Is American Maritime Officers Safety & Education Plan Legit?
Quick charity verification for American Maritime Officers Safety & Education Plan (EIN: 131952549)
Verdict: American Maritime Officers Safety & Education Plan appears trustworthy
92/100Mission Score
$24.6MRevenue
$7.8MAssets
2Red Flags
3Strengths
Red Flags
Significant decline in assets over the past decade (from $27.9M in 2014 to $6.3M in 2023)
Expenses exceeded revenue in several years (e.g., 2022: $19.4M expenses vs. $15.8M revenue; 2019: $19.1M expenses vs. $17.1M revenue), potentially drawing down reserves.
Strengths
Consistent reporting of 0% officer compensation, indicating strong mission focus.
Expenses generally align closely with revenue, suggesting efficient use of funds for programs.
Long filing history (13 filings) demonstrates consistent operation and transparency.
Spending Breakdown
How American Maritime Officers Safety & Education Plan allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Maritime Officers Safety & Education Plan
Is American Maritime Officers Safety & Education Plan a legitimate charity?
Based on AI analysis of IRS 990 filings, American Maritime Officers Safety & Education Plan (EIN: 131952549) appears trustworthy. Mission Score: 92/100. 2 red flags identified, 3 strengths noted.
Is American Maritime Officers Safety & Education Plan a good charity to donate to?
American Maritime Officers Safety & Education Plan has a Mission Score of 92/100. Revenue: $24.6M. Assets: $7.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for American Maritime Officers Safety & Education Plan?
The Employer Identification Number (EIN) for American Maritime Officers Safety & Education Plan is 131952549. 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 Maritime Officers Safety & Education Plan spend its money?
American Maritime Officers Safety & Education Plan allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify American Maritime Officers Safety & Education Plan's tax-exempt status?
You can verify American Maritime Officers Safety & Education Plan's tax-exempt status using EIN 131952549 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 Maritime Officers Safety & Education Plan demonstrates a consistent commitment to its mission, as evidenced by its program spending. While specific breakdowns for administrative and fundraising costs are not provided in the summary data, the organization's overall expenses have generally tracked closely with its revenue, indicating a focus on utilizing funds for its stated purpose. For instance, in 2023, expenses were $21,928,359 against revenues of $22,277,701. The organization's assets have fluctuated over the years, from a high of $27,968,230 in 2014 to $6,396,282 in 2023, suggesting varying investment or operational strategies. The consistent reporting of 0% officer compensation across all filings indicates a strong commitment to directing funds towards programs rather than executive salaries, which is a positive sign for financial health and transparency.