Friends Of Grand Isle Inc
Friends Of Grand Isle Inc faces declining revenue despite zero liabilities and no officer compensation.
EIN: 204280405 · Grand Isle, LA · NTEE: S20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $18K |
| Total Expenses | $31K |
| Program Spending | 85% |
| Net Assets | $131K |
| Transparency Score | 80/100 |
Is Friends Of Grand Isle Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Grand Isle Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Grand Isle Inc
Friends Of Grand Isle Inc (EIN: 204280405) is a nonprofit organization based in Grand Isle, LA, classified under NTEE code S20. The organization reported total revenue of $18K and total assets of $108K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Grand Isle Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Grand Isle Inc is a micro nonprofit that has been operating for 20 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -63.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $36K |
| Total Expenses | $31K |
| Surplus / Deficit | +$6K |
| Total Assets | $131K |
| Net Assets | $131K |
| Operating Margin | 15.9% |
| Months of Reserves | 51.4 months |
Financial Health Grade: A
In 2023, Friends Of Grand Isle Inc reported a surplus of $6K with revenue exceeding expenses, holds 51.4 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2021–2023), Friends Of Grand Isle Inc's revenue has declined at a compound annual growth rate (CAGR) of -63.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -74.1% | -82.6% | +4.6% |
| 2022 | -47.6% | +47.6% | -22.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of Grand Isle Inc with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Friends Of Grand Isle Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $6K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly favorable for a nonprofit of this size and suggests a volunteer-driven leadership model.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Friends Of Grand Isle Inc's IRS 990 filings:
- Significant decline in revenue from $267,498 in 2021 to $36,300 in 2023
- Expenses exceeded revenue in 2022 ($175,840 expenses vs. $140,218 revenue)
Strengths
The following positive indicators were identified for Friends Of Grand Isle Inc:
- Zero liabilities reported across all three periods
- 0% officer compensation reported across all three periods, indicating volunteer leadership
- Strong program spending ratio (estimated 85%)
- Consistent asset base relative to current revenue, despite recent declines
Frequently Asked Questions about Friends Of Grand Isle Inc
Is Friends Of Grand Isle Inc a legitimate charity?
Friends Of Grand Isle Inc (EIN: 204280405) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 80/100. It has 3 years of IRS 990 filings on record. Total revenue: $18K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Friends Of Grand Isle Inc spend its money?
Friends Of Grand Isle Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Friends Of Grand Isle Inc tax-deductible?
Friends Of Grand Isle Inc is registered as a tax-exempt nonprofit (EIN: 204280405). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friends Of Grand Isle Inc's spending goes to programs?
Friends Of Grand Isle Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of Grand Isle Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Friends Of Grand Isle Inc is above average for NTEE category S20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of Grand Isle Inc located?
Friends Of Grand Isle Inc is headquartered in Grand Isle, Louisiana and files with the IRS under EIN 204280405. It is classified under NTEE code S20.
How many years of IRS 990 filings does Friends Of Grand Isle Inc have?
Friends Of Grand Isle Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $18K in total revenue.
Is Friends Of Grand Isle Inc a good charity?
Friends Of Grand Isle Inc exhibits strong indicators of a good charity, particularly its 0% officer compensation and zero liabilities. However, the significant decline in revenue from $267,498 in 2021 to $36,300 in 2023 raises questions about its long-term sustainability and program reach.
What caused the sharp decline in revenue?
The provided data does not specify the exact causes for the revenue decline from $267,498 in 2021 to $36,300 in 2023. This could be due to various factors such as reduced grant funding, fewer donations, or changes in fundraising strategies.
How does their spending efficiency compare to similar organizations?
With an estimated 85% of spending directed towards programs and 0% officer compensation, Friends Of Grand Isle Inc demonstrates excellent spending efficiency. This is generally higher than many comparable organizations, which often have higher administrative and fundraising overheads.
Filing History
IRS 990 filing history for Friends Of Grand Isle Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Friends Of Grand Isle Inc's revenue has declined by 86.4%, moving from $267K to $36K. Total assets decreased by 18.6% over the same period, from $161K to $131K. Total functional expenses fell by 74.4%, from $119K to $31K. In its most recent filing year (2023), Friends Of Grand Isle Inc reported a surplus of $6K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $36K | $31K | $131K | $0 | — | — |
| 2022 | $140K | $176K | $125K | $0 | — | View 990 |
| 2021 | $267K | $119K | $161K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $36K, expenses of $31K, and assets of $131K (revenue -74.1% year-over-year).
- 2022: Revenue of $140K, expenses of $176K, and assets of $125K (revenue -47.6% year-over-year).
- 2021: Revenue of $267K, expenses of $119K, and assets of $161K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Grand Isle Inc:
Data Sources and Methodology
This transparency report for Friends Of Grand Isle Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.