Consistent asset growth, from $553,575 in 2014 to $997,643 currently, indicating strong financial health.
Zero reported officer compensation across all filings, demonstrating a highly efficient and volunteer-driven leadership model.
Revenues consistently exceed expenses in most periods, leading to a healthy surplus and asset accumulation.
Long filing history (13 filings) shows sustained operation and transparency.
Spending Breakdown
How Impact 100 Owensboro Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 Impact 100 Owensboro Inc
Is Impact 100 Owensboro Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Impact 100 Owensboro Inc (EIN: 203338126) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
Is Impact 100 Owensboro Inc a good charity to donate to?
Impact 100 Owensboro Inc has a Mission Score of 90/100. Revenue: $399K. Assets: $998K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Impact 100 Owensboro Inc?
The Employer Identification Number (EIN) for Impact 100 Owensboro Inc is 203338126. 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 Impact 100 Owensboro Inc spend its money?
Impact 100 Owensboro Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Impact 100 Owensboro Inc's tax-exempt status?
You can verify Impact 100 Owensboro Inc's tax-exempt status using EIN 203338126 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
Impact 100 Owensboro Inc demonstrates consistent financial activity, with revenues generally exceeding expenses over the past decade, contributing to a steady growth in assets from $553,575 in 2014 to $997,643 currently. The organization's financial health appears stable, maintaining a healthy asset base relative to its liabilities. A notable aspect of its operations is the complete absence of officer compensation reported across all available filings, suggesting a volunteer-driven leadership model which can significantly reduce administrative overhead.
While specific program spending percentages are not detailed in the provided summary, the consistent positive net income (revenue minus expenses) indicates effective management of resources. For instance, in 2023, revenue was $303,135 against expenses of $293,557, resulting in a surplus. The lack of officer compensation is a strong indicator of transparency and a commitment to directing funds towards the mission, though a detailed breakdown of program, administrative, and fundraising expenses would provide a more complete picture of spending efficiency.
Overall, Impact 100 Owensboro Inc appears to be a financially sound organization with a strong commitment to its mission, as evidenced by its asset growth and zero executive compensation. Further analysis of detailed expense categories would solidify the assessment of spending efficiency, but the current data suggests a well-managed and transparent operation.