Is Learning Center Of Key West Inc Legit? —…

Quick charity verification for Learning Center Of Key West Inc (EIN: 205416637)

Spending Breakdown

How Learning Center Of Key West Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

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 Learning Center Of Key West Inc

Is Learning Center Of Key West Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Learning Center Of Key West Inc (EIN: 205416637) shows mixed signals. Mission Score: 60/100. 4 red flags identified, 3 strengths noted.

Is Learning Center Of Key West Inc a good charity to donate to?

Learning Center Of Key West Inc has a Mission Score of 60/100. Revenue: $196K. Assets: $2K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Learning Center Of Key West Inc?

The Employer Identification Number (EIN) for Learning Center Of Key West Inc is 205416637. 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 Learning Center Of Key West Inc spend its money?

Learning Center Of Key West Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Learning Center Of Key West Inc's tax-exempt status?

You can verify Learning Center Of Key West Inc's tax-exempt status using EIN 205416637 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 Learning Center Of Key West Inc, despite its name, is located in Watkins, CO. The organization has experienced fluctuating financial health over the past several years. While it reported a positive net income in 2023 ($211,729 revenue vs. $218,403 expenses, a deficit of $6,674), it has frequently operated at a deficit, notably in 2022 ($175,116 revenue vs. $239,197 expenses) and 2021 ($264,048 revenue vs. $302,104 expenses), even reporting negative assets in 2021 ($-5,883). Its asset base remains very low, at $18,685 in 2023, which is concerning for long-term stability given its operational scale. The organization consistently reports 0% officer compensation, which is a positive indicator for resource allocation directly to its mission, though it raises questions about how leadership is compensated or if it's entirely volunteer-run.

The organization's spending efficiency cannot be fully assessed without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent operational deficits suggest that expenses frequently outpace revenue, which could impact its ability to sustain programs. The lack of liabilities in recent years (2021-2023) is a positive sign, indicating it is not accumulating debt. Transparency regarding executive compensation is excellent, with 0% reported. However, a more detailed functional expense breakdown would enhance financial transparency and allow for a clearer assessment of spending efficiency.

Is Learning Center Of Key West Inc Legit?

Verdict: Learning Center Of Key West Inc shows mixed signals

Red Flags

Strengths