Is Lincoln County Economic Development Corporation Legit?

Quick charity verification for Lincoln County Economic Development Corporation (EIN: 200274228)

Verdict: Lincoln County Economic Development Corporation appears trustworthy

92/100Mission Score
$213KRevenue
$284KAssets
0Red Flags
5Strengths

No red flags identified.

Strengths

Spending Breakdown

How Lincoln County Economic Development Corporation allocates its funds across programs, administration, and fundraising.

90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Lincoln County Economic Development Corporation

Is Lincoln County Economic Development Corporation a legitimate charity?

Based on AI analysis of IRS 990 filings, Lincoln County Economic Development Corporation (EIN: 200274228) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.

Is Lincoln County Economic Development Corporation a good charity to donate to?

Lincoln County Economic Development Corporation has a Mission Score of 92/100. Revenue: $213K. Assets: $284K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Lincoln County Economic Development Corporation?

The Employer Identification Number (EIN) for Lincoln County Economic Development Corporation is 200274228. 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 Lincoln County Economic Development Corporation spend its money?

Lincoln County Economic Development Corporation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Lincoln County Economic Development Corporation's tax-exempt status?

You can verify Lincoln County Economic Development Corporation's tax-exempt status using EIN 200274228 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 Lincoln County Economic Development Corporation demonstrates consistent financial growth and stability over the past decade. Revenue has steadily increased from $79,874 in 2014 to $162,333 in 2023, with assets growing from $58,590 to $242,023 in the same period. The organization consistently operates with a surplus, indicating sound financial management and an ability to build reserves. For example, in 2023, revenue was $162,333 against expenses of $133,704, resulting in a surplus of $28,629. The organization's spending efficiency appears strong, as evidenced by its consistent surpluses and growing asset base. While a detailed functional expense breakdown (program, administrative, fundraising) is not provided in the summary data, the overall financial health suggests that expenses are well-managed relative to revenue. The absence of reported officer compensation across all filings indicates a volunteer-driven or very lean executive structure, which can contribute to lower administrative overhead and higher resource allocation to mission-related activities. This also points to a high degree of transparency regarding executive pay, as it is consistently reported as 0%. Overall, the Lincoln County Economic Development Corporation appears to be a financially healthy and well-managed organization. Its consistent growth, positive net assets, and lack of reported officer compensation suggest a strong commitment to its mission and efficient use of resources. The organization's financial trajectory indicates a sustainable model for economic development in Limon, CO.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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