Quick charity verification for Krewe Of Carnivale En Rio Inc (EIN: 202406119)
Verdict: Krewe Of Carnivale En Rio Inc appears trustworthy
90/100Mission Score
$1.1MRevenue
$955KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, from $541,614 in 2012 to $1,110,726 currently.
Strong asset accumulation, growing from $230,743 in 2012 to $955,011 currently.
Very low to zero reported liabilities across most filing periods, indicating strong financial management.
No reported officer compensation, suggesting high efficiency in leadership costs.
Expenses consistently lower than revenue, contributing to financial stability and growth.
Spending Breakdown
How Krewe Of Carnivale En Rio Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 Krewe Of Carnivale En Rio Inc
Is Krewe Of Carnivale En Rio Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Krewe Of Carnivale En Rio Inc (EIN: 202406119) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Krewe Of Carnivale En Rio Inc a good charity to donate to?
Krewe Of Carnivale En Rio Inc has a Mission Score of 90/100. Revenue: $1.1M. Assets: $955K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Krewe Of Carnivale En Rio Inc?
The Employer Identification Number (EIN) for Krewe Of Carnivale En Rio Inc is 202406119. 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 Krewe Of Carnivale En Rio Inc spend its money?
Krewe Of Carnivale En Rio Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Krewe Of Carnivale En Rio Inc's tax-exempt status?
You can verify Krewe Of Carnivale En Rio Inc's tax-exempt status using EIN 202406119 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
Krewe Of Carnivale En Rio Inc demonstrates consistent financial growth and appears to be in a healthy financial position. Over the past decade, its revenue has steadily increased from $541,614 in 2012 to $1,110,726 currently, with assets growing from $230,743 to $955,011. The organization consistently spends less than it earns, as evidenced by the 2023 period where expenses were $741,493 against revenues of $873,830, contributing to asset accumulation. The absence of reported officer compensation across all filings suggests a volunteer-driven leadership or that compensation is structured in a way not reported as officer compensation on the 990, which could be a positive indicator of efficiency or a point requiring further inquiry for full transparency. The organization's liabilities have remained very low or zero for most of its history, indicating strong financial management and minimal debt.