Is Mississippi Association Ofworkforce…

Quick charity verification for Mississippi Association Ofworkforce Areas Inc (EIN: 205048491)

Spending Breakdown

How Mississippi Association Ofworkforce Areas Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

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 Mississippi Association Ofworkforce Areas Inc

Is Mississippi Association Ofworkforce Areas Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Mississippi Association Ofworkforce Areas Inc (EIN: 205048491) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.

Is Mississippi Association Ofworkforce Areas Inc a good charity to donate to?

Mississippi Association Ofworkforce Areas Inc has a Mission Score of 65/100. Revenue: $0. Assets: $150K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Mississippi Association Ofworkforce Areas Inc?

The Employer Identification Number (EIN) for Mississippi Association Ofworkforce Areas Inc is 205048491. 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 Mississippi Association Ofworkforce Areas Inc spend its money?

Mississippi Association Ofworkforce Areas Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Mississippi Association Ofworkforce Areas Inc's tax-exempt status?

You can verify Mississippi Association Ofworkforce Areas Inc's tax-exempt status using EIN 205048491 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 Mississippi Association Ofworkforce Areas Inc exhibits inconsistent financial activity, with revenue fluctuating significantly over the past several years. The latest filing (202309) shows $0 in revenue and $9,561 in expenses, following a year (202209) with $100,000 in revenue and $22,220 in expenses. This volatility makes it challenging to assess long-term financial stability. The organization consistently reports zero officer compensation, which is a positive indicator of resource allocation directly to the organization rather than executive salaries. However, the lack of detailed expense breakdowns in the provided data prevents a thorough analysis of spending efficiency between program, administrative, and fundraising costs.

Despite the revenue fluctuations, the organization has maintained a positive asset balance, with assets at $174,763 in 202309 and $184,324 in 202209, and liabilities consistently at $0 in recent years, indicating a healthy balance sheet. The NTEE code J22 suggests a focus on employment and training, which aligns with the 'workforce areas' in its name. However, without program-specific financial details, it's difficult to ascertain the direct impact of its spending on its stated mission. The consistent reporting of zero officer compensation across all filings demonstrates a commitment to minimizing overhead in this area.

The organization's transparency is generally good in terms of filing its IRS 990s consistently. However, the absence of revenue in the latest filing, combined with ongoing expenses, raises questions about its current operational model and funding sources. While assets remain strong, the long-term sustainability of operations without consistent revenue streams is a concern. A deeper dive into the specific nature of its expenses would be necessary to fully understand its operational efficiency and program delivery.

Is Mississippi Association Ofworkforce Areas Inc Legit?

Verdict: Mississippi Association Ofworkforce Areas Inc shows mixed signals

Red Flags

Strengths