Is American Institute Of Chemical Engineers Legit?
Quick charity verification for American Institute Of Chemical Engineers (EIN: 131623892)
Verdict: American Institute Of Chemical Engineers appears trustworthy
85/100Mission Score
$78.7MRevenue
$68.4MAssets
2Red Flags
4Strengths
Red Flags
Operating deficit in the most recent filing (202312) where expenses ($51,294,290) exceeded revenue ($47,484,302).
Consistent reporting of 0% officer compensation, which is highly unusual for an organization of this scale and may warrant further investigation into how leadership is compensated or structured.
Strengths
Strong program spending ratio, with approximately 75% of expenses dedicated to program services in 2023.
Significant asset growth over the past decade, more than doubling from $29.4M in 2014 to $63.1M in 2023.
Consistent revenue generation, with annual revenues generally increasing over the past 10 years.
No reported officer compensation, indicating a potential commitment to directing resources to the mission.
Spending Breakdown
How American Institute Of Chemical Engineers allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
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 American Institute Of Chemical Engineers
Is American Institute Of Chemical Engineers a legitimate charity?
Based on AI analysis of IRS 990 filings, American Institute Of Chemical Engineers (EIN: 131623892) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is American Institute Of Chemical Engineers a good charity to donate to?
American Institute Of Chemical Engineers has a Mission Score of 85/100. Revenue: $78.7M. Assets: $68.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for American Institute Of Chemical Engineers?
The Employer Identification Number (EIN) for American Institute Of Chemical Engineers is 131623892. 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 Institute Of Chemical Engineers spend its money?
American Institute Of Chemical Engineers allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify American Institute Of Chemical Engineers's tax-exempt status?
You can verify American Institute Of Chemical Engineers's tax-exempt status using EIN 131623892 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 Institute Of Chemical Engineers (AIChE) demonstrates a generally stable financial profile with consistent revenue generation over the past decade. While the latest reported revenue is $78,695,623, the most recent 990 filing (202312) shows revenue of $47,484,302 against expenses of $51,294,290, indicating a deficit for that specific period. However, the organization has shown strong asset growth, increasing from $29,445,643 in 2014 to $63,183,291 in 2023, suggesting effective long-term financial management and accumulation of resources.
Spending efficiency appears to be a strength, with program service expenses consistently forming the largest portion of total expenses. For instance, in 2023, program service expenses were $38,470,717 out of total expenses of $51,294,290, representing approximately 75% of spending. This indicates a strong focus on its core mission. The organization also reports 0% officer compensation across all filings, which is a notable aspect of its transparency and resource allocation.
Overall, AIChE appears to be a financially sound organization with a strong commitment to its programmatic activities. The consistent growth in assets and the high proportion of program spending are positive indicators. The absence of reported officer compensation further enhances its transparency and commitment to directing resources towards its mission.