Is Indiana Economic Development Association Foundation Legit?

Quick charity verification for Indiana Economic Development Association Foundation (EIN: 203318486)

Verdict: Indiana Economic Development Association Foundation shows mixed signals

65/100Mission Score
$251KRevenue
$246KAssets
3Red Flags
3Strengths

Red Flags

Strengths

Spending Breakdown

How Indiana Economic Development Association Foundation allocates its funds across programs, administration, and fundraising.

70%
Program Spending
Below average — room for improvement
20%
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 Indiana Economic Development Association Foundation

Is Indiana Economic Development Association Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Indiana Economic Development Association Foundation (EIN: 203318486) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.

Is Indiana Economic Development Association Foundation a good charity to donate to?

Indiana Economic Development Association Foundation has a Mission Score of 65/100. Revenue: $251K. Assets: $246K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Indiana Economic Development Association Foundation?

The Employer Identification Number (EIN) for Indiana Economic Development Association Foundation is 203318486. 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 Indiana Economic Development Association Foundation spend its money?

Indiana Economic Development Association Foundation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Indiana Economic Development Association Foundation's tax-exempt status?

You can verify Indiana Economic Development Association Foundation's tax-exempt status using EIN 203318486 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 Indiana Economic Development Association Foundation exhibits inconsistent financial performance over the past decade. While the organization reported $251,336 in latest revenue and $246,223 in assets, its financial health has fluctuated significantly. For instance, in 2023, expenses ($290,107) far exceeded revenue ($86,738), leading to a substantial deficit and a decrease in assets from $268,926 in 2022 to $64,277. Conversely, 2022 saw revenue ($147,127) nearly double expenses ($70,854), contributing to asset growth. The organization's spending efficiency is difficult to fully assess without a detailed functional expense breakdown, which is not provided in the summary data. However, the recurring pattern of expenses sometimes significantly outpacing revenue, as seen in 2023, 2020, 2019, and 2016, suggests potential challenges in managing expenditures relative to income. The absence of reported officer compensation across all filings indicates a lean approach to executive pay, which is a positive sign for donor confidence. Transparency appears to be adequate given the availability of 13 years of IRS 990 filings. The consistent reporting of zero officer compensation is a clear indicator of how executive pay is handled. However, without more granular data on program, administrative, and fundraising expenses, a complete picture of spending efficiency and resource allocation remains somewhat obscured. The wide swings in revenue and expenses year-over-year warrant closer examination to understand the underlying operational stability.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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