Quick charity verification for Lost Rivers Economic Development Inc (EIN: 201155808)
Verdict: Lost Rivers Economic Development Inc has notable concerns
30/100Mission Score
$0Revenue
$0Assets
2Red Flags
1Strengths
Red Flags
Latest filing shows $0 revenue and $0 assets, indicating potential dormancy or cessation of operations.
Consistent deficit spending in prior years (e.g., 2014 expenses of $118,008 against revenue of $95,016; 2013 expenses of $137,961 against revenue of $117,552).
Strengths
Consistently reported 0% officer compensation, indicating efficient use of funds regarding executive pay.
Spending Breakdown
How Lost Rivers Economic Development 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
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 Lost Rivers Economic Development Inc
Is Lost Rivers Economic Development Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lost Rivers Economic Development Inc (EIN: 201155808) has notable concerns. Mission Score: 30/100. 2 red flags identified, 1 strength noted.
Is Lost Rivers Economic Development Inc a good charity to donate to?
Lost Rivers Economic Development Inc has a Mission Score of 30/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lost Rivers Economic Development Inc?
The Employer Identification Number (EIN) for Lost Rivers Economic Development Inc is 201155808. 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 Lost Rivers Economic Development Inc spend its money?
Lost Rivers Economic Development Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lost Rivers Economic Development Inc's tax-exempt status?
You can verify Lost Rivers Economic Development Inc's tax-exempt status using EIN 201155808 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
Lost Rivers Economic Development Inc appears to be in a state of financial decline, as evidenced by its latest filing showing $0 in both revenue and assets. This is a significant drop from previous years, where revenue ranged from $95,016 to $132,628 and assets from $15,490 to $58,891. The organization consistently reported expenses exceeding revenue in prior periods, indicating a reliance on existing assets or other funding sources that are no longer apparent. While officer compensation was consistently reported at 0%, which is a positive for transparency regarding executive pay, the current financial state raises serious concerns about its operational viability and ability to fulfill its mission.