Quick charity verification for Idaho Business For Education Inc (EIN: 203565109)
Verdict: Idaho Business For Education Inc appears trustworthy
85/100Mission Score
$2.0MRevenue
$296KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Strong revenue growth, increasing from $1,087,133 in 2022 to $1,683,498 in 2023.
Consistent positive net income, with revenue exceeding expenses in most years, notably in 2023 ($1,683,498 revenue vs. $1,349,575 expenses).
Healthy asset accumulation, growing from $371,404 in 2022 to $719,024 in 2023.
Very low liabilities relative to assets, indicating strong financial health (e.g., $27,674 liabilities vs. $719,024 assets in 2023).
0% reported officer compensation across all filings, suggesting efficient use of funds or volunteer leadership.
Spending Breakdown
How Idaho Business For Education Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
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 Idaho Business For Education Inc
Is Idaho Business For Education Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Idaho Business For Education Inc (EIN: 203565109) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is Idaho Business For Education Inc a good charity to donate to?
Idaho Business For Education Inc has a Mission Score of 85/100. Revenue: $2.0M. Assets: $296K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Idaho Business For Education Inc?
The Employer Identification Number (EIN) for Idaho Business For Education Inc is 203565109. 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 Idaho Business For Education Inc spend its money?
Idaho Business For Education Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Idaho Business For Education Inc's tax-exempt status?
You can verify Idaho Business For Education Inc's tax-exempt status using EIN 203565109 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
Idaho Business For Education Inc (IBE) demonstrates a generally healthy financial trajectory, with significant revenue growth observed in recent years. Revenue increased from $1,087,133 in 2022 to $1,683,498 in 2023, indicating strong donor support or successful fundraising efforts. The organization consistently spends less than it brings in, as evidenced by expenses of $1,349,575 against revenues of $1,683,498 in 2023, contributing to a healthy accumulation of assets, which grew from $371,404 in 2022 to $719,024 in 2023. This financial stability suggests good stewardship of resources.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise assessment is challenging. However, the consistent positive net income (revenue exceeding expenses) across most years, particularly the substantial surplus in 2023, suggests efficient management of overall expenditures. The organization's liabilities remain very low relative to its assets, with liabilities of $27,674 against assets of $719,024 in 2023, indicating a strong financial position and minimal debt burden.
Transparency appears to be a strong point, as the organization consistently reports 0% officer compensation across all available filings. This indicates that executive leadership is either volunteer-based or compensated through other means not categorized as 'officer compensation' on the 990, which is a positive sign for donor confidence. The consistent filing of IRS Form 990s over 12 periods also demonstrates a commitment to regulatory compliance and public disclosure.