Is Association For Iron And Steel Technology Legit?
Quick charity verification for Association For Iron And Steel Technology (EIN: 200338690)
Verdict: Association For Iron And Steel Technology appears trustworthy
85/100Mission Score
$16.8MRevenue
$35.1MAssets
1Red Flags
4Strengths
Red Flags
Expenses slightly exceeded revenue in 2023 ($12,624,316 vs $12,313,373), which if consistent, could lead to drawing down reserves.
Strengths
Consistent asset growth, reaching $29,350,070 in 2023.
Reported 0% officer compensation across all filings, indicating high transparency and efficient use of funds.
Strong recovery in revenue post-2020, reaching $12,313,373 in 2023.
Healthy asset-to-liability ratio, with assets significantly exceeding liabilities.
Spending Breakdown
How Association For Iron And Steel Technology allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Association For Iron And Steel Technology
Is Association For Iron And Steel Technology a legitimate charity?
Based on AI analysis of IRS 990 filings, Association For Iron And Steel Technology (EIN: 200338690) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Association For Iron And Steel Technology a good charity to donate to?
Association For Iron And Steel Technology has a Mission Score of 85/100. Revenue: $16.8M. Assets: $35.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Association For Iron And Steel Technology?
The Employer Identification Number (EIN) for Association For Iron And Steel Technology is 200338690. 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 Association For Iron And Steel Technology spend its money?
Association For Iron And Steel Technology allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Association For Iron And Steel Technology's tax-exempt status?
You can verify Association For Iron And Steel Technology's tax-exempt status using EIN 200338690 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 Association For Iron And Steel Technology demonstrates generally stable financial health, with assets consistently growing over the past decade, reaching $29,350,070 in 2023. While revenue has fluctuated, it has shown a positive trend, with the latest reported revenue at $12,313,373. The organization's spending efficiency appears reasonable, with expenses generally aligning with or slightly exceeding revenue in some years, such as 2023 where expenses ($12,624,316) slightly surpassed revenue ($12,313,373). This indicates a commitment to utilizing funds for operations, though consistent deficits could be a concern if not managed. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay, indicating that top officers are not directly compensated through the organization's funds, which is a strong positive for donor confidence.