Is South Central Indiana Usa Economic Development Group Inc Legit?
Quick charity verification for South Central Indiana Usa Economic Development Group Inc (EIN: 205142317)
Verdict: South Central Indiana Usa Economic Development Group Inc appears trustworthy
85/100Mission Score
$122KRevenue
$216KAssets
1Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in multiple recent periods (e.g., 2023, 2021), indicating potential reliance on reserves or prior surpluses.
Strengths
Consistent reporting of 0% officer compensation, indicating volunteer leadership and high administrative efficiency.
Zero reported liabilities across all filing periods, demonstrating strong financial solvency and responsible debt management.
Consistent growth in assets over the long term, from $46,720 in 2014 to $147,304 in 2023, indicating financial stability.
Transparency in IRS 990 filings with 13 historical records available.
Spending Breakdown
How South Central Indiana Usa Economic Development Group Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Central Indiana Usa Economic Development Group Inc
Is South Central Indiana Usa Economic Development Group Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, South Central Indiana Usa Economic Development Group Inc (EIN: 205142317) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is South Central Indiana Usa Economic Development Group Inc a good charity to donate to?
South Central Indiana Usa Economic Development Group Inc has a Mission Score of 85/100. Revenue: $122K. Assets: $216K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for South Central Indiana Usa Economic Development Group Inc?
The Employer Identification Number (EIN) for South Central Indiana Usa Economic Development Group Inc is 205142317. 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 Central Indiana Usa Economic Development Group Inc spend its money?
South Central Indiana Usa Economic Development Group Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify South Central Indiana Usa Economic Development Group Inc's tax-exempt status?
You can verify South Central Indiana Usa Economic Development Group Inc's tax-exempt status using EIN 205142317 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
South Central Indiana Usa Economic Development Group Inc demonstrates a generally stable financial position, with assets consistently exceeding liabilities across its filing history, indicating good solvency. For instance, in 2023, assets were $147,304 with $0 liabilities. However, the organization has experienced periods where expenses outpaced revenue, such as in 2023 where expenses were $98,822 against revenue of $76,886, and in 2021 with expenses of $69,305 against revenue of $45,481. This suggests a reliance on prior year surpluses or reserves to cover operational costs in some years. The consistent reporting of 0% officer compensation across all filings enhances transparency and suggests a volunteer-driven leadership model, which is a positive indicator for donor confidence regarding administrative efficiency.
The organization's financial health appears to be managed conservatively, with no reported liabilities in any of the provided periods, which is a strong positive for financial stability. While revenue and expenses fluctuate, the overall trend shows growth in assets over the long term, from $46,720 in 2014 to $147,304 in 2023. The absence of officer compensation also points to a high degree of spending efficiency, as a significant portion of funds is not diverted to executive salaries. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is limited, though the lack of executive compensation is a strong positive signal.