure long-term sustainability. The organization's ability to continue its mission is at risk if these financial trends persist.