Is Rogers Lowell Economic Development Corporation Legit?
Quick charity verification for Rogers Lowell Economic Development Corporation (EIN: 201864947)
Verdict: Rogers Lowell Economic Development Corporation appears trustworthy
75/100Mission Score
$1.2MRevenue
$5KAssets
2Red Flags
3Strengths
Red Flags
Consistent 0% officer compensation reported, which may obscure actual leadership costs or indicate a unique operational model.
Relatively low assets compared to annual revenue, which could limit capacity for large-scale, long-term investments or unexpected financial needs.
Strengths
Consistent financial stability with revenues closely matching expenses year over year, indicating sound budget management.
High operational efficiency, as nearly all revenue is expended annually on mission-related activities.
Long filing history (13 filings) demonstrates sustained operation and compliance.
Spending Breakdown
How Rogers Lowell 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 Rogers Lowell Economic Development Corporation
Is Rogers Lowell Economic Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Rogers Lowell Economic Development Corporation (EIN: 201864947) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Rogers Lowell Economic Development Corporation a good charity to donate to?
Rogers Lowell Economic Development Corporation has a Mission Score of 75/100. Revenue: $1.2M. Assets: $5K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Rogers Lowell Economic Development Corporation?
The Employer Identification Number (EIN) for Rogers Lowell Economic Development Corporation is 201864947. 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 Rogers Lowell Economic Development Corporation spend its money?
Rogers Lowell 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 Rogers Lowell Economic Development Corporation's tax-exempt status?
You can verify Rogers Lowell Economic Development Corporation's tax-exempt status using EIN 201864947 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
Rogers Lowell Economic Development Corporation demonstrates consistent financial activity with revenues closely matching expenses across its filing history, indicating a balanced operational budget. For example, in 2023, revenue was $918,765 and expenses were $918,570. The organization's assets are relatively low compared to its annual revenue, such as $12,009 in assets against $918,765 in revenue in 2023, which is typical for organizations focused on immediate program delivery rather than asset accumulation. The consistent reporting of zero officer compensation across all available filings suggests either a volunteer-led executive team or that executive compensation is not reported in a manner that is easily identifiable as 'officer compensation' on the 990, which could impact transparency regarding leadership costs.
The organization's NTEE code S41 (Economic Development Corporations) aligns with its name and likely mission. Without a detailed breakdown of expenses into program, administrative, and fundraising categories from the provided data, it's challenging to precisely assess spending efficiency. However, the near-zero net income year after year implies that most revenue is expended on its operations and mission-related activities. The low asset base and consistent revenue-expense matching suggest a lean operational model.
Transparency regarding executive compensation is a notable point, as the consistent zero reporting warrants further investigation to understand how leadership is compensated, if at all, or if these costs are embedded within other expense categories. Overall, the financial data suggests a stable, operationally focused entity, but a deeper dive into expense allocation would provide a clearer picture of its spending efficiency and program impact.