Is New Albany Floyd County Education Foundation Inc Legit?
Quick charity verification for New Albany Floyd County Education Foundation Inc (EIN: 202552199)
Verdict: New Albany Floyd County Education Foundation Inc appears trustworthy
92/100Mission Score
$993KRevenue
$1.8MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent growth in assets, from $140,230 in 2014 to $1,568,483 in 2023, indicating strong financial management.
Zero reported officer compensation across all filings, maximizing funds for program services.
High program spending ratio (estimated 88%), demonstrating efficient use of funds for its mission.
Steady increase in revenue over the past decade, from $347,889 in 2014 to $886,196 in 2023.
Healthy asset-to-liability ratio, with assets of $1,568,483 against liabilities of $30,180 in 2023, indicating strong financial stability.
Spending Breakdown
How New Albany Floyd County Education Foundation Inc allocates its funds across programs, administration, and fundraising.
88%
Program Spending
Healthy — majority goes to mission
7%
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 New Albany Floyd County Education Foundation Inc
Is New Albany Floyd County Education Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Albany Floyd County Education Foundation Inc (EIN: 202552199) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is New Albany Floyd County Education Foundation Inc a good charity to donate to?
New Albany Floyd County Education Foundation Inc has a Mission Score of 92/100. Revenue: $993K. Assets: $1.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New Albany Floyd County Education Foundation Inc?
The Employer Identification Number (EIN) for New Albany Floyd County Education Foundation Inc is 202552199. 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 New Albany Floyd County Education Foundation Inc spend its money?
New Albany Floyd County Education Foundation Inc allocates 88% to programs, 7% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New Albany Floyd County Education Foundation Inc's tax-exempt status?
You can verify New Albany Floyd County Education Foundation Inc's tax-exempt status using EIN 202552199 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 New Albany Floyd County Education Foundation Inc demonstrates strong financial health and a commendable commitment to its mission. Over the past decade, the organization has shown consistent growth in both revenue and assets, with assets growing from $140,230 in 2014 to $1,568,483 in 2023. This indicates effective financial management and an increasing capacity to support its educational programs. The foundation consistently spends a significant portion of its expenses on program services, as evidenced by the high program spending ratio.
The organization's spending efficiency is robust, with program expenses typically accounting for over 80% of total expenses. For instance, in 2023, with expenses of $547,497, a substantial majority was directed towards programs. The absence of reported officer compensation across all available filings is a significant indicator of efficiency and a focus on directing funds to the mission rather than administrative overhead. This practice enhances donor confidence and reflects a lean operational model.
Transparency appears to be a core value, with consistent IRS 990 filings available for review. The clear financial reporting, including zero officer compensation, provides a high level of accountability. The steady growth in net assets, from $89,379 in 2014 to $1,538,303 in 2023, further solidifies its financial stability and long-term viability, suggesting a well-managed and trustworthy organization.