Is Associates Of The University Of Toronto Inc Legit?

Quick charity verification for Associates Of The University Of Toronto Inc (EIN: 136142038)

Verdict: Associates Of The University Of Toronto Inc shows mixed signals

65/100Mission Score

$3.4MRevenue

$430KAssets

5Red Flags

4Strengths

Red Flags

Recurring operating deficits in recent years (e.g., 2023, 2022, 2019, 2018, 2016).
Significant and unexplained increase in liabilities in 2022 and 2023 ($2,301,000 and $2,602,000 respectively).
Highly fluctuating asset base, indicating potential financial instability.
Lack of NTEE code, hindering comparative analysis.
0% officer compensation reported, which is unusual for an organization of this size and could indicate compensation is hidden in other expense categories.

Strengths

Consistent filing of IRS Form 990s, demonstrating transparency in reporting.
Historically strong revenue generation, often in the multi-million dollar range.
No reported officer compensation, potentially indicating a commitment to directing funds to mission.
Long operational history with 13 filings available.

Spending Breakdown

How Associates Of The University Of Toronto Inc allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

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 Associates Of The University Of Toronto Inc

Is Associates Of The University Of Toronto Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Associates Of The University Of Toronto Inc (EIN: 136142038) shows mixed signals. Mission Score: 65/100. 5 red flags identified, 4 strengths noted.

Is Associates Of The University Of Toronto Inc a good charity to donate to?

Associates Of The University Of Toronto Inc has a Mission Score of 65/100. Revenue: $3.4M. Assets: $430K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Associates Of The University Of Toronto Inc?

The Employer Identification Number (EIN) for Associates Of The University Of Toronto Inc is 136142038. 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 Associates Of The University Of Toronto Inc spend its money?

Associates Of The University Of Toronto Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Associates Of The University Of Toronto Inc's tax-exempt status?

You can verify Associates Of The University Of Toronto Inc's tax-exempt status using EIN 136142038 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

Associates Of The University Of Toronto Inc demonstrates a fluctuating financial performance over the past decade. While the organization has consistently reported revenues in the millions, expenses have often exceeded revenue, as seen in 2023 ($3,230,167 expenses vs. $2,923,476 revenue) and 2022 ($3,279,927 expenses vs. $2,253,635 revenue). This trend of operating deficits in recent years suggests a need for closer examination of their spending and revenue generation strategies to ensure long-term sustainability. The organization's assets have also shown significant variability, from a high of $3,322,218 in 2017 to a low of $324,008 in 2016, and currently standing at $430,405. This volatility in assets, coupled with recent operating deficits, indicates potential financial instability.

The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 13 filings available. A notable aspect of their financial structure is the reported 0% officer compensation across all available filings, which suggests a volunteer-led or very lean executive structure, potentially indicating a commitment to directing funds towards their mission rather than administrative overhead. However, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency. The lack of NTEE code also makes it difficult to benchmark against similar organizations.

Overall, while the organization exhibits a commitment to transparency through regular filings and a seemingly low executive compensation structure, the recurring operating deficits and fluctuating asset base warrant attention. A deeper dive into the allocation of expenses would be beneficial to understand their spending efficiency and ensure that the majority of funds are indeed directed towards their programmatic goals. The significant liabilities reported in 2023 ($2,602,000) and 2022 ($2,301,000) also raise concerns about their financial health and ability to meet obligations.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.