Quick charity verification for Ida Grove Community Foundation Inc (EIN: 200774022)
Verdict: Ida Grove Community Foundation Inc appears trustworthy
90/100Mission Score
$157KRevenue
$526KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent positive net assets and no reported liabilities, indicating strong financial health.
Zero officer compensation reported, suggesting highly efficient administrative costs.
Long history of IRS 990 filings (17 filings), demonstrating commitment to transparency and compliance.
Revenues consistently exceeding expenses in recent years, allowing for asset growth.
Stable asset base, growing from $369,628 in 2018 to $466,291 in 2023.
Spending Breakdown
How Ida Grove Community Foundation Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Ida Grove Community Foundation Inc
Is Ida Grove Community Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ida Grove Community Foundation Inc (EIN: 200774022) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Ida Grove Community Foundation Inc a good charity to donate to?
Ida Grove Community Foundation Inc has a Mission Score of 90/100. Revenue: $157K. Assets: $526K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ida Grove Community Foundation Inc?
The Employer Identification Number (EIN) for Ida Grove Community Foundation Inc is 200774022. 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 Ida Grove Community Foundation Inc spend its money?
Ida Grove Community Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ida Grove Community Foundation Inc's tax-exempt status?
You can verify Ida Grove Community Foundation Inc's tax-exempt status using EIN 200774022 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 Ida Grove Community Foundation Inc. demonstrates consistent financial health with a stable asset base and no reported liabilities across its recent filings. For the fiscal year 2023, the organization reported revenues of $125,257 against expenses of $97,829, indicating a positive operating margin. The foundation's assets have grown over time, reaching $466,291 in 2023, up from $369,628 in 2018, showcasing prudent financial management and growth in its endowment or investment funds. The organization's transparency is high, particularly given its consistent reporting of zero officer compensation, which suggests a volunteer-driven leadership model or very low administrative overhead related to executive pay.
Spending efficiency appears strong, with expenses consistently lower than revenues in recent years, allowing for asset accumulation. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the absence of officer compensation implies a significant portion of funds likely goes directly to its charitable purpose or is retained for future grantmaking. The foundation's consistent filing of IRS Form 990s over 17 periods further underscores its commitment to regulatory compliance and transparency, providing a clear historical record of its financial activities. The lack of liabilities is a significant positive indicator of financial stability.