Quick charity verification for Old Crescent Insurance Company (EIN: 202139253)
Verdict: Old Crescent Insurance Company appears trustworthy
75/100Mission Score
$10.3MRevenue
$22.0MAssets
1Red Flags
3Strengths
Red Flags
Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data, hindering full spending efficiency analysis.
Strengths
Consistent growth in assets, from $11,933,392 in 2014 to $22,045,221 currently.
No reported officer compensation across all filings, indicating efficient use of funds at the executive level.
Stable revenue generation over the past decade, with latest revenue at $2,885,336.
Spending Breakdown
How Old Crescent Insurance Company 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 Old Crescent Insurance Company
Is Old Crescent Insurance Company a legitimate charity?
Based on AI analysis of IRS 990 filings, Old Crescent Insurance Company (EIN: 202139253) appears trustworthy. Mission Score: 75/100. 1 red flag identified, 3 strengths noted.
Is Old Crescent Insurance Company a good charity to donate to?
Old Crescent Insurance Company has a Mission Score of 75/100. Revenue: $10.3M. Assets: $22.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Old Crescent Insurance Company?
The Employer Identification Number (EIN) for Old Crescent Insurance Company is 202139253. 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 Old Crescent Insurance Company spend its money?
Old Crescent Insurance Company allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Old Crescent Insurance Company's tax-exempt status?
You can verify Old Crescent Insurance Company's tax-exempt status using EIN 202139253 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
Old Crescent Insurance Company demonstrates a consistent pattern of financial growth in assets and revenue over the past decade, with total assets growing from $11,933,392 in 2014 to $22,045,221 currently. The organization's revenue has also shown a general upward trend, reaching $2,885,336 in the latest reported period (202306). However, the provided data lacks a detailed breakdown of expenses into program, administrative, and fundraising categories, which is crucial for a comprehensive assessment of spending efficiency. Without this information, it is challenging to fully evaluate how effectively the organization is allocating its resources towards its stated mission.
The organization's transparency regarding executive compensation is notable, with 'Officer Comp=0%' reported across all available filings. This indicates that the organization does not pay its officers, which is a significant factor in assessing its financial practices. While the overall financial health appears stable with growing assets, the absence of detailed functional expense reporting limits the ability to fully analyze spending efficiency and program impact. Further transparency in expense categorization would enhance the understanding of its operational effectiveness and commitment to its NTEE code B11 (Insurance Providers).