Is Pike County Economic Development Corporation Legit?
Quick charity verification for Pike County Economic Development Corporation (EIN: 134216019)
Verdict: Pike County Economic Development Corporation appears trustworthy
75/100Mission Score
$470KRevenue
$1.1MAssets
2Red Flags
4Strengths
Red Flags
Unusually low (0%) reported officer compensation, which may obscure true administrative costs or indicate a unique operational model.
Gradual decline in total assets over the past eight years, from $1,558,772 in 2015 to $1,206,147 in 2023.
Strengths
Consistent financial reporting with 13 years of IRS 990 filings, indicating transparency and compliance.
Maintained a healthy asset base consistently above $1 million, providing financial stability.
Liabilities have decreased over time, from $777,245 in 2014 to $429,574 in 2023, indicating responsible debt management.
Stable revenue generation, consistently in the range of $350,000-$470,000 annually.
Spending Breakdown
How Pike County Economic Development Corporation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Pike County Economic Development Corporation
Is Pike County Economic Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Pike County Economic Development Corporation (EIN: 134216019) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Pike County Economic Development Corporation a good charity to donate to?
Pike County Economic Development Corporation has a Mission Score of 75/100. Revenue: $470K. Assets: $1.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Pike County Economic Development Corporation?
The Employer Identification Number (EIN) for Pike County Economic Development Corporation is 134216019. 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 Pike County Economic Development Corporation spend its money?
Pike County Economic Development Corporation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Pike County Economic Development Corporation's tax-exempt status?
You can verify Pike County Economic Development Corporation's tax-exempt status using EIN 134216019 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
Pike County Economic Development Corporation demonstrates consistent financial activity, with revenues and expenses generally in the range of $350,000 to $470,000 over the past decade. The organization has maintained a healthy asset base, consistently over $1 million, which provides a solid foundation for its operations. A notable aspect is the reported 0% officer compensation across all available filings, suggesting either a volunteer-led executive team or compensation structured in a way that isn't reported as officer compensation on the 990, which warrants further investigation for full transparency. While the organization's assets have seen a gradual decline from $1,558,772 in 2015 to $1,206,147 in 2023, its liabilities have also decreased, indicating responsible financial management rather than distress. The consistent filing of 990s over 13 periods indicates a commitment to regulatory compliance and transparency.