Is Putnam County Convention And Visitors Bureau Legit?
Quick charity verification for Putnam County Convention And Visitors Bureau (EIN: 200561519)
Verdict: Putnam County Convention And Visitors Bureau appears trustworthy
88/100Mission Score
$249KRevenue
$233KAssets
2Red Flags
4Strengths
Red Flags
Lack of detailed expense breakdown (program, admin, fundraising) in provided data
Expenses slightly exceeded revenue in the most recent period (202306), indicating a minor operating deficit.
Strengths
Consistent revenue growth over the past decade, from $143,191 in 2014 to $226,235 in 2023.
Strong asset growth and healthy asset-to-liability ratio, with assets of $241,906 and liabilities of $5,636 in 2023.
No reported officer compensation, suggesting efficient use of funds for mission-related activities.
Consistent IRS 990 filing history, indicating good transparency and compliance.
Spending Breakdown
How Putnam County Convention And Visitors Bureau allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Putnam County Convention And Visitors Bureau
Is Putnam County Convention And Visitors Bureau a legitimate charity?
Based on AI analysis of IRS 990 filings, Putnam County Convention And Visitors Bureau (EIN: 200561519) appears trustworthy. Mission Score: 88/100. 2 red flags identified, 4 strengths noted.
Is Putnam County Convention And Visitors Bureau a good charity to donate to?
Putnam County Convention And Visitors Bureau has a Mission Score of 88/100. Revenue: $249K. Assets: $233K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Putnam County Convention And Visitors Bureau?
The Employer Identification Number (EIN) for Putnam County Convention And Visitors Bureau is 200561519. 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 Putnam County Convention And Visitors Bureau spend its money?
Putnam County Convention And Visitors Bureau allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Putnam County Convention And Visitors Bureau's tax-exempt status?
You can verify Putnam County Convention And Visitors Bureau's tax-exempt status using EIN 200561519 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
Putnam County Convention And Visitors Bureau demonstrates consistent financial stability and growth over the past decade, with revenues steadily increasing from $143,191 in 2014 to $226,235 in 2023. The organization maintains a healthy asset base, growing from $69,884 in 2014 to $241,906 in 2023, significantly exceeding its liabilities which have remained very low, indicating strong financial management and solvency. The organization's expenses generally track closely with its revenue, suggesting efficient use of funds without accumulating excessive surpluses or deficits, though the 2023 period showed expenses slightly exceeding revenue ($230,819 vs $226,235).
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise assessment. However, the consistent growth in assets and revenue, coupled with minimal liabilities, suggests that the organization is effectively managing its resources to achieve its mission. The absence of reported officer compensation further indicates a lean operational structure, potentially maximizing funds available for programmatic activities.
Transparency appears to be strong given the consistent filing of IRS Form 990s over 11 periods. The public availability of these filings allows for scrutiny of financial operations. The lack of reported officer compensation is a positive indicator for transparency and public trust, as it suggests that resources are not being diverted to high executive salaries, which is often a concern for nonprofits.