Quick charity verification for Ogden Valley Balloon Fest Inc (EIN: 201217120)
Verdict: Ogden Valley Balloon Fest Inc appears trustworthy
85/100Mission Score
$10KRevenue
$2KAssets
2Red Flags
3Strengths
Red Flags
Significant year-over-year revenue volatility (e.g., $85,181 in 2019 to $9,500 in 2020)
Limited assets ($1,781 in 2020) provide minimal financial cushion
Strengths
Consistent 0% officer compensation, indicating strong volunteer commitment and efficient use of funds
Lean operational structure with expenses generally tracking revenues
Focus on community event (Arts, Culture, Humanities - Festivals)
Spending Breakdown
How Ogden Valley Balloon Fest Inc 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 Ogden Valley Balloon Fest Inc
Is Ogden Valley Balloon Fest Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ogden Valley Balloon Fest Inc (EIN: 201217120) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Ogden Valley Balloon Fest Inc a good charity to donate to?
Ogden Valley Balloon Fest Inc has a Mission Score of 85/100. Revenue: $10K. Assets: $2K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ogden Valley Balloon Fest Inc?
The Employer Identification Number (EIN) for Ogden Valley Balloon Fest Inc is 201217120. 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 Ogden Valley Balloon Fest Inc spend its money?
Ogden Valley Balloon Fest Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ogden Valley Balloon Fest Inc's tax-exempt status?
You can verify Ogden Valley Balloon Fest Inc's tax-exempt status using EIN 201217120 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
Ogden Valley Balloon Fest Inc. appears to be a very small, volunteer-run organization focused on community events. Its financial health is modest, with recent revenue in 2020 at $9,500 and assets of $1,781. The organization has experienced fluctuating revenues over the past decade, peaking at $85,181 in 2019 before a significant drop in 2020. Expenses have generally tracked revenues, indicating a lean operational model. The organization consistently reports 0% officer compensation, which suggests a high degree of volunteerism and a commitment to directing funds towards its mission. However, the small scale of operations and limited assets mean it has little financial cushion.
Spending efficiency is difficult to precisely determine without a detailed breakdown of program vs. administrative costs in the provided data. However, the consistent reporting of no officer compensation is a strong indicator of efficient use of funds, as a major potential overhead cost is absent. Given its NTEE code (T30 - Arts, Culture, Humanities - Festivals), its primary 'program' would be the event itself. The organization's transparency is good in terms of officer compensation, but a more detailed expense breakdown would further enhance understanding of its spending priorities. The significant drop in revenue from $85,181 in 2019 to $9,500 in 2020 suggests potential vulnerability to external factors, such as event cancellations or reduced fundraising capacity.