Quick charity verification for Lewiston Development Corp (EIN: 16018803)
Verdict: Lewiston Development Corp has notable concerns
20/100Mission Score
$1.0MRevenue
$22KAssets
5Red Flags
1Strengths
Red Flags
Consistent negative revenue for multiple years (e.g., -$170,503 in 2021, -$582,684 in 2020).
Drastic decline in assets from $2,550,169 in 2013 to $21,845 in 2022.
Significant operating deficit in 2022 ($364,857 revenue vs. $649,756 expenses).
High liabilities relative to current assets ($13,080 liabilities vs. $21,845 assets in 2022).
Lack of detailed expense breakdown to assess program efficiency.
Strengths
Consistent reporting of 0% officer compensation, indicating volunteer leadership or minimal executive pay.
Spending Breakdown
How Lewiston Development Corp allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
25%
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 Lewiston Development Corp
Is Lewiston Development Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Lewiston Development Corp (EIN: 16018803) has notable concerns. Mission Score: 20/100. 5 red flags identified, 1 strength noted.
Is Lewiston Development Corp a good charity to donate to?
Lewiston Development Corp has a Mission Score of 20/100. Revenue: $1.0M. Assets: $22K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lewiston Development Corp?
The Employer Identification Number (EIN) for Lewiston Development Corp is 16018803. 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 Lewiston Development Corp spend its money?
Lewiston Development Corp allocates 70% to programs, 25% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lewiston Development Corp's tax-exempt status?
You can verify Lewiston Development Corp's tax-exempt status using EIN 16018803 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
Lewiston Development Corp's financial health appears highly concerning, marked by a consistent pattern of negative revenue and declining assets over the past several years. In 2022, the organization reported revenue of $364,857 against expenses of $649,756, indicating a significant operating deficit. This follows several years of substantial negative revenue, such as -$170,503 in 2021 and -$582,684 in 2020. The organization's assets have plummeted from $2,550,169 in 2013 to just $21,845 in 2022, while liabilities have remained relatively high, suggesting a precarious financial position.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent operating losses raise questions about the sustainability of their operations. The organization's ability to cover its expenses with its revenue has been severely challenged for an extended period. The lack of officer compensation reported across all years suggests a volunteer-led or minimally compensated leadership structure, which could be a positive for efficiency if operations were otherwise stable.
Transparency regarding specific program outcomes and detailed expense categories is limited by the provided data. While the filing history is extensive, the consistent negative revenue figures and drastic asset decline warrant closer scrutiny. The organization's financial trajectory indicates a need for significant operational restructuring or a clear explanation of these trends to assure stakeholders of its long-term viability and impact.