Is Knox Regional Development Alliance Inc…

Quick charity verification for Knox Regional Development Alliance Inc (EIN: 208105293)

Strengths

Consistent financial stability with expenses generally below revenue (e.g., 202312: Revenue=$349,328, Expenses=$339,191).
Strong asset growth over time, from $52,223 in 2015 to $876,022 in 2023.
Very low liabilities relative to assets ($2,750 in 202312 vs. $876,022 assets).
No reported officer compensation across all 13 filings, indicating high resource dedication to mission.
Consistent filing history demonstrating transparency and accountability.

Spending Breakdown

How Knox Regional Development Alliance Inc allocates its funds across programs, administration, and fundraising.

85%

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 Knox Regional Development Alliance Inc

Is Knox Regional Development Alliance Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Knox Regional Development Alliance Inc (EIN: 208105293) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.

Is Knox Regional Development Alliance Inc a good charity to donate to?

Knox Regional Development Alliance Inc has a Mission Score of 90/100. Revenue: $370K. Assets: $906K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Knox Regional Development Alliance Inc?

The Employer Identification Number (EIN) for Knox Regional Development Alliance Inc is 208105293. 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 Knox Regional Development Alliance Inc spend its money?

Knox Regional Development Alliance Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Knox Regional Development Alliance Inc's tax-exempt status?

You can verify Knox Regional Development Alliance Inc's tax-exempt status using EIN 208105293 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

Knox Regional Development Alliance Inc demonstrates consistent financial stability with a healthy asset base relative to its annual revenue. In the latest filing (202312), the organization reported $349,328 in revenue against $339,191 in expenses, indicating a slight surplus. Its assets have steadily grown, reaching $876,022 in 2023, significantly higher than its liabilities of $2,750, suggesting strong financial health and prudent management. The organization's transparency is commendable, particularly given its consistent reporting and the absence of officer compensation, which often raises questions in smaller nonprofits. The NTEE code B60 (Economic Development) aligns with its mission, and the financial data supports a focus on program delivery, although specific program spending details would enhance this assessment.

The organization's spending efficiency appears sound, with expenses generally tracking below revenue, allowing for asset accumulation. The lack of reported officer compensation across all available filings is a significant positive indicator of resource allocation directly to the mission rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the overall financial picture suggests a lean operational structure. The consistent growth in assets over the past decade, from $52,223 in 2015 to $876,022 in 2023, further underscores its financial resilience and capacity building.

Is Knox Regional Development Alliance Inc Legit?

Verdict: Knox Regional Development Alliance Inc appears trustworthy