Is South Central Region 8 Workforce Board…

Quick charity verification for South Central Region 8 Workforce Board Inc (EIN: 204935443)

Spending Breakdown

How South Central Region 8 Workforce Board 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

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 Region 8 Workforce Board Inc

Is South Central Region 8 Workforce Board Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, South Central Region 8 Workforce Board Inc (EIN: 204935443) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is South Central Region 8 Workforce Board Inc a good charity to donate to?

South Central Region 8 Workforce Board Inc has a Mission Score of 85/100. Revenue: $5.0M. Assets: $1.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for South Central Region 8 Workforce Board Inc?

The Employer Identification Number (EIN) for South Central Region 8 Workforce Board Inc is 204935443. 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 Region 8 Workforce Board Inc spend its money?

South Central Region 8 Workforce Board 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 Region 8 Workforce Board Inc's tax-exempt status?

You can verify South Central Region 8 Workforce Board Inc's tax-exempt status using EIN 204935443 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 Region 8 Workforce Board Inc demonstrates consistent financial operations, with revenues closely matching expenses across all reported periods. This indicates a 'pass-through' funding model, common for workforce development boards that administer government grants. The organization's assets have shown steady growth, increasing from $244,720 in 2014 to $1,153,941 currently, suggesting effective management of resources. However, a notable aspect is that liabilities consistently equal or nearly equal assets in most filings (e.g., 202306: Assets=$852,728, Liabilities=$852,728), which could imply that most assets are restricted or earmarked for specific program expenditures, rather than representing unrestricted reserves.

The organization's spending efficiency appears high, given the consistent zero officer compensation reported across all filings, which is unusual for an organization of its size with nearly $5 million in annual revenue. This suggests that executive functions might be handled by staff whose compensation is not categorized as 'officer compensation' or that the board operates with entirely volunteer leadership. Without a detailed breakdown of functional expenses (program, administrative, fundraising), it's challenging to precisely assess spending efficiency, but the lack of officer compensation is a positive indicator for minimizing overhead.

Transparency is generally good due to consistent IRS 990 filings over 13 periods. However, the absence of reported officer compensation, while potentially a strength, also raises a question about how leadership is compensated or structured, which could be clarified for enhanced transparency. The consistent matching of revenues and expenses, along with assets and liabilities, points to a well-managed, albeit tightly controlled, financial structure typical of government-funded entities.

Is South Central Region 8 Workforce Board Inc Legit?

Verdict: South Central Region 8 Workforce Board Inc appears trustworthy

Red Flags

Strengths