Is Kerr Tar Economic Development Corporation Legit?
Quick charity verification for Kerr Tar Economic Development Corporation (EIN: 203115014)
Verdict: Kerr Tar Economic Development Corporation appears trustworthy
92/100Mission Score
$453KRevenue
$5.9MAssets
2Red Flags
4Strengths
Red Flags
Significant year-over-year revenue volatility, making long-term financial planning potentially challenging.
Gradual decline in total assets over the past few years, from $13.6 million in 2021 to $13.0 million in 2024.
Strengths
Consistent reporting of 0% officer compensation, indicating strong financial stewardship and dedication to mission.
High proportion of spending directed towards programs, suggesting efficient use of funds for its mission.
Significant reduction in liabilities from $12.1 million in 2017 to $5.6 million in 2024, improving financial stability.
Maintains a substantial asset base of over $5 million, providing a strong foundation for operations.
Spending Breakdown
How Kerr Tar Economic Development Corporation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Kerr Tar Economic Development Corporation
Is Kerr Tar Economic Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Kerr Tar Economic Development Corporation (EIN: 203115014) appears trustworthy. Mission Score: 92/100. 2 red flags identified, 4 strengths noted.
Is Kerr Tar Economic Development Corporation a good charity to donate to?
Kerr Tar Economic Development Corporation has a Mission Score of 92/100. Revenue: $453K. Assets: $5.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Kerr Tar Economic Development Corporation?
The Employer Identification Number (EIN) for Kerr Tar Economic Development Corporation is 203115014. 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 Kerr Tar Economic Development Corporation spend its money?
Kerr Tar Economic Development Corporation allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Kerr Tar Economic Development Corporation's tax-exempt status?
You can verify Kerr Tar Economic Development Corporation's tax-exempt status using EIN 203115014 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
Kerr Tar Economic Development Corporation demonstrates a consistent commitment to its mission, as evidenced by its program spending. Over the past several years, the organization has maintained a healthy asset base, though it has seen a gradual decline from a peak of $13.6 million in 2021 to $13.0 million in 2024. The organization's revenue has fluctuated significantly, with a notable spike to $5.9 million in 2018, but generally remaining under $600,000 in other years. Despite these fluctuations, expenses have been relatively stable, typically ranging between $200,000 and $400,000 annually. The consistent reporting of 0% officer compensation across all available filings indicates a strong commitment to directing funds towards programmatic activities rather than executive salaries, which is a positive sign for financial efficiency and transparency. The organization's liabilities have also shown a decreasing trend from $12.1 million in 2017 to $5.6 million in 2024, improving its financial stability.