Is White Mountain Gateway Economic Development Corporation Legit?
Quick charity verification for White Mountain Gateway Economic Development Corporation (EIN: 10573568)
Verdict: White Mountain Gateway Economic Development Corporation has notable concerns
20/100Mission Score
$0Revenue
$0Assets
3Red Flags
1Strengths
Red Flags
Reported $0 revenue and assets in the latest filing after previously holding significant assets, indicating potential dormancy or closure.
Lack of detailed expense breakdown makes it impossible to assess spending efficiency.
Significant drop in revenue from $208,868 in 201312 to $0 in the latest period.
Strengths
Consistently reported 0% officer compensation, indicating a volunteer-led structure or no paid executives.
Spending Breakdown
How White Mountain Gateway Economic Development Corporation allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
0%
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 White Mountain Gateway Economic Development Corporation
Is White Mountain Gateway Economic Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, White Mountain Gateway Economic Development Corporation (EIN: 10573568) has notable concerns. Mission Score: 20/100. 3 red flags identified, 1 strength noted.
Is White Mountain Gateway Economic Development Corporation a good charity to donate to?
White Mountain Gateway Economic Development Corporation has a Mission Score of 20/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for White Mountain Gateway Economic Development Corporation?
The Employer Identification Number (EIN) for White Mountain Gateway Economic Development Corporation is 10573568. 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 White Mountain Gateway Economic Development Corporation spend its money?
White Mountain Gateway Economic Development Corporation allocates 0% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify White Mountain Gateway Economic Development Corporation's tax-exempt status?
You can verify White Mountain Gateway Economic Development Corporation's tax-exempt status using EIN 10573568 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
White Mountain Gateway Economic Development Corporation appears to be a dormant or significantly scaled-down organization based on its latest financial filings. The most recent period (201512) shows minimal revenue of $1,245 and expenses of $2,134, with zero assets and liabilities reported in the latest available data, which contradicts the asset figures from prior years. This suggests a potential winding down or complete inactivity, as the organization reported $0 in both revenue and assets in its latest filing. The lack of officer compensation across all reported periods indicates either an all-volunteer board or that compensation is not being reported in a standard manner, which could be a point of inquiry for transparency.
The organization's financial health, based on the provided data, is concerning due to the reported $0 revenue and assets in the latest period, following a significant drop from $208,868 in revenue in 201312. Spending efficiency is difficult to assess without detailed expense breakdowns, but with minimal activity, the concept of efficiency becomes less relevant. Transparency is moderate; while officer compensation is reported as 0%, the discrepancy in asset reporting between the latest and prior periods warrants clarification.