Quick charity verification for Ipers Harbor Commerce Center Inc (EIN: 203010680)
Verdict: Ipers Harbor Commerce Center Inc appears trustworthy
95/100Mission Score
$2.5MRevenue
$46.2MAssets
2Red Flags
5Strengths
Red Flags
Unusually low liabilities relative to assets in recent years, potentially indicating a shift in financial structure or reporting.
Lack of detailed breakdown for program vs. administrative expenses in provided data, making precise efficiency calculation difficult without full 990 forms.
Strengths
Consistent financial surpluses, with revenue significantly exceeding expenses in all reported periods.
Strong and growing asset base, increasing from $30.8 million in 2015 to over $46 million currently.
Zero reported officer compensation, indicating a high dedication of resources to the mission.
Low liabilities relative to assets, suggesting a healthy balance sheet.
Demonstrated long-term financial stability over more than a decade of filings.
Spending Breakdown
How Ipers Harbor Commerce Center Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Ipers Harbor Commerce Center Inc
Is Ipers Harbor Commerce Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ipers Harbor Commerce Center Inc (EIN: 203010680) appears trustworthy. Mission Score: 95/100. 2 red flags identified, 5 strengths noted.
Is Ipers Harbor Commerce Center Inc a good charity to donate to?
Ipers Harbor Commerce Center Inc has a Mission Score of 95/100. Revenue: $2.5M. Assets: $46.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ipers Harbor Commerce Center Inc?
The Employer Identification Number (EIN) for Ipers Harbor Commerce Center Inc is 203010680. 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 Ipers Harbor Commerce Center Inc spend its money?
Ipers Harbor Commerce Center Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ipers Harbor Commerce Center Inc's tax-exempt status?
You can verify Ipers Harbor Commerce Center Inc's tax-exempt status using EIN 203010680 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
Ipers Harbor Commerce Center Inc demonstrates consistent financial stability with a strong asset base, currently at $46,245,678. The organization consistently reports significantly lower expenses compared to its revenue, indicating efficient operations and a healthy surplus. For instance, in the 202406 period, revenue was $2,039,508 against expenses of $928,844, resulting in a substantial surplus. This trend is observed across multiple years, suggesting sound financial management and the ability to build reserves.
The organization's spending efficiency appears high, as evidenced by the low expense-to-revenue ratio. With no reported officer compensation across all available filings, the organization exhibits a commitment to directing resources towards its mission rather than executive salaries. The consistent growth in assets over the long term, from $30,873,651 in 2015 to over $46 million currently, further underscores its financial health and capacity for sustained operations. The absence of officer compensation also points to a high degree of transparency regarding executive remuneration, as there is none to report.