Quick charity verification for Ase Incorporated (EIN: 204106910)
Verdict: Ase Incorporated appears trustworthy
90/100Mission Score
$395KRevenue
$426KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent financial surplus, as seen in 2023 with revenue of $285,515 exceeding expenses of $230,786.
Growing net assets, increasing from $41,018 in 2016 to $299,464 in 2023.
0% officer compensation reported across all filings, indicating efficient use of funds.
Consistent filing of IRS Form 990s over 13 periods, demonstrating transparency and compliance.
Positive asset-to-liability ratio, with assets of $299,464 and liabilities of $10,200 in 2023.
Spending Breakdown
How Ase Incorporated 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 Ase Incorporated
Is Ase Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Ase Incorporated (EIN: 204106910) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Ase Incorporated a good charity to donate to?
Ase Incorporated has a Mission Score of 90/100. Revenue: $395K. Assets: $426K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ase Incorporated?
The Employer Identification Number (EIN) for Ase Incorporated is 204106910. 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 Ase Incorporated spend its money?
Ase Incorporated allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ase Incorporated's tax-exempt status?
You can verify Ase Incorporated's tax-exempt status using EIN 204106910 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
Ase Incorporated demonstrates generally sound financial health, with a positive trend in net assets over the past several years, growing from $41,018 in 2016 to $299,464 in 2023. The organization consistently operates with a surplus, as seen in 2023 where revenue of $285,515 exceeded expenses of $230,786. This indicates effective management of resources and a capacity to build reserves.
The organization's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This suggests that a very high proportion of funds are directed towards program services and operational costs rather than executive salaries. While specific program spending percentages are not detailed in the provided data, the absence of executive compensation is a positive indicator for donor confidence.
Transparency is high regarding executive compensation, as it is consistently reported as zero. However, a more detailed breakdown of program, administrative, and fundraising expenses would further enhance transparency and allow for a more precise assessment of spending efficiency. The consistent filing of IRS Form 990s over 13 periods also reflects a commitment to regulatory compliance and public disclosure.