Is American College Of Bankruptcy Foundation Legit?
Quick charity verification for American College Of Bankruptcy Foundation (EIN: 10656156)
Verdict: American College Of Bankruptcy Foundation appears trustworthy
92/100Mission Score
$1.3MRevenue
$3.1MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, from $1,211,197 in 2014 to $2,797,100 in 2023.
Zero reported officer compensation across all available filings.
Low liabilities relative to assets, indicating strong financial health.
Consistent revenue growth over the past decade.
Regular and transparent IRS 990 filing history.
Spending Breakdown
How American College Of Bankruptcy Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 American College Of Bankruptcy Foundation
Is American College Of Bankruptcy Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, American College Of Bankruptcy Foundation (EIN: 10656156) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is American College Of Bankruptcy Foundation a good charity to donate to?
American College Of Bankruptcy Foundation has a Mission Score of 92/100. Revenue: $1.3M. Assets: $3.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for American College Of Bankruptcy Foundation?
The Employer Identification Number (EIN) for American College Of Bankruptcy Foundation is 10656156. 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 American College Of Bankruptcy Foundation spend its money?
American College Of Bankruptcy Foundation allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify American College Of Bankruptcy Foundation's tax-exempt status?
You can verify American College Of Bankruptcy Foundation's tax-exempt status using EIN 10656156 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
The American College Of Bankruptcy Foundation demonstrates strong financial health and efficient spending based on its IRS 990 filings. Over the past decade, the organization has consistently grown its assets, reaching $2,797,100 in 2023, up from $1,211,197 in 2014. This growth indicates sound financial management and an ability to build reserves. The foundation also maintains a very low liability profile, with liabilities at $40,000 in 2023, which is a small fraction of its assets, suggesting minimal financial risk.
The organization's spending efficiency is notable, particularly its consistent reporting of 0% officer compensation across all available filings. This indicates that executive leadership is likely volunteer-based or compensated through other means not reported as officer compensation, which is a strong positive for donor confidence. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the absence of officer compensation suggests a lean operational structure. The consistent surplus of revenue over expenses, such as $821,124 in revenue against $693,544 in expenses in 2023, further supports its financial stability and capacity to fund its mission.
In terms of transparency, the consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to public disclosure. The readily available financial data allows for a clear understanding of its revenue, expenses, and asset growth. The lack of reported officer compensation is a significant transparency point, as it directly addresses a common concern for donors regarding how funds are utilized at the top level.