Quick charity verification for Rifle Economic Development Corporation (EIN: 205780798)
Verdict: Rifle Economic Development Corporation appears trustworthy
90/100Mission Score
$234KRevenue
$271KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation across all filings, indicating high efficiency in leadership costs.
Positive net assets and growth in assets from $145,329 in 2019 to $257,001 in 2023.
Revenues generally exceeding expenses in recent years, contributing to financial stability (e.g., 2023 revenue $157,938 vs. expenses $104,965).
Consistent filing of IRS Form 990s, demonstrating transparency and compliance.
Manageable liabilities relative to assets, with liabilities at $25,200 in 2023 against assets of $257,001.
Spending Breakdown
How Rifle Economic Development Corporation 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 Rifle Economic Development Corporation
Is Rifle Economic Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Rifle Economic Development Corporation (EIN: 205780798) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Rifle Economic Development Corporation a good charity to donate to?
Rifle Economic Development Corporation has a Mission Score of 90/100. Revenue: $234K. Assets: $271K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Rifle Economic Development Corporation?
The Employer Identification Number (EIN) for Rifle Economic Development Corporation is 205780798. 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 Rifle Economic Development Corporation spend its money?
Rifle Economic Development Corporation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Rifle Economic Development Corporation's tax-exempt status?
You can verify Rifle Economic Development Corporation's tax-exempt status using EIN 205780798 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
Rifle Economic Development Corporation demonstrates consistent financial activity, with revenues generally exceeding expenses in recent years, contributing to a stable asset base. For example, in 2023, revenue was $157,938 against expenses of $104,965, leading to an increase in net assets. The organization's assets have grown from $145,329 in 2019 to $257,001 in 2023, indicating prudent financial management and accumulation of resources. The consistent reporting of 0% officer compensation across all available filings suggests a volunteer-driven leadership or that compensation is covered by other entities, which enhances its financial efficiency and transparency regarding executive pay.
While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the absence of officer compensation is a strong indicator of efficient use of funds at the top level. The organization's liabilities have fluctuated but remained manageable relative to its assets, with liabilities at $25,200 in 2023 against assets of $257,001. This financial stability, combined with the consistent filing of IRS Form 990s, points to a transparent and well-managed nonprofit focused on its economic development mission in Rifle, CO.