Lack of detailed program vs. administrative spending breakdown in provided summary data (though 0% officer comp is positive)
Strengths
Consistent $0 liabilities across all filings, indicating no debt.
0% officer compensation reported in all filings, maximizing funds for mission.
Steady growth in assets from $33,218 in 2014 to $178,674 in 2023.
Consistent revenue generation, with latest revenue at $164,426.
Expenses consistently managed below revenue in most recent years (e.g., 202312: Revenue $164,426, Expenses $113,664).
Spending Breakdown
How Michiana Goodwill Boosters allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Michiana Goodwill Boosters
Is Michiana Goodwill Boosters a legitimate charity?
Based on AI analysis of IRS 990 filings, Michiana Goodwill Boosters (EIN: 203675652) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Michiana Goodwill Boosters a good charity to donate to?
Michiana Goodwill Boosters has a Mission Score of 92/100. Revenue: $185K. Assets: $252K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Michiana Goodwill Boosters?
The Employer Identification Number (EIN) for Michiana Goodwill Boosters is 203675652. 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 Michiana Goodwill Boosters spend its money?
Michiana Goodwill Boosters allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Michiana Goodwill Boosters's tax-exempt status?
You can verify Michiana Goodwill Boosters's tax-exempt status using EIN 203675652 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
Michiana Goodwill Boosters demonstrates consistent financial stability with a healthy asset base relative to its revenue. In the latest filing (202312), the organization reported revenue of $164,426 against expenses of $113,664, resulting in a surplus that contributed to its growing assets of $178,674. This trend of managing expenses below revenue is generally positive, indicating sound financial management. The organization's liabilities consistently being reported as $0 across all available filings is a significant strength, suggesting a debt-free operation and strong financial health.
The spending efficiency appears robust, especially given the consistent reporting of 0% officer compensation, which implies that all funds are directed towards the organization's mission and operational costs rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the absence of officer compensation is a strong indicator of efficient resource allocation. The organization's assets have shown a steady increase over the years, from $33,218 in 2014 to $178,674 in 2023, further solidifying its financial foundation.
Transparency is high, as evidenced by the consistent filing of IRS Form 990s over 13 periods and the clear reporting of key financial metrics. The lack of liabilities and officer compensation are easily verifiable facts from their filings, contributing to a positive assessment of their financial practices. Overall, Michiana Goodwill Boosters appears to be a well-managed and financially prudent nonprofit.