Is South 27 Th Street Business District Association Inc Legit?
Quick charity verification for South 27 Th Street Business District Association Inc (EIN: 205845448)
Verdict: South 27 Th Street Business District Association Inc appears trustworthy
85/100Mission Score
$214KRevenue
$427KAssets
2Red Flags
4Strengths
Red Flags
Fluctuating annual revenue, indicating potential reliance on less predictable funding streams.
Lack of detailed expense breakdown in available data makes precise spending efficiency analysis difficult.
Strengths
Consistent reporting of 0% officer compensation, demonstrating strong commitment to mission-focused spending.
Healthy asset-to-liability ratio, indicating strong financial solvency (e.g., $457,062 assets vs. $371,354 liabilities in 2023).
Consistent asset growth over time, from $152,259 in 2010 to $457,062 in 2023.
History of managing expenses closely aligned with revenue, suggesting efficient operations.
Spending Breakdown
How South 27 Th Street Business District Association Inc 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 South 27 Th Street Business District Association Inc
Is South 27 Th Street Business District Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, South 27 Th Street Business District Association Inc (EIN: 205845448) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is South 27 Th Street Business District Association Inc a good charity to donate to?
South 27 Th Street Business District Association Inc has a Mission Score of 85/100. Revenue: $214K. Assets: $427K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for South 27 Th Street Business District Association Inc?
The Employer Identification Number (EIN) for South 27 Th Street Business District Association Inc is 205845448. 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 South 27 Th Street Business District Association Inc spend its money?
South 27 Th Street Business District Association Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify South 27 Th Street Business District Association Inc's tax-exempt status?
You can verify South 27 Th Street Business District Association Inc's tax-exempt status using EIN 205845448 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 South 27th Street Business District Association Inc. demonstrates a generally stable financial position, with assets consistently exceeding liabilities in recent years, indicating a healthy balance sheet. For instance, in 2023, assets were $457,062 against liabilities of $371,354. The organization's revenue has fluctuated, with a notable increase to $300,296 in 2022 before a decrease to $159,095 in 2023. This fluctuation suggests reliance on variable funding sources. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of financial transparency and a commitment to directing funds towards the organization's mission rather than executive salaries. However, without a detailed breakdown of expenses beyond total expenses, it's challenging to fully assess spending efficiency across programs, administration, and fundraising. The organization's NTEE code S40 (Business & Commerce) suggests its activities are likely focused on local economic development, which often involves direct program spending. The consistent reporting of expenses closely matching revenue in several years (e.g., 2018-2021) suggests a lean operational model, though it also means limited surplus for future investment or unexpected needs.