Quick charity verification for American Recorder Society Inc (EIN: 132930296)
Verdict: American Recorder Society Inc appears trustworthy
90/100Mission Score
$320KRevenue
$592KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, from $187,958 in 2014 to $230,567 in 2023.
Strong asset accumulation, with assets growing from $166,205 in 2014 to $432,831 in 2023.
Consistent operating surplus, with revenues exceeding expenses in most years (e.g., 2023 revenue $230,567 vs. expenses $200,877).
0% reported officer compensation across all filings, indicating efficient use of funds and potentially volunteer leadership.
Low liabilities relative to assets, suggesting good financial control (e.g., 2023 liabilities $17,578 vs. assets $432,831).
Spending Breakdown
How American Recorder Society 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 American Recorder Society Inc
Is American Recorder Society Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, American Recorder Society Inc (EIN: 132930296) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is American Recorder Society Inc a good charity to donate to?
American Recorder Society Inc has a Mission Score of 90/100. Revenue: $320K. Assets: $592K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for American Recorder Society Inc?
The Employer Identification Number (EIN) for American Recorder Society Inc is 132930296. 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 Recorder Society Inc spend its money?
American Recorder Society Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify American Recorder Society Inc's tax-exempt status?
You can verify American Recorder Society Inc's tax-exempt status using EIN 132930296 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 Recorder Society Inc. demonstrates consistent financial health and efficient spending based on its IRS 990 filings. Over the past decade, the organization has shown steady growth in revenue and assets, with revenue increasing from $187,958 in 2014 to $230,567 in 2023, and assets growing from $166,205 to $432,831 in the same period. This indicates effective financial management and an ability to build reserves. The organization consistently spends less than it earns, as evidenced by its 2023 expenses of $200,877 against revenues of $230,567, contributing to asset growth.
Spending efficiency appears strong, with a healthy margin between revenue and expenses. The consistent growth in assets suggests that the organization is building a stable financial foundation. Transparency is high, particularly regarding executive compensation, which has been reported as 0% across all available filings, indicating that the organization is likely run by volunteers or that compensation falls below reporting thresholds, which is a positive sign for a smaller nonprofit. The detailed filing history further enhances transparency, allowing for a clear view of financial trends.