Is Xico Inc Legit?

Quick charity verification for Xico Inc (EIN: 204225234)

Verdict: Xico Inc appears trustworthy

75/100Mission Score

$833KRevenue

$1.3MAssets

3Red Flags

3Strengths

Red Flags

Consistent operating deficits in recent years (e.g., 2023 expenses $1,074,710 vs. revenue $790,114)
Significant increase in liabilities relative to assets, leading to decreasing net assets from 2021 to 2023
Lack of detailed expense breakdown (program, admin, fundraising) in provided summary data to fully assess efficiency

Strengths

No reported officer compensation, indicating a commitment to directing funds to mission
Significant growth in revenue and assets over the past decade, demonstrating organizational expansion
Long filing history (13 filings) suggests consistent compliance and operational longevity

Spending Breakdown

How Xico Inc allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

Admin Costs

Reasonable — admin costs in check

10%

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 Xico Inc

Is Xico Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Xico Inc (EIN: 204225234) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.

Is Xico Inc a good charity to donate to?

Xico Inc has a Mission Score of 75/100. Revenue: $833K. Assets: $1.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Xico Inc?

The Employer Identification Number (EIN) for Xico Inc is 204225234. 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 Xico Inc spend its money?

Xico Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Xico Inc's tax-exempt status?

You can verify Xico Inc's tax-exempt status using EIN 204225234 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

Xico Inc. demonstrates a mixed financial picture. While the organization has shown significant growth in revenue and assets over the past decade, with revenue increasing from $192,816 in 2014 to $790,114 in 2023, recent years indicate a trend of expenses exceeding revenue. For instance, in 2023, expenses were $1,074,710 against revenues of $790,114, and in 2022, expenses were $927,140 against revenues of $830,754. This consistent deficit spending could impact long-term financial stability if not addressed.

The organization's assets have grown substantially, reaching $1,571,381 in 2023, but liabilities have also increased significantly, standing at $1,295,971 in 2023. This high level of liabilities relative to assets, particularly the net assets decreasing from $789,714 in 2021 to $275,410 in 2023, warrants closer examination. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing administrative overhead in this specific area, which is a positive indicator of resource allocation. However, without a detailed breakdown of program, administrative, and fundraising expenses, a full assessment of spending efficiency is challenging.

View Full Transparency Report →

Disclaimer

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