Is Les Ballets Trockadero De Monte Carlo Inc Legit?
Quick charity verification for Les Ballets Trockadero De Monte Carlo Inc (EIN: 132813806)
Verdict: Les Ballets Trockadero De Monte Carlo Inc appears trustworthy
90/100Mission Score
$1.9MRevenue
$1.2MAssets
1Red Flags
5Strengths
Red Flags
Unusually low or 0% reported officer compensation, which might indicate compensation is reported under other categories or a fully volunteer executive structure, warranting further investigation for clarity.
Strengths
Strong financial recovery and growth, with revenue increasing from $389,161 in 2021 to $1,862,409 in 2023.
Consistent reporting of 0% officer compensation, suggesting high efficiency in directing funds to programs.
Healthy surplus generation in recent years, contributing to asset growth (e.g., $306,639 surplus in 2023).
Consistent filing of IRS 990s, indicating good transparency and compliance.
Spending Breakdown
How Les Ballets Trockadero De Monte Carlo 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
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 Les Ballets Trockadero De Monte Carlo Inc
Is Les Ballets Trockadero De Monte Carlo Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Les Ballets Trockadero De Monte Carlo Inc (EIN: 132813806) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is Les Ballets Trockadero De Monte Carlo Inc a good charity to donate to?
Les Ballets Trockadero De Monte Carlo Inc has a Mission Score of 90/100. Revenue: $1.9M. Assets: $1.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Les Ballets Trockadero De Monte Carlo Inc?
The Employer Identification Number (EIN) for Les Ballets Trockadero De Monte Carlo Inc is 132813806. 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 Les Ballets Trockadero De Monte Carlo Inc spend its money?
Les Ballets Trockadero De Monte Carlo Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Les Ballets Trockadero De Monte Carlo Inc's tax-exempt status?
You can verify Les Ballets Trockadero De Monte Carlo Inc's tax-exempt status using EIN 132813806 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
Les Ballets Trockadero De Monte Carlo Inc demonstrates generally sound financial health, particularly in recent years. The organization has shown consistent revenue generation, with a notable recovery and growth in revenue from $389,161 in 2021 to $1,862,409 in 2023. This growth has allowed for increased program spending and a healthy accumulation of assets, reaching $1,341,454 in 2023. The organization's liabilities have remained relatively low, indicating good financial management and a strong balance sheet.
Spending efficiency appears to be strong, with expenses generally well-managed relative to revenue. For instance, in 2023, expenses were $1,555,770 against revenues of $1,862,409, indicating a surplus that contributes to asset growth. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to directing funds towards the mission rather than executive salaries, which is a positive indicator of efficiency and donor trust. The organization's NTEE code (A630 - Ballet) aligns with its name, suggesting a clear programmatic focus.
Transparency is high, as evidenced by the consistent filing of IRS Form 990s over many years and the detailed financial data provided. The absence of reported officer compensation further enhances transparency by showing that executive pay is not a significant expenditure. The organization's financial trajectory, especially the rebound from the lower revenue period in 2021, indicates resilience and effective operational management.