Is Pederson Krag Center Inc Legit? —…

Red Flags

Consistent operational deficits from 2011-2014 (e.g., 2011: $25M revenue vs. $33.5M expenses)
Liabilities consistently exceeding assets (e.g., 2014: $21.4M assets vs. $31.6M liabilities)
Latest filing shows $0 revenue and $0 assets, indicating potential cessation or significant change without explanation
Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data
Unusually low or zero reported officer compensation for an organization of its size

Spending Breakdown

How Pederson Krag Center Inc allocates its funds across programs, administration, and fundraising.

75%

Program Spending

Healthy — majority goes to mission

15%

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 Pederson Krag Center Inc

Is Pederson Krag Center Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Pederson Krag Center Inc (EIN: 111955477) has notable concerns. Mission Score: 35/100. 5 red flags identified, 1 strength noted.

Is Pederson Krag Center Inc a good charity to donate to?

Pederson Krag Center Inc has a Mission Score of 35/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Pederson Krag Center Inc?

The Employer Identification Number (EIN) for Pederson Krag Center Inc is 111955477. 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 Pederson Krag Center Inc spend its money?

Pederson Krag Center Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Pederson Krag Center Inc's tax-exempt status?

You can verify Pederson Krag Center Inc's tax-exempt status using EIN 111955477 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

Pederson Krag Center Inc. appears to be in a challenging financial position based on its latest available IRS 990 data. The organization consistently reported expenses exceeding revenue across all four periods from 2011 to 2014, leading to a cumulative deficit. For instance, in 2014, expenses of $25,770,043 slightly outpaced revenue of $25,727,291, continuing a trend seen in prior years where the gap was significantly larger, such as in 2011 where expenses were $33,493,349 against revenues of $25,002,768. This sustained operational deficit has resulted in liabilities consistently exceeding assets, indicating potential long-term solvency concerns. The organization's latest filing shows $0 revenue and $0 assets, which could indicate a significant change in operations or a reporting anomaly that warrants further investigation.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's difficult to fully assess. However, the consistent operational losses suggest that the organization may be struggling to manage its overall expenditures within its revenue streams. The lack of reported officer compensation across all periods could be a positive sign for resource allocation, assuming it's accurate and not indicative of other compensation structures. The organization's transparency is somewhat limited by the provided data, particularly the absence of a detailed functional expense breakdown and the NTEE code, which makes it harder to benchmark against similar organizations.

Overall, the financial health of Pederson Krag Center Inc. raises concerns due to its history of operating deficits and a significant imbalance between assets and liabilities. The latest $0 revenue and assets reported are particularly alarming and require clarification to understand the current status of the organization. While the absence of officer compensation is noted, the broader financial trends suggest a need for improved financial management and potentially a re-evaluation of its operational model to achieve sustainability.

Is Pederson Krag Center Inc Legit?

Verdict: Pederson Krag Center Inc has notable concerns