Is Abilities Unlimited Of The Carolinas Inc Legit?
Quick charity verification for Abilities Unlimited Of The Carolinas Inc (EIN: 202961087)
Verdict: Abilities Unlimited Of The Carolinas Inc appears trustworthy
88/100Mission Score
$246KRevenue
$321KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, increasing from $75,758 in 2015 to $248,908 in 2024.
Strong asset accumulation, growing from $114,886 in 2015 to $329,368 in 2024.
Consistently reported 0% officer compensation across all filings, indicating efficient use of funds.
Excellent financial stability with negligible liabilities ($0 in most recent filings).
Consistent generation of operating surpluses, such as $53,301 in 2024, contributing to reserves and sustainability.
Spending Breakdown
How Abilities Unlimited Of The Carolinas Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Abilities Unlimited Of The Carolinas Inc
Is Abilities Unlimited Of The Carolinas Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Abilities Unlimited Of The Carolinas Inc (EIN: 202961087) appears trustworthy. Mission Score: 88/100. 0 red flags identified, 5 strengths noted.
Is Abilities Unlimited Of The Carolinas Inc a good charity to donate to?
Abilities Unlimited Of The Carolinas Inc has a Mission Score of 88/100. Revenue: $246K. Assets: $321K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Abilities Unlimited Of The Carolinas Inc?
The Employer Identification Number (EIN) for Abilities Unlimited Of The Carolinas Inc is 202961087. 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 Abilities Unlimited Of The Carolinas Inc spend its money?
Abilities Unlimited Of The Carolinas Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Abilities Unlimited Of The Carolinas Inc's tax-exempt status?
You can verify Abilities Unlimited Of The Carolinas Inc's tax-exempt status using EIN 202961087 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
Abilities Unlimited Of The Carolinas Inc demonstrates a generally healthy financial trajectory, with consistent revenue growth over the past several years, culminating in $248,908 in the latest filing period (202406). The organization has maintained a strong asset base, growing from $114,886 in 2015 to $329,368 in 2024, with negligible liabilities, indicating sound financial management and solvency. Their spending efficiency appears robust, as evidenced by the latest filing showing expenses of $195,607 against revenues of $248,908, resulting in a surplus that contributes to asset growth.
The organization's transparency is commendable, particularly in its executive compensation, which has consistently been reported as 0% across all available filings. This suggests that the organization is either entirely volunteer-run at the executive level or that compensation falls below reporting thresholds, which is a positive indicator for a nonprofit of its size. The consistent filing of IRS Form 990s over 13 periods further reinforces its commitment to transparency and regulatory compliance.
While specific program spending details are not provided in the summary data, the overall financial health, consistent growth, and lack of liabilities suggest a well-managed organization. The consistent surplus generation, such as the $53,301 surplus in 2024 ($248,908 revenue - $195,607 expenses), allows for reinvestment into its mission or building reserves, contributing to long-term sustainability. The absence of reported officer compensation is a significant positive for donor confidence.