Quick charity verification for Historic Fort Wayne Inc (EIN: 202547561)
Verdict: Historic Fort Wayne Inc appears trustworthy
85/100Mission Score
$577KRevenue
$1.4MAssets
1Red Flags
4Strengths
Red Flags
Very low expense ratio relative to revenue, potentially indicating significant fund retention rather than immediate program spending, which may warrant further inquiry into program activities.
Strengths
Consistent asset growth, indicating strong financial health and sustainability.
Zero reported officer compensation, suggesting a highly efficient and potentially volunteer-driven leadership structure.
No reported liabilities across all filing periods, demonstrating excellent financial stability.
Extremely low expenses relative to revenue, indicating high operational efficiency.
Spending Breakdown
How Historic Fort Wayne Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Historic Fort Wayne Inc
Is Historic Fort Wayne Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Historic Fort Wayne Inc (EIN: 202547561) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Historic Fort Wayne Inc a good charity to donate to?
Historic Fort Wayne Inc has a Mission Score of 85/100. Revenue: $577K. Assets: $1.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Historic Fort Wayne Inc?
The Employer Identification Number (EIN) for Historic Fort Wayne Inc is 202547561. 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 Historic Fort Wayne Inc spend its money?
Historic Fort Wayne Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Historic Fort Wayne Inc's tax-exempt status?
You can verify Historic Fort Wayne Inc's tax-exempt status using EIN 202547561 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
Historic Fort Wayne Inc. demonstrates a strong financial position with consistently growing assets, reaching $1,425,135 in the latest period. The organization's revenue has shown significant fluctuations, with a notable spike to $355,910 in 2023, following a period of lower revenue. A key characteristic is the extremely low reported expenses relative to revenue in most years, particularly in 2023 where expenses were only $36,854 against $355,910 in revenue. This suggests either highly efficient operations or that a significant portion of revenue is being retained for future projects or asset growth rather than immediate program spending. The consistent reporting of zero officer compensation across all filings indicates a volunteer-led or very lean administrative structure, contributing to high financial efficiency in terms of personnel costs. The organization's transparency is good, with a consistent filing history, and the absence of liabilities in all reported periods is a positive indicator of financial stability.