Quick charity verification for Raising Readers In Wyoming (EIN: 203027540)
Verdict: Raising Readers In Wyoming appears trustworthy
88/100Mission Score
$87KRevenue
$85KAssets
1Red Flags
5Strengths
Red Flags
Expenses exceeded revenue in 2023 ($104,370 expenses vs. $72,317 revenue), leading to a decrease in assets.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds.
Maintains zero liabilities across all reported periods, demonstrating strong fiscal management.
High estimated percentage of spending directed towards program services (85%).
Consistent filing of IRS Form 990s, indicating strong transparency.
Maintained a positive asset balance even during periods of deficit.
Spending Breakdown
How Raising Readers In Wyoming 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 Raising Readers In Wyoming
Is Raising Readers In Wyoming a legitimate charity?
Based on AI analysis of IRS 990 filings, Raising Readers In Wyoming (EIN: 203027540) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 5 strengths noted.
Is Raising Readers In Wyoming a good charity to donate to?
Raising Readers In Wyoming has a Mission Score of 88/100. Revenue: $87K. Assets: $85K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Raising Readers In Wyoming?
The Employer Identification Number (EIN) for Raising Readers In Wyoming is 203027540. 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 Raising Readers In Wyoming spend its money?
Raising Readers In Wyoming allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Raising Readers In Wyoming's tax-exempt status?
You can verify Raising Readers In Wyoming's tax-exempt status using EIN 203027540 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
Raising Readers In Wyoming demonstrates a commitment to its mission of promoting literacy, as evidenced by its consistent program spending. The organization's financial health shows some volatility in revenue, with a notable dip in 2023 where expenses ($104,370) exceeded revenue ($72,317), leading to a decrease in assets from $78,789 in 2022 to $46,736 in 2023. However, the organization has historically maintained a healthy asset base relative to its annual revenue, indicating a degree of financial stability over time.
Spending efficiency appears to be a strength, with a significant portion of expenses directed towards program services. The absence of reported officer compensation across all filings suggests that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which can be a positive indicator for donor confidence. The organization consistently reports zero liabilities, which is a strong sign of fiscal responsibility and avoids debt burdens.
Transparency is high given the consistent filing of IRS Form 990s and the clear reporting of financial data. The lack of officer compensation further enhances this perception. While the recent deficit in 2023 warrants attention, the overall trend shows a well-managed organization focused on its mission, with a solid track record of financial reporting and a lean operational structure.