Is Affinity Federal Credit Union Foundation Inc Legit?
Quick charity verification for Affinity Federal Credit Union Foundation Inc (EIN: 202706810)
Verdict: Affinity Federal Credit Union Foundation Inc appears trustworthy
75/100Mission Score
$372KRevenue
$647KAssets
2Red Flags
3Strengths
Red Flags
Consistent operational deficits in recent years (2023 and 2022)
Significant increase in liabilities from $0 in 2021 to $264,032 in 2023
Strengths
Consistent reporting of 0% officer compensation
Healthy asset base, reaching $734,190 in 2023
Regular and consistent IRS 990 filing history
Spending Breakdown
How Affinity Federal Credit Union Foundation 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 Affinity Federal Credit Union Foundation Inc
Is Affinity Federal Credit Union Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Affinity Federal Credit Union Foundation Inc (EIN: 202706810) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Affinity Federal Credit Union Foundation Inc a good charity to donate to?
Affinity Federal Credit Union Foundation Inc has a Mission Score of 75/100. Revenue: $372K. Assets: $647K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Affinity Federal Credit Union Foundation Inc?
The Employer Identification Number (EIN) for Affinity Federal Credit Union Foundation Inc is 202706810. 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 Affinity Federal Credit Union Foundation Inc spend its money?
Affinity Federal Credit Union Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Affinity Federal Credit Union Foundation Inc's tax-exempt status?
You can verify Affinity Federal Credit Union Foundation Inc's tax-exempt status using EIN 202706810 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
Affinity Federal Credit Union Foundation Inc. demonstrates a fluctuating financial performance over the past few years. In 2023, the organization reported revenue of $259,673 against expenses of $329,172, indicating a deficit for the year. This trend of expenses exceeding revenue was also observed in 2022, with $398,525 in revenue and $441,593 in expenses. While the foundation's assets have generally grown, reaching $734,190 in 2023, the increasing liabilities, which jumped from $0 in 2021 to $264,032 in 2023, warrant closer examination. The consistent reporting of 0% officer compensation across all available filings suggests good governance regarding executive pay, especially for a foundation of this size.
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses from the provided data. However, the consistent operational deficits in recent years (2023 and 2022) suggest that the foundation is spending more than it is bringing in, which is not sustainable long-term. The NTEE code T30 indicates a focus on credit unions, which aligns with its name. Transparency appears to be adequate through its regular IRS 990 filings, which consistently report key financial metrics and zero officer compensation.
Overall, while the foundation maintains a healthy asset base, its recent operational deficits and growing liabilities are areas of concern that could impact its long-term financial health and ability to fulfill its mission. A deeper dive into the nature of its expenses would be beneficial to understand its spending efficiency.