Is Isle Au Haut Electric Power Co Legit? —…

Quick charity verification for Isle Au Haut Electric Power Co (EIN: 10311701)

Strengths

Consistent asset growth, from $605,688 in 2020 to $760,760 currently, indicating strong financial management.
Zero officer compensation across all reported periods, demonstrating high efficiency and dedication to mission.
Revenues generally exceed expenses, as seen in 2023 ($120,547 revenue vs. $108,665 expenses), contributing to financial stability.
Low liabilities relative to assets, with current assets at $760,760 and liabilities at $81,804 in 2023, indicating good financial health.

Spending Breakdown

How Isle Au Haut Electric Power Co allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Isle Au Haut Electric Power Co

Is Isle Au Haut Electric Power Co a legitimate charity?

Based on AI analysis of IRS 990 filings, Isle Au Haut Electric Power Co (EIN: 10311701) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.

Is Isle Au Haut Electric Power Co a good charity to donate to?

Isle Au Haut Electric Power Co has a Mission Score of 95/100. Revenue: $181K. Assets: $761K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Isle Au Haut Electric Power Co?

The Employer Identification Number (EIN) for Isle Au Haut Electric Power Co is 10311701. 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 Isle Au Haut Electric Power Co spend its money?

Isle Au Haut Electric Power Co allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Isle Au Haut Electric Power Co's tax-exempt status?

You can verify Isle Au Haut Electric Power Co's tax-exempt status using EIN 10311701 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

Isle Au Haut Electric Power Co demonstrates consistent financial stability, with assets growing from $605,688 in 2020 to $760,760 currently, indicating sound asset management. The organization consistently operates with revenues generally exceeding expenses, as seen in 2023 ($120,547 revenue vs. $108,665 expenses) and 2021 ($166,645 revenue vs. $136,318 expenses), contributing to its asset growth. The organization's NTEE code Y22 suggests it is a utility, which often operates with a different financial model than traditional charities, focusing on service delivery rather than extensive fundraising or program spending in the typical sense. The absence of officer compensation across all reported periods is a strong indicator of financial efficiency and a commitment to directing resources towards its operational mission.

Given its nature as an electric power company, the 'program spending' would largely encompass the direct costs of generating and distributing electricity. Without a detailed breakdown of expenses beyond total expenses, it's challenging to precisely quantify spending efficiency in terms of program vs. administrative costs. However, the consistent operational surplus and asset growth suggest effective management of its utility services. The organization's transparency is good, with readily available IRS 990 filings showing consistent reporting and no officer compensation, which enhances trust.

Overall, Isle Au Haut Electric Power Co appears to be a well-managed utility, effectively maintaining its infrastructure and service delivery. Its financial health is stable, and its operational model, characterized by no executive compensation, points to a lean and mission-focused approach. The consistent growth in assets, alongside managing liabilities, further supports a positive assessment of its financial stewardship.

Is Isle Au Haut Electric Power Co Legit?

Verdict: Isle Au Haut Electric Power Co appears trustworthy