Is Skagway Development Corporation Community Development Services Legit?
Quick charity verification for Skagway Development Corporation Community Development Services (EIN: 200122259)
Verdict: Skagway Development Corporation Community Development Services appears trustworthy
75/100Mission Score
$428KRevenue
$232KAssets
3Red Flags
3Strengths
Red Flags
Significant operating deficit in the most recent fiscal year (2023 expenses $330,907 vs. revenue $186,851)
Fluctuating revenue stream over the past three years
Unusually low (0%) reported officer compensation, which might obscure actual leadership costs if compensated through other means.
Strengths
Consistent asset growth from $97,532 in 2021 to $232,086 currently
No reported officer compensation, indicating efficient use of funds at the executive level or volunteer leadership
Positive net income in 2022 ($300,733 revenue vs. $205,332 expenses)
Spending Breakdown
How Skagway Development Corporation Community Development Services allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Skagway Development Corporation Community Development Services
Is Skagway Development Corporation Community Development Services a legitimate charity?
Based on AI analysis of IRS 990 filings, Skagway Development Corporation Community Development Services (EIN: 200122259) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is Skagway Development Corporation Community Development Services a good charity to donate to?
Skagway Development Corporation Community Development Services has a Mission Score of 75/100. Revenue: $428K. Assets: $232K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Skagway Development Corporation Community Development Services?
The Employer Identification Number (EIN) for Skagway Development Corporation Community Development Services is 200122259. 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 Skagway Development Corporation Community Development Services spend its money?
Skagway Development Corporation Community Development Services allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Skagway Development Corporation Community Development Services's tax-exempt status?
You can verify Skagway Development Corporation Community Development Services's tax-exempt status using EIN 200122259 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 Skagway Development Corporation demonstrates a mixed financial picture. While the organization has shown growth in assets from $97,532 in 2021 to $232,086 currently, its revenue has fluctuated significantly, from $164,236 in 2021 to $300,733 in 2022, then dropping to $186,851 in 2023. The most recent filing (2023) shows expenses ($330,907) significantly exceeding revenue ($186,851), resulting in a net loss for that period. This indicates a potential reliance on reserves or prior year surpluses to cover operational costs. The organization consistently reports 0% officer compensation, which is a positive indicator of efficient use of funds at the executive level and strong transparency regarding leadership costs.