Quick charity verification for Potato Variety Management Institute Inc (EIN: 203673850)
Verdict: Potato Variety Management Institute Inc appears trustworthy
95/100Mission Score
$1.6MRevenue
$1.5MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, increasing from $841,431 in 2019 to $1,476,521 in 2023.
Zero reported liabilities across all available filings, indicating strong financial management and no debt.
No reported officer compensation, suggesting high efficiency in directing funds to programs.
Healthy asset growth, from $949,935 in 2020 to $1,346,452 in 2023, building financial resilience.
Consistent positive net income, with expenses generally lower than revenue, demonstrating fiscal prudence.
Spending Breakdown
How Potato Variety Management Institute Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Potato Variety Management Institute Inc
Is Potato Variety Management Institute Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Potato Variety Management Institute Inc (EIN: 203673850) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Potato Variety Management Institute Inc a good charity to donate to?
Potato Variety Management Institute Inc has a Mission Score of 95/100. Revenue: $1.6M. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Potato Variety Management Institute Inc?
The Employer Identification Number (EIN) for Potato Variety Management Institute Inc is 203673850. 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 Potato Variety Management Institute Inc spend its money?
Potato Variety Management Institute Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Potato Variety Management Institute Inc's tax-exempt status?
You can verify Potato Variety Management Institute Inc's tax-exempt status using EIN 203673850 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 Potato Variety Management Institute Inc. demonstrates consistent financial growth and strong fiscal management. Over the past five years, revenue has steadily increased from $841,431 in 2019 to $1,476,521 in 2023, indicating a growing operational scale and donor/stakeholder confidence. The organization consistently maintains a healthy surplus, with expenses generally lower than revenue, contributing to a solid asset base that grew from $949,935 in 2020 to $1,346,452 in 2023. This financial stability suggests effective resource management and a capacity for sustained operations.
Spending efficiency appears high, as evidenced by the consistent positive net income and the absence of reported liabilities across all recent filings, indicating that the organization is not accumulating debt. The lack of reported officer compensation in all available filings is a significant indicator of transparency and a commitment to directing resources towards its mission rather than executive salaries. This practice, while unusual, suggests a volunteer-driven or very lean administrative structure.
Overall, the organization exhibits strong financial health, efficient spending practices, and a high degree of transparency regarding its executive compensation. The consistent growth in assets and revenue, coupled with zero liabilities and no reported officer compensation, paints a picture of a well-managed and mission-focused entity.