Quick charity verification for Wayne County Development Allianceinc (EIN: 205132258)
Verdict: Wayne County Development Allianceinc appears trustworthy
85/100Mission Score
$11.1MRevenue
$14.1MAssets
2Red Flags
3Strengths
Red Flags
Highly volatile revenue and expense figures year-over-year, making consistent financial planning and analysis challenging.
Significant increase in liabilities in 2023 to $9,347,776, which needs further context to assess financial risk.
Strengths
Consistent reporting of 0% officer compensation, indicating a strong commitment to minimizing executive overhead.
Substantial asset growth to over $15 million in 2023, suggesting increased capacity or investment.
High program spending efficiency, with expenses closely matching revenue in the latest period, implying funds are being actively deployed.
Spending Breakdown
How Wayne County Development Allianceinc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 Wayne County Development Allianceinc
Is Wayne County Development Allianceinc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wayne County Development Allianceinc (EIN: 205132258) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Wayne County Development Allianceinc a good charity to donate to?
Wayne County Development Allianceinc has a Mission Score of 85/100. Revenue: $11.1M. Assets: $14.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Wayne County Development Allianceinc?
The Employer Identification Number (EIN) for Wayne County Development Allianceinc is 205132258. 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 Wayne County Development Allianceinc spend its money?
Wayne County Development Allianceinc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Wayne County Development Allianceinc's tax-exempt status?
You can verify Wayne County Development Allianceinc's tax-exempt status using EIN 205132258 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
Wayne County Development Allianceinc demonstrates a highly variable financial history, with a significant surge in revenue and expenses in the latest 202306 filing period, reaching $10,960,205 in revenue and $10,777,593 in expenses. This contrasts sharply with previous years where revenues typically ranged from $500,000 to $1.8 million. The organization's assets have also seen substantial growth, from $5.6 million in 2022 to over $15 million in 2023, accompanied by a notable increase in liabilities to $9,347,776 in 2023. This indicates a period of substantial expansion or a major project undertaken. The consistent reporting of 0% officer compensation across all filings suggests a commitment to minimizing administrative overhead in this area, which is a positive indicator for donor confidence. However, the dramatic fluctuations in financial scale warrant closer examination to understand the underlying activities driving these changes and ensure long-term stability.