Is Igbobi College Old Boys Association Na Inc Legit?
Quick charity verification for Igbobi College Old Boys Association Na Inc (EIN: 205101980)
Verdict: Igbobi College Old Boys Association Na Inc appears trustworthy
92/100Mission Score
$193KRevenue
$261KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth from $77,952 in 2018 to $221,366 in 2023.
Zero reported liabilities across all six filing periods, indicating excellent financial management.
0% officer compensation reported consistently, demonstrating a volunteer-driven leadership and commitment to mission.
Revenue growth, particularly a significant jump from $52,253 in 2021 to $130,858 in 2022.
Expenses consistently well below revenue, suggesting efficient operations and good financial stewardship.
Spending Breakdown
How Igbobi College Old Boys Association Na 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 Igbobi College Old Boys Association Na Inc
Is Igbobi College Old Boys Association Na Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Igbobi College Old Boys Association Na Inc (EIN: 205101980) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Igbobi College Old Boys Association Na Inc a good charity to donate to?
Igbobi College Old Boys Association Na Inc has a Mission Score of 92/100. Revenue: $193K. Assets: $261K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Igbobi College Old Boys Association Na Inc?
The Employer Identification Number (EIN) for Igbobi College Old Boys Association Na Inc is 205101980. 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 Igbobi College Old Boys Association Na Inc spend its money?
Igbobi College Old Boys Association Na Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Igbobi College Old Boys Association Na Inc's tax-exempt status?
You can verify Igbobi College Old Boys Association Na Inc's tax-exempt status using EIN 205101980 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
Igbobi College Old Boys Association Na Inc demonstrates a strong and consistent financial position, with assets growing steadily from $77,952 in 2018 to $221,366 in 2023. The organization has consistently reported zero liabilities, indicating excellent financial management and no reliance on debt. Revenue has shown significant growth, particularly between 2021 and 2022, jumping from $52,253 to $130,858, and maintaining a healthy level at $104,402 in 2023. This growth in revenue, coupled with controlled expenses, suggests a well-managed and financially stable organization.
The organization's spending efficiency appears robust, with expenses consistently lower than revenue across all reported periods. For instance, in 2023, expenses were $51,197 against $104,402 in revenue, indicating a significant portion of funds are retained or directed towards future programs. The consistent reporting of 0% officer compensation across all filings is a strong indicator of volunteer-driven leadership and a commitment to directing funds towards the mission rather than administrative salaries. This practice enhances donor confidence and reflects a high degree of financial prudence.
Transparency is high, as evidenced by the consistent filing of IRS Form 990s and the clear reporting of financial metrics. The absence of officer compensation simplifies financial analysis and highlights a lean operational model. The steady asset growth without incurring liabilities further underscores a transparent and responsible approach to financial stewardship, making it easier for stakeholders to understand where funds are coming from and how they are being managed.