Is Association Of Ship Brokers & Agents Usa Inc Legit?
Quick charity verification for Association Of Ship Brokers & Agents Usa Inc (EIN: 136162014)
Verdict: Association Of Ship Brokers & Agents Usa Inc appears trustworthy
88/100Mission Score
$2.0MRevenue
$2.3MAssets
2Red Flags
5Strengths
Red Flags
Lack of detailed breakdown for program vs. administrative expenses in provided data, making precise efficiency calculation difficult.
The 'Officer Comp=0%' across all filings could indicate compensation is reported under other categories, or that leadership is entirely volunteer, which is unusual for an organization of this size.
Strengths
Consistent revenue growth over a decade, from $870,912 in 2014 to $1,371,532 in 2023.
Healthy financial surpluses in most years, contributing to asset growth.
Zero reported liabilities across all filings, indicating strong financial health.
Significant asset growth from $644,703 in 2014 to $1,495,001 in 2023.
No reported officer compensation, suggesting low administrative overhead or volunteer leadership.
Spending Breakdown
How Association Of Ship Brokers & Agents Usa Inc 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 Association Of Ship Brokers & Agents Usa Inc
Is Association Of Ship Brokers & Agents Usa Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Association Of Ship Brokers & Agents Usa Inc (EIN: 136162014) appears trustworthy. Mission Score: 88/100. 2 red flags identified, 5 strengths noted.
Is Association Of Ship Brokers & Agents Usa Inc a good charity to donate to?
Association Of Ship Brokers & Agents Usa Inc has a Mission Score of 88/100. Revenue: $2.0M. Assets: $2.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Association Of Ship Brokers & Agents Usa Inc?
The Employer Identification Number (EIN) for Association Of Ship Brokers & Agents Usa Inc is 136162014. 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 Of Ship Brokers & Agents Usa Inc spend its money?
Association Of Ship Brokers & Agents Usa Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Association Of Ship Brokers & Agents Usa Inc's tax-exempt status?
You can verify Association Of Ship Brokers & Agents Usa Inc's tax-exempt status using EIN 136162014 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 Of Ship Brokers & Agents Usa Inc demonstrates consistent financial growth and stability over the past decade. Revenue has shown a significant upward trend, from $870,912 in 2014 to $1,371,532 in 2023, with a notable peak in the latest reported revenue of $2,045,418. The organization consistently operates with a surplus, as evidenced by expenses generally being lower than revenue across all reported periods, contributing to a healthy accumulation of assets, which grew from $644,703 in 2014 to $1,495,001 in 2023. The absence of reported liabilities across all filings indicates a strong balance sheet and sound financial management.
Spending efficiency appears robust, with the organization consistently managing its expenses below its income. The lack of reported officer compensation across all filings suggests that executive leadership may be volunteer-based or compensated through other means not categorized as officer compensation, which can contribute to lower administrative overhead. This structure, combined with a clear financial trajectory, points to a well-managed and financially prudent organization. The consistent filing of IRS Form 990s over 13 periods also indicates a commitment to transparency.