Is Pikes Peak Library District Foundation…

Quick charity verification for Pikes Peak Library District Foundation Inc (EIN: 113690724)

Spending Breakdown

How Pikes Peak Library District Foundation Inc 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 Pikes Peak Library District Foundation Inc

Is Pikes Peak Library District Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Pikes Peak Library District Foundation Inc (EIN: 113690724) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.

Is Pikes Peak Library District Foundation Inc a good charity to donate to?

Pikes Peak Library District Foundation Inc has a Mission Score of 90/100. Revenue: $1.6M. Assets: $4.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Pikes Peak Library District Foundation Inc?

The Employer Identification Number (EIN) for Pikes Peak Library District Foundation Inc is 113690724. 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 Pikes Peak Library District Foundation Inc spend its money?

Pikes Peak Library District Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Pikes Peak Library District Foundation Inc's tax-exempt status?

You can verify Pikes Peak Library District Foundation Inc's tax-exempt status using EIN 113690724 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

The Pikes Peak Library District Foundation Inc. demonstrates a generally stable financial position with fluctuating revenues and expenses over the past decade. In the most recent filing (2022), the organization reported revenues of $1,251,710 against expenses of $1,349,015, indicating a deficit for that period. However, its assets have shown consistent growth, reaching $3,333,961 in 2022, up from $1,667,718 in 2012, suggesting effective asset management despite periodic operational deficits. The foundation consistently reports 0% officer compensation, which is a strong indicator of financial transparency and a commitment to directing funds towards its mission rather than executive salaries.

The organization's spending efficiency appears to vary. For instance, in 2021, expenses were significantly lower than revenue ($776,160 vs. $1,514,723), leading to a substantial surplus. Conversely, in 2018 and 2015, expenses exceeded revenue by considerable margins ($1,336,251 vs. $690,033 in 2018, and $1,875,849 vs. $1,302,263 in 2015). This variability suggests that while the foundation can manage its finances effectively in some periods, it also experiences years with significant operational deficits. The consistent reporting of zero officer compensation across all filings is a significant strength in terms of transparency and public trust.

Overall, the foundation exhibits a commitment to its mission through its lack of executive compensation and growing asset base. While operational efficiency fluctuates, the long-term trend of asset growth and consistent transparency in compensation reporting are positive indicators. The organization's ability to manage liabilities, which have remained relatively low compared to assets, also contributes to its financial stability.

Is Pikes Peak Library District Foundation Inc Legit?

Verdict: Pikes Peak Library District Foundation Inc appears trustworthy

Red Flags

Strengths