Quick charity verification for Nicholas County Communityfoundation Inc (EIN: 205799430)
Verdict: Nicholas County Communityfoundation Inc appears trustworthy
92/100Mission Score
$1.3MRevenue
$6.4MAssets
1Red Flags
5Strengths
Red Flags
Significant expense exceeding revenue in 2022 ($1,248,893 expenses vs. $376,270 revenue), though recovered in 2023.
Strengths
Consistent asset growth, reaching $6,383,565 in 2023.
0% reported officer compensation across all filings, indicating high efficiency and volunteer leadership.
Generally low expenses relative to revenue, demonstrating efficient operations.
Strong recovery in 2023 after a challenging 2022 financial year.
Long history of IRS 990 filings, indicating good transparency and compliance.
Spending Breakdown
How Nicholas County Communityfoundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Nicholas County Communityfoundation Inc
Is Nicholas County Communityfoundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nicholas County Communityfoundation Inc (EIN: 205799430) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Nicholas County Communityfoundation Inc a good charity to donate to?
Nicholas County Communityfoundation Inc has a Mission Score of 92/100. Revenue: $1.3M. Assets: $6.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Nicholas County Communityfoundation Inc?
The Employer Identification Number (EIN) for Nicholas County Communityfoundation Inc is 205799430. 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 Nicholas County Communityfoundation Inc spend its money?
Nicholas County Communityfoundation Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Nicholas County Communityfoundation Inc's tax-exempt status?
You can verify Nicholas County Communityfoundation Inc's tax-exempt status using EIN 205799430 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
Nicholas County Communityfoundation Inc demonstrates a generally strong financial position, with assets consistently growing over the past decade, reaching $6,383,565 in the latest filing. The organization's revenue has shown significant fluctuations, from a low of $224,412 in 2012 to a high of $1,471,216 in 2019 and $1,324,578 in 2023. This variability is common for community foundations that rely on donations and investment returns. Expenses have remained relatively low compared to revenue in most years, indicating efficient operations, with the exception of 2022 where expenses ($1,248,893) significantly outpaced revenue ($376,270), leading to a temporary dip in assets. The consistent reporting of 0% officer compensation across all available filings suggests a volunteer-led or very lean executive structure, which is a positive indicator for donor confidence and resource allocation directly to programs.
The foundation's financial health appears robust, with a healthy asset base relative to its annual expenses. The low liability figures in most years also point to sound financial management. The absence of reported officer compensation enhances its transparency and efficiency profile, as more funds are available for its charitable mission. While the 2022 financial year shows a notable deficit, the organization recovered strongly in 2023, demonstrating resilience and effective financial stewardship in the long term. The consistent filing of IRS 990s over a long period also indicates good governance and transparency.