Is Vic Geary Drop In Center Legit?

Quick charity verification for Vic Geary Drop In Center (EIN: 20430701)

Verdict: Vic Geary Drop In Center appears trustworthy

92/100Mission Score
$113KRevenue
$66KAssets
0Red Flags
5Strengths

No red flags identified.

Strengths

AI Transparency Report

The Vic Geary Drop In Center demonstrates consistent financial operations, with revenues and expenses generally in balance over the past decade. For instance, in 2023, expenses of $53,000 were closely matched by revenues of $52,778. The organization maintains a healthy financial position with no reported liabilities across all available filings, indicating strong fiscal management and a lack of debt. Assets have shown some fluctuation but remain positive, with $33,317 reported in 2023. The absence of officer compensation across all filings suggests a volunteer-driven leadership model, which can contribute to lower administrative costs and a higher proportion of funds directed towards programs. Spending efficiency appears high, primarily due to the lack of executive compensation. This allows a greater percentage of the organization's relatively modest revenue to be allocated directly to its mission. While specific program spending percentages are not detailed in the provided summary, the overall financial picture suggests a lean operation. The organization's consistent filing history and zero liabilities indicate a commitment to transparency and responsible financial stewardship, particularly for an organization of its size with latest revenue of $113,442 and assets of $65,817.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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