Is Maryland Goverment Finance Officers Association Inc Legit?

Quick charity verification for Maryland Goverment Finance Officers Association Inc (EIN: 203047808)

Verdict: Maryland Goverment Finance Officers Association Inc appears trustworthy

70/100Mission Score
$300KRevenue
$126KAssets
2Red Flags
3Strengths

Red Flags

Strengths

Spending Breakdown

How Maryland Goverment Finance Officers Association Inc allocates its funds across programs, administration, and fundraising.

75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 Goverment Finance Officers Association Inc

Is Maryland Goverment Finance Officers Association Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Maryland Goverment Finance Officers Association Inc (EIN: 203047808) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.

Is Maryland Goverment Finance Officers Association Inc a good charity to donate to?

Maryland Goverment Finance Officers Association Inc has a Mission Score of 70/100. Revenue: $300K. Assets: $126K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Maryland Goverment Finance Officers Association Inc?

The Employer Identification Number (EIN) for Maryland Goverment Finance Officers Association Inc is 203047808. 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 Goverment Finance Officers Association Inc spend its money?

Maryland Goverment Finance Officers Association Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Maryland Goverment Finance Officers Association Inc's tax-exempt status?

You can verify Maryland Goverment Finance Officers Association Inc's tax-exempt status using EIN 203047808 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 Maryland Government Finance Officers Association Inc. demonstrates a consistent operational history with fluctuating financial performance. In the most recent filing (202306), the organization reported expenses exceeding revenue by $80,905 ($367,140 in expenses vs. $286,235 in revenue), leading to a decrease in net assets. This trend of expenses occasionally surpassing revenue is observed in multiple periods, such as 202206 and 202006, suggesting a need for careful financial management to maintain long-term stability. However, the organization has also shown periods of revenue exceeding expenses, like in 202106 and 201906, indicating a capacity for generating surpluses. The organization's assets have varied significantly over the years, from a low of $115,612 in 201506 to a high of $266,391 in 201906, and currently stand at $199,891 as of 202306. Liabilities have also fluctuated, reaching $106,697 in 201906 and $96,745 in 202306. The consistent reporting of 0% officer compensation across all available filings suggests a volunteer-driven leadership structure, which can be a positive indicator of efficiency and dedication to the mission. However, without a detailed breakdown of program, administrative, and fundraising expenses, a complete assessment of spending efficiency is challenging. The organization's transparency is good in terms of filing its 990s consistently, but more granular expense data would enhance understanding.

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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