Is Ole Legit?

Strengths

Consistent asset growth (from $97,520 in 201606 to $163,921 in 202406)
Zero reported officer compensation across all filings
Strong financial solvency with minimal to no liabilities in recent years
Consistent positive net income in most recent periods (e.g., $11,380 in 202406)
Regular and transparent IRS 990 filing history (9 filings)

Spending Breakdown

How Ole allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Ole

Is Ole a legitimate charity?

Based on AI analysis of IRS 990 filings, Ole (EIN: 208897404) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.

Is Ole a good charity to donate to?

Ole has a Mission Score of 90/100. Revenue: $88K. Assets: $149K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Ole?

The Employer Identification Number (EIN) for Ole is 208897404. 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 Ole spend its money?

Ole allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Ole's tax-exempt status?

You can verify Ole's tax-exempt status using EIN 208897404 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

Ole demonstrates consistent financial health with a stable asset base and no reported liabilities in recent years, indicating sound financial management. The organization consistently spends less than its revenue, as seen in the 202406 period where revenue was $80,713 and expenses were $69,333, contributing to asset growth. This efficiency in managing expenses relative to income is a positive indicator. The absence of officer compensation across all reported periods suggests a volunteer-driven leadership or that compensation falls below reporting thresholds, which can be a sign of dedication to mission over personal gain.

The organization's spending efficiency appears strong, with expenses generally well-controlled. For instance, in the 202406 period, expenses were approximately 85.9% of revenue. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the overall financial picture suggests a focus on utilizing funds effectively. The consistent growth in assets, from $97,520 in 201606 to $163,921 in 202406, further supports a financially prudent approach.

Transparency is high given the consistent filing of IRS Form 990s over nine periods, providing a clear historical financial record. The consistent reporting of zero liabilities in most recent periods (202406, 202306, 202106, 202006, 201906, 201806) is a strong indicator of financial stability and responsible fiscal practices. The lack of reported officer compensation also contributes to a perception of transparency regarding how funds are allocated.

Verdict: Ole appears trustworthy

Red Flags