Is Audio Engineering Society Inc Legit? —…

Quick charity verification for Audio Engineering Society Inc (EIN: 135603831)

Strengths

Consistent revenue growth, with revenue increasing from $1,712,667 in 2021 to $3,238,587 in 2023.
Significant asset accumulation, growing from $664,121 in 2019 to $2,477,468 in 2023.
Positive net income in recent years, such as a surplus of $386,885 in 2023 ($3,238,587 revenue - $2,851,702 expenses).
Long history of IRS 990 filings (14 filings), indicating transparency and compliance.
Strong financial position with assets significantly exceeding liabilities in recent years.

Spending Breakdown

How Audio Engineering Society Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

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 Audio Engineering Society Inc

Is Audio Engineering Society Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Audio Engineering Society Inc (EIN: 135603831) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.

Is Audio Engineering Society Inc a good charity to donate to?

Audio Engineering Society Inc has a Mission Score of 85/100. Revenue: $2.7M. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Audio Engineering Society Inc?

The Employer Identification Number (EIN) for Audio Engineering Society Inc is 135603831. 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 Audio Engineering Society Inc spend its money?

Audio Engineering Society Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Audio Engineering Society Inc's tax-exempt status?

You can verify Audio Engineering Society Inc's tax-exempt status using EIN 135603831 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 Audio Engineering Society Inc. demonstrates generally sound financial health, with recent filings showing consistent revenue growth and positive net assets. In 2023, revenue was $3,238,587 against expenses of $2,851,702, resulting in a surplus. The organization has also significantly grown its assets from $664,121 in 2019 to $2,477,468 in 2023, indicating effective financial management and accumulation of reserves. Liabilities have also increased, but at a slower rate than assets, improving the overall financial position.

Spending efficiency appears reasonable, though specific program spending ratios are not detailed in the provided data. However, the consistent surpluses suggest that expenses are well-managed relative to income. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 14 filings available, and the explicit reporting of 0% officer compensation across all periods, which is a strong indicator of volunteer leadership or compensation being covered by other means not classified as officer compensation.

Overall, the Audio Engineering Society Inc. appears to be a financially stable organization with a positive trend in asset growth and a commitment to transparency through its public filings. The lack of reported officer compensation is a notable positive for a nonprofit of its size, suggesting resources are directed towards its mission rather than executive salaries.

Is Audio Engineering Society Inc Legit?

Verdict: Audio Engineering Society Inc appears trustworthy

Red Flags