Quick charity verification for American Welding Society Inc (EIN: 130434890)
Verdict: American Welding Society Inc appears trustworthy
85/100Mission Score
$47.6MRevenue
$167.3MAssets
2Red Flags
5Strengths
Red Flags
Lack of detailed functional expense breakdown in summary data makes full spending efficiency assessment difficult.
0% reported officer compensation for an organization of this size is unusual and may require further scrutiny of compensation reporting categories.
Strengths
Consistent revenue growth over the past decade, from $36,973,479 in 2014 to $47,593,345 currently.
Significant and consistent asset growth, more than doubling in the last decade to $167,266,956.
Consistently operates with a financial surplus, indicating strong financial management (e.g., $5,290,541 surplus in 2023).
Low liabilities relative to assets, demonstrating a very strong balance sheet and financial stability.
No reported officer compensation across all filings, suggesting fiscal prudence or a unique executive compensation structure.
Spending Breakdown
How American Welding Society Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
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 Welding Society Inc
Is American Welding Society Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, American Welding Society Inc (EIN: 130434890) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is American Welding Society Inc a good charity to donate to?
American Welding Society Inc has a Mission Score of 85/100. Revenue: $47.6M. Assets: $167.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for American Welding Society Inc?
The Employer Identification Number (EIN) for American Welding Society Inc is 130434890. 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 Welding Society Inc spend its money?
American Welding Society Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify American Welding Society Inc's tax-exempt status?
You can verify American Welding Society Inc's tax-exempt status using EIN 130434890 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 Welding Society Inc. demonstrates strong financial health and consistent growth in assets over the past decade, reaching $167,266,956 in the latest period. The organization consistently operates with a surplus, as seen in 2023 where revenue was $45,359,812 against expenses of $40,069,271, indicating sound financial management. Their liabilities remain a small fraction of their assets, suggesting a stable financial position.
While specific program spending percentages are not detailed in the provided summary, the consistent operational surplus and significant asset base suggest a well-resourced organization. The absence of reported officer compensation across all filings is a notable point regarding executive remuneration, which could indicate a volunteer-led executive board or that compensation is reported under other categories not specified here. Further detail on functional expenses would be needed to fully assess spending efficiency.
Overall, the American Welding Society Inc. appears to be a financially robust organization with a strong balance sheet and a history of responsible financial operations. The lack of reported officer compensation in the provided data is a unique characteristic that contributes to a perception of fiscal prudence, though a deeper dive into their functional expense breakdown would provide a more complete picture of their spending efficiency and transparency.