Is South Bay Workforce Investment Board Inc…

Quick charity verification for South Bay Workforce Investment Board Inc (EIN: 10611872)

Spending Breakdown

How South Bay Workforce Investment Board Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Bay Workforce Investment Board Inc

Is South Bay Workforce Investment Board Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, South Bay Workforce Investment Board Inc (EIN: 10611872) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.

Is South Bay Workforce Investment Board Inc a good charity to donate to?

South Bay Workforce Investment Board Inc has a Mission Score of 75/100. Revenue: $45.8M. Assets: $12.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for South Bay Workforce Investment Board Inc?

The Employer Identification Number (EIN) for South Bay Workforce Investment Board Inc is 10611872. 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 Bay Workforce Investment Board Inc spend its money?

South Bay Workforce Investment Board Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify South Bay Workforce Investment Board Inc's tax-exempt status?

You can verify South Bay Workforce Investment Board Inc's tax-exempt status using EIN 10611872 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 Bay Workforce Investment Board Inc. demonstrates consistent financial activity, with revenues and expenses generally balancing out over the past decade. For instance, in the 202306 period, revenues were $34,651,409 against expenses of $33,884,974, indicating a tight operational margin. The organization's assets have fluctuated, reaching a high of $15,400,441 in 201506 and currently standing at $12,239,038. Liabilities have also varied, from a low of $1,963,371 in 202206 to a high of $10,066,293 in 201506, suggesting some variability in short-term financial obligations.

The organization's NTEE code B90 indicates a focus on workforce development, which aligns with its mission. A notable aspect of its financial reporting is the consistent 0% officer compensation across all reported periods. This suggests that executive leadership may be compensated through other means not categorized as 'officer compensation' on the 990, or that the organization relies heavily on non-compensated leadership or a different compensation structure. Further investigation into the detailed expense breakdown would be necessary to fully understand the allocation of funds towards program services versus administrative and fundraising costs, as these are not explicitly detailed in the provided summary data.

Overall, the organization appears to be fiscally stable, managing significant annual revenues and expenses. The consistent reporting of 0% officer compensation is a unique characteristic that could be interpreted as a strength in terms of minimizing overhead, but also warrants a deeper look into how leadership is supported. The lack of detailed spending breakdown (program, admin, fundraising) in the provided data limits a complete assessment of spending efficiency, but the overall financial health appears sound given the consistent operational scale.

Is South Bay Workforce Investment Board Inc Legit?

Verdict: South Bay Workforce Investment Board Inc appears trustworthy

Red Flags

Strengths