Is Maryland Broadband Cooperative Inc…

Quick charity verification for Maryland Broadband Cooperative Inc (EIN: 20783564)

Strengths

Consistent revenue growth, from $5,140,359 in 2020 to $9,031,284 in 2023.
Significant asset growth, from $7,461,719 in 2020 to $13,982,344 in 2023.
Zero reported officer compensation across all available filings, indicating strong fiscal discipline.
Positive net income in most years, allowing for reinvestment and asset accumulation.
Clear alignment between organization name, NTEE code, and implied mission.

Spending Breakdown

How Maryland Broadband Cooperative Inc 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 Maryland Broadband Cooperative Inc

Is Maryland Broadband Cooperative Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Maryland Broadband Cooperative Inc (EIN: 20783564) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.

Is Maryland Broadband Cooperative Inc a good charity to donate to?

Maryland Broadband Cooperative Inc has a Mission Score of 92/100. Revenue: $7.7M. Assets: $14.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Maryland Broadband Cooperative Inc?

The Employer Identification Number (EIN) for Maryland Broadband Cooperative Inc is 20783564. 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 Maryland Broadband Cooperative Inc spend its money?

Maryland Broadband Cooperative Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Maryland Broadband Cooperative Inc's tax-exempt status?

You can verify Maryland Broadband Cooperative Inc's tax-exempt status using EIN 20783564 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

Maryland Broadband Cooperative Inc (MBC) demonstrates a consistent pattern of growth in revenue and assets over the past several years, indicating a stable and expanding operation. For instance, revenue increased from $5,140,359 in 2020 to $9,031,284 in 2023, while assets grew from $7,461,719 to $13,982,344 in the same period. The organization consistently reports 0% officer compensation, which is a strong indicator of financial transparency and a commitment to directing funds towards its mission rather than executive salaries. This practice suggests a high degree of fiscal responsibility and a focus on program delivery.

While specific program spending percentages are not detailed in the provided summary, the consistent positive net income (revenue exceeding expenses in most years, e.g., $9,031,284 revenue vs. $8,736,151 expenses in 2023) allows for asset accumulation and reinvestment into its broadband infrastructure mission. The organization's NTEE code Y22 (Telecommunications) aligns with its name, suggesting a clear programmatic focus. The absence of reported officer compensation further enhances its transparency profile, as it removes a common area of concern for donors and watchdogs.

Overall, MBC appears to be a financially healthy and transparent organization, effectively managing its resources to expand its broadband services. The consistent growth in assets and revenue, coupled with zero reported officer compensation, paints a picture of a well-managed and mission-focused entity. Further analysis of detailed expense breakdowns would provide even greater insight into spending efficiency.

Is Maryland Broadband Cooperative Inc Legit?

Verdict: Maryland Broadband Cooperative Inc appears trustworthy

Red Flags