Quick charity verification for Rio Arriba County Fair Association (EIN: 204461087)
Verdict: Rio Arriba County Fair Association appears trustworthy
80/100Mission Score
$218KRevenue
$25KAssets
1Red Flags
4Strengths
Red Flags
Slight deficit in latest fiscal period (202312) where expenses ($235,233) exceeded revenue ($217,722).
Strengths
Consistent reporting of $0 liabilities across all filings, indicating no debt.
No reported officer compensation, suggesting efficient use of funds for mission.
Consistent filing of IRS 990s, demonstrating transparency.
Revenue growth from $168,263 in 2022 to $217,722 in 2023, indicating increasing support.
Spending Breakdown
How Rio Arriba County Fair Association 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 Rio Arriba County Fair Association
Is Rio Arriba County Fair Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Rio Arriba County Fair Association (EIN: 204461087) appears trustworthy. Mission Score: 80/100. 1 red flag identified, 4 strengths noted.
Is Rio Arriba County Fair Association a good charity to donate to?
Rio Arriba County Fair Association has a Mission Score of 80/100. Revenue: $218K. Assets: $25K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Rio Arriba County Fair Association?
The Employer Identification Number (EIN) for Rio Arriba County Fair Association is 204461087. 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 Rio Arriba County Fair Association spend its money?
Rio Arriba County Fair Association allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Rio Arriba County Fair Association's tax-exempt status?
You can verify Rio Arriba County Fair Association's tax-exempt status using EIN 204461087 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 Rio Arriba County Fair Association demonstrates consistent financial activity, with revenues and expenses generally balancing out over the past decade. In the latest filing (202312), the organization reported revenues of $217,722 against expenses of $235,233, indicating a slight deficit for the period. This trend of near break-even operations is common for community-focused nonprofits. The organization consistently reports $0 in liabilities across all available filings, suggesting a healthy balance sheet free from debt. Assets have fluctuated, with the latest at $24,612, which is relatively modest given its annual revenue. The absence of reported officer compensation in all filings suggests a volunteer-led or minimally compensated leadership structure, which can be a positive indicator of resource allocation directly to mission-related activities.
Spending efficiency appears to be reasonable, given the nature of a fair association which often involves significant event-related costs. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the consistent near-zero liabilities and lack of executive compensation imply that a substantial portion of funds likely supports the fair's operations. The organization's revenue has shown growth, increasing from $168,263 in 2022 to $217,722 in 2023, indicating continued community engagement and support. However, the slight deficit in the latest year warrants monitoring to ensure long-term financial stability.
Transparency is generally good, with consistent IRS 990 filings available over many years. The clear reporting of revenue, expenses, assets, liabilities, and officer compensation provides a solid foundation for financial analysis. The consistent reporting of $0 officer compensation enhances transparency by showing that leadership is not drawing salaries from the organization's funds. The organization's financial health appears stable, operating on a year-to-year basis with minimal reserves, which is typical for smaller, event-driven nonprofits.