Is Mcdonough Hospitality And Tourism Board Inc Legit?
Quick charity verification for Mcdonough Hospitality And Tourism Board Inc (EIN: 20660657)
Verdict: Mcdonough Hospitality And Tourism Board Inc appears trustworthy
90/100Mission Score
$1.0MRevenue
$2.3MAssets
2Red Flags
5Strengths
Red Flags
Unusually low reported liabilities relative to assets, which could indicate incomplete reporting or unique financial structure.
0% officer compensation reported across all filings, which is highly unusual for an organization with over $1 million in revenue and could suggest compensation is categorized differently or leadership is entirely volunteer-based.
Strengths
Strong and consistent revenue growth, from $488,325 in 201506 to $1,444,899 in 202406.
Significant asset accumulation, growing from $286,114 in 201506 to $2,042,415 in 202406.
Very low liabilities, consistently under $30,000 across all reported periods, indicating strong financial health.
Expenses consistently lower than revenue in recent years, allowing for asset growth and reinvestment.
No reported officer compensation, suggesting high efficiency in leadership costs or volunteer-driven executive roles.
Spending Breakdown
How Mcdonough Hospitality And Tourism Board Inc 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 Mcdonough Hospitality And Tourism Board Inc
Is Mcdonough Hospitality And Tourism Board Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mcdonough Hospitality And Tourism Board Inc (EIN: 20660657) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
Is Mcdonough Hospitality And Tourism Board Inc a good charity to donate to?
Mcdonough Hospitality And Tourism Board Inc has a Mission Score of 90/100. Revenue: $1.0M. Assets: $2.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Mcdonough Hospitality And Tourism Board Inc?
The Employer Identification Number (EIN) for Mcdonough Hospitality And Tourism Board Inc is 20660657. 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 Mcdonough Hospitality And Tourism Board Inc spend its money?
Mcdonough Hospitality And Tourism Board Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Mcdonough Hospitality And Tourism Board Inc's tax-exempt status?
You can verify Mcdonough Hospitality And Tourism Board Inc's tax-exempt status using EIN 20660657 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
Mcdonough Hospitality And Tourism Board Inc demonstrates strong financial health and growth, with its latest revenue reaching $1,444,899 in the 202406 period, a significant increase from previous years. The organization consistently maintains low liabilities, with only $9,380 in the latest filing, indicating sound financial management. Its assets have also shown substantial growth, reaching $2,042,415 in 202406, suggesting effective accumulation of resources. The organization's spending efficiency appears robust, as expenses in the latest period ($557,382) are considerably lower than its revenue, allowing for asset growth and future program investment.
The organization's transparency is commendable, particularly given its consistent reporting and the absence of officer compensation, which simplifies financial scrutiny. The NTEE code S41 (Tourism, Conventions & Visitors Bureaus) aligns with its name, suggesting a clear mission focus. While specific program spending details are not provided in the summary data, the overall financial picture points to a well-managed entity with a healthy financial trajectory. The consistent growth in revenue and assets, coupled with controlled expenses, positions the organization well for sustained operations and mission delivery.