Is Latino Community Fund Of Washingtonstate Legit?
Quick charity verification for Latino Community Fund Of Washingtonstate (EIN: 205987399)
Verdict: Latino Community Fund Of Washingtonstate appears trustworthy
92/100Mission Score
$5.3MRevenue
$6.4MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Exceptional revenue growth, increasing from $687,940 in 2014 to $8,313,811 in 2023.
Consistent reporting of 0% officer compensation, indicating a strong focus on programmatic spending.
Healthy and growing asset base, reaching $7,592,138 in 2023, demonstrating financial stability.
Consistent positive net income (revenue exceeding expenses) across all reported years, showing sound financial management.
Low liabilities relative to assets, indicating good financial health and limited debt burden.
Spending Breakdown
How Latino Community Fund Of Washingtonstate 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 Latino Community Fund Of Washingtonstate
Is Latino Community Fund Of Washingtonstate a legitimate charity?
Based on AI analysis of IRS 990 filings, Latino Community Fund Of Washingtonstate (EIN: 205987399) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Latino Community Fund Of Washingtonstate a good charity to donate to?
Latino Community Fund Of Washingtonstate has a Mission Score of 92/100. Revenue: $5.3M. Assets: $6.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Latino Community Fund Of Washingtonstate?
The Employer Identification Number (EIN) for Latino Community Fund Of Washingtonstate is 205987399. 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 Latino Community Fund Of Washingtonstate spend its money?
Latino Community Fund Of Washingtonstate allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Latino Community Fund Of Washingtonstate's tax-exempt status?
You can verify Latino Community Fund Of Washingtonstate's tax-exempt status using EIN 205987399 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
The Latino Community Fund Of Washingtonstate demonstrates strong financial health and a consistent commitment to its programmatic mission. Over the past decade, the organization has experienced significant growth, with revenue increasing from $687,940 in 2014 to $8,313,811 in 2023. This growth is matched by a healthy asset base, reaching $7,592,138 in 2023, indicating good financial stewardship and capacity. The organization consistently reports 0% officer compensation, which is a notable indicator of transparency and a focus on directing funds towards its mission rather than executive salaries.
While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the consistent positive net income (revenue exceeding expenses) across all reported years suggests efficient management. For instance, in 2023, revenue was $8,313,811 against expenses of $8,169,424, resulting in a surplus. The absence of reported officer compensation further enhances the perception of financial efficiency and a donor-centric approach.
Overall, the Latino Community Fund Of Washingtonstate appears to be a financially sound and well-managed organization. Its substantial growth, healthy asset accumulation, and commitment to zero officer compensation reflect positively on its financial health and transparency, suggesting a strong focus on its community impact.