Quick charity verification for Laramie Main Street Alliance (EIN: 203701712)
Verdict: Laramie Main Street Alliance appears trustworthy
88/100Mission Score
$468KRevenue
$3.1MAssets
1Red Flags
4Strengths
Red Flags
Expenses slightly exceeded revenue in 2023 ($294,354 vs $290,138) and 2021 ($377,768 vs $349,682), which, if sustained, could impact long-term operating reserves.
Strengths
Significant asset growth from $95,585 in 2015 to $3,064,249 in 2023, indicating strong financial stability.
Consistent reporting of 0% officer compensation across all filings, demonstrating a commitment to minimizing administrative overhead.
Long history of consistent IRS 990 filings (14 filings), indicating good transparency and compliance.
Ability to manage substantial revenue fluctuations, including a major funding event in 2020, while maintaining a strong asset base.
Spending Breakdown
How Laramie Main Street Alliance allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Laramie Main Street Alliance
Is Laramie Main Street Alliance a legitimate charity?
Based on AI analysis of IRS 990 filings, Laramie Main Street Alliance (EIN: 203701712) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
Is Laramie Main Street Alliance a good charity to donate to?
Laramie Main Street Alliance has a Mission Score of 88/100. Revenue: $468K. Assets: $3.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Laramie Main Street Alliance?
The Employer Identification Number (EIN) for Laramie Main Street Alliance is 203701712. 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 Laramie Main Street Alliance spend its money?
Laramie Main Street Alliance allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Laramie Main Street Alliance's tax-exempt status?
You can verify Laramie Main Street Alliance's tax-exempt status using EIN 203701712 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
Laramie Main Street Alliance demonstrates a generally stable financial position with significant asset growth over the past decade, from $95,585 in 2015 to over $3 million in 2023. While revenue has fluctuated, the organization has consistently managed to cover its expenses, with recent years showing expenses closely tracking or slightly exceeding revenue (e.g., 2023 expenses of $294,354 against revenue of $290,138). The substantial increase in assets, particularly between 2019 and 2020, suggests successful capital accumulation or significant one-time funding events, such as the $2.3 million revenue reported in the 202006 period. The organization's consistent reporting of 0% officer compensation across all filings indicates a commitment to minimizing administrative overhead in this area, contributing positively to its transparency and efficiency profile.
The organization's financial health appears robust, supported by its growing asset base. However, the recent trend of expenses slightly outpacing revenue in 2023 and 2021 warrants monitoring to ensure long-term sustainability. The lack of detailed expense breakdowns in the provided data makes a precise assessment of spending efficiency challenging, but the absence of officer compensation is a strong positive indicator. Overall, Laramie Main Street Alliance appears to be a well-managed organization with a solid financial foundation, though further detail on program vs. administrative spending would enhance transparency.