Quick charity verification for Illinois Network Of Charter Schools (EIN: 141862409)
Verdict: Illinois Network Of Charter Schools appears trustworthy
75/100Mission Score
$5.6MRevenue
$9.7MAssets
1Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported, which is unusual for an organization of this scale and warrants further investigation into leadership compensation practices.
Strengths
Consistent revenue generation, with the latest revenue at $4,515,692 in 2023.
Strong asset growth, increasing from $4,911,796 in 2014 to $9,932,494 in 2023.
Generally positive net income (revenue exceeding expenses) in most reported years, indicating financial sustainability.
Relatively low liabilities compared to assets, suggesting a healthy balance sheet.
Spending Breakdown
How Illinois Network Of Charter Schools allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Illinois Network Of Charter Schools
Is Illinois Network Of Charter Schools a legitimate charity?
Based on AI analysis of IRS 990 filings, Illinois Network Of Charter Schools (EIN: 141862409) appears trustworthy. Mission Score: 75/100. 1 red flag identified, 4 strengths noted.
Is Illinois Network Of Charter Schools a good charity to donate to?
Illinois Network Of Charter Schools has a Mission Score of 75/100. Revenue: $5.6M. Assets: $9.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Illinois Network Of Charter Schools?
The Employer Identification Number (EIN) for Illinois Network Of Charter Schools is 141862409. 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 Illinois Network Of Charter Schools spend its money?
Illinois Network Of Charter Schools allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Illinois Network Of Charter Schools's tax-exempt status?
You can verify Illinois Network Of Charter Schools's tax-exempt status using EIN 141862409 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 Illinois Network Of Charter Schools demonstrates a generally stable financial position with consistent revenue streams over the past decade. In the most recent filing (202312), the organization reported revenue of $4,515,692 against expenses of $4,242,046, indicating a surplus. Assets have shown significant growth, increasing from $4,911,796 in 2014 to $9,932,494 in 2023, suggesting effective asset management and accumulation. Liabilities have fluctuated but remain a relatively small portion of total assets, with $1,895,667 in liabilities against $9,932,494 in assets in 2023, which is a healthy ratio. The consistent reporting of 0% officer compensation across all available filings is a notable aspect of their transparency and financial management, indicating that executive leadership is not drawing salaries directly from the organization's funds in a way that is reported as officer compensation on the 990, or that such compensation is reported under other expense categories. This practice, if it means no compensation, would be highly unusual for an organization of this size and could warrant further investigation into how leadership is compensated, if at all. Overall, the organization appears to be financially sound with a positive trend in asset growth and responsible expense management relative to its revenue.