Is Monadnock Economic Development Corporation Legit?

Quick charity verification for Monadnock Economic Development Corporation (EIN: 20395538)

Verdict: Monadnock Economic Development Corporation shows mixed signals

55/100Mission Score
$10.2MRevenue
$35.8MAssets
3Red Flags
2Strengths

Red Flags

Strengths

Spending Breakdown

How Monadnock Economic Development Corporation allocates its funds across programs, administration, and fundraising.

70%
Program Spending
Below average — room for improvement
20%
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 Monadnock Economic Development Corporation

Is Monadnock Economic Development Corporation a legitimate charity?

Based on AI analysis of IRS 990 filings, Monadnock Economic Development Corporation (EIN: 20395538) shows mixed signals. Mission Score: 55/100. 3 red flags identified, 2 strengths noted.

Is Monadnock Economic Development Corporation a good charity to donate to?

Monadnock Economic Development Corporation has a Mission Score of 55/100. Revenue: $10.2M. Assets: $35.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Monadnock Economic Development Corporation?

The Employer Identification Number (EIN) for Monadnock Economic Development Corporation is 20395538. 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 Monadnock Economic Development Corporation spend its money?

Monadnock Economic Development Corporation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Monadnock Economic Development Corporation's tax-exempt status?

You can verify Monadnock Economic Development Corporation's tax-exempt status using EIN 20395538 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

Monadnock Economic Development Corporation (MEDC) exhibits a concerning trend of operating deficits over the past several years, with expenses consistently exceeding revenue. For instance, in 2023, expenses were $2,209,306 against revenues of $1,706,004, and similar patterns are observed in prior years. This sustained deficit spending has led to a significant decline in assets, from a peak of $53,247,862 in 2018 to $41,455,854 in 2023, while liabilities have remained high, often exceeding assets in recent periods (e.g., 2023 liabilities of $43,936,758 against assets of $41,455,854). This indicates a precarious financial position and raises questions about long-term sustainability. The organization's transparency regarding executive compensation is strong, with 0% reported officer compensation across all available filings, suggesting a volunteer or very low-paid leadership structure, which is commendable for a nonprofit. However, the consistent operating losses and the growing gap between assets and liabilities are significant concerns. While the NTEE code S310 (Economic Development Corporations) suggests a mission-driven focus, the financial trends indicate a need for a robust strategy to improve revenue generation or reduce expenses to achieve financial stability. The lack of detailed expense breakdowns in the provided data makes it difficult to assess spending efficiency beyond the overall deficit.

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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