Is Local Boys Do Good Legit?

Red Flags

Unusually low liabilities relative to assets, which could indicate conservative financial practices but also potentially missed opportunities for leveraging funds for growth.
The consistent 0% officer compensation, while positive for efficiency, could also indicate a lack of transparency if executive services are being compensated through non-officer roles or related entities not clearly disclosed.

Strengths

Consistent and significant asset growth, from $16,446 in 2014 to $1,089,022 in 2023, indicating strong financial management.
Zero reported officer compensation across all 13 filings, suggesting high efficiency and dedication of funds to programs.
Revenue consistently exceeding expenses in most years, leading to healthy net income and financial stability.
Strong revenue generation, with latest revenue at $1,456,958 and a peak of $1,275,912 in 2020, demonstrating effective fundraising.

Spending Breakdown

How Local Boys Do Good allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

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 Local Boys Do Good

Is Local Boys Do Good a legitimate charity?

Based on AI analysis of IRS 990 filings, Local Boys Do Good (EIN: 205093812) appears trustworthy. Mission Score: 92/100. 2 red flags identified, 4 strengths noted.

Is Local Boys Do Good a good charity to donate to?

Local Boys Do Good has a Mission Score of 92/100. Revenue: $1.5M. Assets: $1.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Local Boys Do Good?

The Employer Identification Number (EIN) for Local Boys Do Good is 205093812. 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 Local Boys Do Good spend its money?

Local Boys Do Good allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Local Boys Do Good's tax-exempt status?

You can verify Local Boys Do Good's tax-exempt status using EIN 205093812 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

Local Boys Do Good demonstrates a generally healthy financial trajectory, marked by consistent growth in assets and revenue over the past decade. The organization's assets have grown significantly from $16,446 in 2014 to $1,089,022 in 2023, indicating strong financial management and accumulation of resources. Their revenue has also shown substantial growth, peaking at $1,275,912 in 2020 and maintaining a robust level, with $597,161 in 2023. This growth suggests effective fundraising and community support.

Spending efficiency appears to be a strong point, as the organization consistently reports expenses lower than revenue in most years, allowing for asset accumulation. For instance, in 2023, expenses were $522,178 against revenue of $597,161. The absence of reported officer compensation across all filings is a significant indicator of transparency and a commitment to directing funds towards the mission, rather than executive salaries. This practice is highly commendable and suggests a volunteer-driven or very lean leadership structure.

Overall, Local Boys Do Good appears to be a financially sound and efficiently managed organization. Their consistent asset growth, positive net income in most years, and zero reported officer compensation point to a strong financial foundation and a high degree of transparency regarding how funds are utilized. The organization's ability to grow its financial base while keeping administrative costs (implied by zero officer compensation) low is a positive sign for donors.

Verdict: Local Boys Do Good appears trustworthy