Is Louisiana Business Incubator Association Incorporated Legit?
Quick charity verification for Louisiana Business Incubator Association Incorporated (EIN: 202249722)
Verdict: Louisiana Business Incubator Association Incorporated appears trustworthy
88/100Mission Score
$203KRevenue
$243KAssets
2Red Flags
4Strengths
Red Flags
Recent decline in revenue from $216,360 in 2019 to $95,938 in 2023
Expenses slightly exceeded revenue in the latest filing ($104,104 vs. $95,938)
Strengths
Consistent 0% officer compensation across all filings, indicating strong resource allocation to mission
Long operational history with 13 filings, demonstrating sustained activity
Assets have shown growth over the past decade, from $32,920 in 2015 to $144,448 in 2023
Revenues generally cover expenses over the long term
Spending Breakdown
How Louisiana Business Incubator Association Incorporated 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 Louisiana Business Incubator Association Incorporated
Is Louisiana Business Incubator Association Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Louisiana Business Incubator Association Incorporated (EIN: 202249722) appears trustworthy. Mission Score: 88/100. 2 red flags identified, 4 strengths noted.
Is Louisiana Business Incubator Association Incorporated a good charity to donate to?
Louisiana Business Incubator Association Incorporated has a Mission Score of 88/100. Revenue: $203K. Assets: $243K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Louisiana Business Incubator Association Incorporated?
The Employer Identification Number (EIN) for Louisiana Business Incubator Association Incorporated is 202249722. 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 Louisiana Business Incubator Association Incorporated spend its money?
Louisiana Business Incubator Association Incorporated allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Louisiana Business Incubator Association Incorporated's tax-exempt status?
You can verify Louisiana Business Incubator Association Incorporated's tax-exempt status using EIN 202249722 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 Louisiana Business Incubator Association Incorporated demonstrates a consistent operational history with revenues and expenses generally in balance over the past decade. While the organization's assets have fluctuated, they have shown growth from $32,920 in 2015 to $144,448 in 2023, indicating some financial stability. The latest filing shows expenses slightly exceeding revenue ($104,104 vs. $95,938), which is a minor concern but not indicative of severe financial distress given the overall trend. The consistent reporting of 0% officer compensation across all filings suggests a strong commitment to directing funds towards the mission rather than executive salaries, enhancing transparency and public trust. The organization's NTEE code S41 (Business & Industry Associations) aligns with its name, suggesting a clear programmatic focus.