Is Industrial Development Board Of Gibson County Tennessee Legit?
Quick charity verification for Industrial Development Board Of Gibson County Tennessee (EIN: 202703372)
Verdict: Industrial Development Board Of Gibson County Tennessee appears trustworthy
85/100Mission Score
$467KRevenue
$3.6MAssets
2Red Flags
3Strengths
Red Flags
Significant expense exceeding revenue in 202306 ($881,844 expenses vs. $36,762 revenue) without clear explanation in summary data.
Revenue volatility, with figures ranging from $33,371 (201906) to $1,952,887 (202206), which could impact long-term planning.
Strengths
Consistent 0% officer compensation across all filings, indicating strong financial stewardship and transparency regarding executive pay.
Stable asset base around $3 million, providing a solid foundation despite revenue fluctuations.
Low liabilities reported in most periods, indicating good financial management and minimal debt burden.
Spending Breakdown
How Industrial Development Board Of Gibson County Tennessee 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 Industrial Development Board Of Gibson County Tennessee
Is Industrial Development Board Of Gibson County Tennessee a legitimate charity?
Based on AI analysis of IRS 990 filings, Industrial Development Board Of Gibson County Tennessee (EIN: 202703372) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Industrial Development Board Of Gibson County Tennessee a good charity to donate to?
Industrial Development Board Of Gibson County Tennessee has a Mission Score of 85/100. Revenue: $467K. Assets: $3.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Industrial Development Board Of Gibson County Tennessee?
The Employer Identification Number (EIN) for Industrial Development Board Of Gibson County Tennessee is 202703372. 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 Industrial Development Board Of Gibson County Tennessee spend its money?
Industrial Development Board Of Gibson County Tennessee allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Industrial Development Board Of Gibson County Tennessee's tax-exempt status?
You can verify Industrial Development Board Of Gibson County Tennessee's tax-exempt status using EIN 202703372 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 Industrial Development Board Of Gibson County Tennessee demonstrates a fluctuating financial profile, typical for an organization involved in economic development which often sees lumpy revenue from grants or specific projects. For instance, revenue spiked to $1,952,887 in 202206, significantly higher than the $43,535 reported in 202406. The organization consistently reports 0% officer compensation across all available filings, which is a strong indicator of financial transparency and a commitment to minimizing administrative overhead related to executive pay. However, the significant expense of $881,844 in 202306 against revenue of only $36,762 suggests a period of substantial investment or a major project, which warrants further investigation to understand the nature of these expenditures and their alignment with the organization's mission. The organization's assets have remained relatively stable, hovering around $3 million, indicating a consistent asset base despite revenue volatility.