Is Arnold Memorial Medical Building Society Legit?
Quick charity verification for Arnold Memorial Medical Building Society (EIN: 10500734)
Verdict: Arnold Memorial Medical Building Society appears trustworthy
90/100Mission Score
$68KRevenue
$651KAssets
1Red Flags
4Strengths
Red Flags
Significant expense volatility in 2019 ($292,453 expenses vs. $29,580 revenue) without clear explanation in summary data.
Strengths
Consistent zero officer compensation, indicating volunteer leadership and high efficiency.
Strong asset base ($650,664) relative to annual revenue, providing financial stability.
Consistently reports zero liabilities in recent years, indicating no debt burden.
Generally operates with a surplus in recent years (e.g., 2024 revenue $61,227 vs. expenses $48,488).
Spending Breakdown
How Arnold Memorial Medical Building Society 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 Arnold Memorial Medical Building Society
Is Arnold Memorial Medical Building Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Arnold Memorial Medical Building Society (EIN: 10500734) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Arnold Memorial Medical Building Society a good charity to donate to?
Arnold Memorial Medical Building Society has a Mission Score of 90/100. Revenue: $68K. Assets: $651K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Arnold Memorial Medical Building Society?
The Employer Identification Number (EIN) for Arnold Memorial Medical Building Society is 10500734. 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 Arnold Memorial Medical Building Society spend its money?
Arnold Memorial Medical Building Society allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Arnold Memorial Medical Building Society's tax-exempt status?
You can verify Arnold Memorial Medical Building Society's tax-exempt status using EIN 10500734 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 Arnold Memorial Medical Building Society demonstrates consistent financial stability with a healthy asset base, currently at $650,664. Over the past few years, the organization has generally operated with revenues exceeding expenses, as seen in 2024 ($61,227 revenue vs. $48,488 expenses) and 2023 ($56,264 revenue vs. $48,271 expenses), indicating sound financial management. However, there have been periods of significant expense spikes, such as in 2019 where expenses ($292,453) far outstripped revenue ($29,580), which warrants further investigation into the nature of these expenditures. The organization consistently reports zero liabilities and zero officer compensation, suggesting a volunteer-driven model and strong financial health in terms of debt. The NTEE code E39Z (Support for Health) suggests a focus on supporting health-related infrastructure, which aligns with the 'Medical Building Society' name. The lack of officer compensation also points to a high degree of transparency and dedication from its leadership.