Quick charity verification for Atlas For Life Ltd (EIN: 201813304)
Verdict: Atlas For Life Ltd appears trustworthy
85/100Mission Score
$299KRevenue
$679KAssets
2Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in the last two reporting periods (2022 and 2023), which could impact long-term sustainability if not reversed.
NTEE Code is unknown, making it difficult to benchmark financial performance against similar organizations.
Strengths
Consistent asset growth over the past decade, from $232,104 in 2014 to $654,495 in 2023.
Zero reported officer compensation across all filings, indicating a strong commitment to minimizing administrative overhead at the executive level.
Extremely low liabilities across all reporting periods, demonstrating strong financial health and low debt risk.
Generally positive net income in most years, contributing to robust asset accumulation.
Spending Breakdown
How Atlas For Life Ltd 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 Atlas For Life Ltd
Is Atlas For Life Ltd a legitimate charity?
Based on AI analysis of IRS 990 filings, Atlas For Life Ltd (EIN: 201813304) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Atlas For Life Ltd a good charity to donate to?
Atlas For Life Ltd has a Mission Score of 85/100. Revenue: $299K. Assets: $679K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Atlas For Life Ltd?
The Employer Identification Number (EIN) for Atlas For Life Ltd is 201813304. 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 Atlas For Life Ltd spend its money?
Atlas For Life Ltd allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Atlas For Life Ltd's tax-exempt status?
You can verify Atlas For Life Ltd's tax-exempt status using EIN 201813304 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
Atlas For Life Ltd demonstrates a consistent financial position with growing assets over the past decade, reaching $654,495 in 2023. The organization has maintained a healthy balance sheet with negligible liabilities, indicating strong financial management and low debt risk. While revenue has fluctuated, it generally exceeds expenses in most years, contributing to asset growth. For instance, in 2021, revenue was $248,283 against expenses of $144,699, showing a significant surplus. However, the most recent two periods (2022 and 2023) show expenses slightly exceeding revenue, with 2023 expenses at $165,808 against $161,387 in revenue, and 2022 expenses at $180,553 against $138,787 in revenue. This trend warrants monitoring to ensure long-term sustainability.
The organization's transparency is commendable regarding executive compensation, as all filings indicate 0% officer compensation. This suggests that the organization is either entirely volunteer-run at the executive level or compensates its leadership through other means not classified as officer compensation on the 990, which would require further investigation for full clarity. The consistent asset growth without significant liabilities points to prudent financial stewardship. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is challenging. The NTEE code being unknown also limits the ability to benchmark against similar organizations.
Overall, Atlas For Life Ltd appears to be a financially stable organization with a strong asset base and a commitment to minimizing executive compensation. The recent trend of expenses slightly outpacing revenue needs attention, but the overall financial health remains robust due to accumulated assets. Greater detail on expense allocation would enhance transparency and allow for a more thorough evaluation of spending efficiency.