Is Association Of Small Business Development Centers Legit?

Quick charity verification for Association Of Small Business Development Centers (EIN: 10365191)

Verdict: Association Of Small Business Development Centers appears trustworthy

75/100Mission Score

$13.7MRevenue

$13.1MAssets

3Red Flags

3Strengths

Red Flags

Significant decline in revenue from $9,990,521 in 2021 to $3,625,572 in 2023.
Consistent trend of expenses slightly exceeding revenue in recent years (e.g., $3,650,334 expenses vs. $3,625,572 revenue in 2023), indicating tight operational margins.
Unusually low reported officer compensation (0%) for an organization with multi-million dollar revenues, which may require further clarification on executive remuneration practices.

Strengths

Relatively low liabilities compared to assets (e.g., $119,237 liabilities vs. $2,555,179 assets in 2023), indicating good financial solvency.
History of consistent filings (13 filings), suggesting good compliance and transparency in reporting.
Assets have remained substantial despite revenue fluctuations, providing some financial cushion (e.g., $2,555,179 in assets in 2023).

Spending Breakdown

How Association Of Small Business Development Centers allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Small Business Development Centers

Is Association Of Small Business Development Centers a legitimate charity?

Based on AI analysis of IRS 990 filings, Association Of Small Business Development Centers (EIN: 10365191) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.

Is Association Of Small Business Development Centers a good charity to donate to?

Association Of Small Business Development Centers has a Mission Score of 75/100. Revenue: $13.7M. Assets: $13.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Association Of Small Business Development Centers?

The Employer Identification Number (EIN) for Association Of Small Business Development Centers is 10365191. 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 Small Business Development Centers spend its money?

Association Of Small Business Development Centers allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Association Of Small Business Development Centers's tax-exempt status?

You can verify Association Of Small Business Development Centers's tax-exempt status using EIN 10365191 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 Small Business Development Centers demonstrates a fluctuating financial landscape over the past decade. While the organization reported a latest revenue of $13,705,087 and assets of $13,059,085, a closer look at recent filings shows a significant decrease in revenue from a peak of $9,990,521 in 2021 to $3,625,572 in 2023. Expenses have consistently been close to or slightly exceeding revenue in most recent years, such as $3,650,334 in expenses against $3,625,572 in revenue in 2023, indicating tight operational margins. The organization's assets have also seen a decline from $3,459,287 in 2020 to $2,555,179 in 2023, though liabilities remain relatively low, suggesting good financial management in that area.

Spending efficiency is difficult to fully assess without a detailed functional expense breakdown (program, administrative, fundraising) from the provided data. However, the consistent trend of expenses closely matching or slightly surpassing revenue suggests that the organization is spending nearly all its income on its operations. The absence of reported officer compensation across all provided filings is a notable point, potentially indicating a volunteer-led executive structure or that compensation is reported under other categories not specified here, which could impact transparency if not clearly disclosed elsewhere. 

Overall, the organization appears to be operating with a lean budget, often spending what it brings in. Its transparency regarding executive compensation, based solely on the provided data, appears high with 0% reported, but a full picture would require more detailed functional expense data to evaluate program efficiency accurately.

View Full Transparency Report →

Disclaimer

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