Is Basil Castrovinci Associates Welfare Fund Legit?
Quick charity verification for Basil Castrovinci Associates Welfare Fund (EIN: 136111622)
Verdict: Basil Castrovinci Associates Welfare Fund appears trustworthy
85/100Mission Score
$389KRevenue
$2.3MAssets
2Red Flags
4Strengths
Red Flags
Lack of detailed expense breakdown in summary data
NTEE Code is unknown, making it difficult to benchmark against similar organizations
Strengths
Consistent asset growth, from $1,400,837 in 2013 to $2,229,323 in 2023
No reported liabilities across all filing periods
No officer compensation reported, indicating efficient executive cost management
Revenue consistently exceeds expenses, demonstrating financial stability (e.g., $594,574 revenue vs. $306,461 expenses in 2023)
Spending Breakdown
How Basil Castrovinci Associates Welfare Fund 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 Basil Castrovinci Associates Welfare Fund
Is Basil Castrovinci Associates Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Basil Castrovinci Associates Welfare Fund (EIN: 136111622) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Basil Castrovinci Associates Welfare Fund a good charity to donate to?
Basil Castrovinci Associates Welfare Fund has a Mission Score of 85/100. Revenue: $389K. Assets: $2.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Basil Castrovinci Associates Welfare Fund?
The Employer Identification Number (EIN) for Basil Castrovinci Associates Welfare Fund is 136111622. 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 Basil Castrovinci Associates Welfare Fund spend its money?
Basil Castrovinci Associates Welfare Fund allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Basil Castrovinci Associates Welfare Fund's tax-exempt status?
You can verify Basil Castrovinci Associates Welfare Fund's tax-exempt status using EIN 136111622 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
Basil Castrovinci Associates Welfare Fund demonstrates consistent financial stability with a healthy asset base and no reported liabilities across all available filings. The organization consistently generates more revenue than expenses, as seen in the 202312 period where revenue was $594,574 against expenses of $306,461, contributing to asset growth. While specific program spending details are not provided in the summary data, the absence of officer compensation indicates a lean operational structure regarding executive pay. The organization's financial health appears robust, with assets steadily increasing over the years, from $1,400,837 in 2013 to $2,229,323 in 2023.
However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, it is challenging to fully assess spending efficiency. The consistent positive net income suggests effective management of resources relative to its operational scope. The lack of reported officer compensation is a positive indicator of financial stewardship and transparency regarding executive pay. Further analysis would require access to the full 990 forms to understand the allocation of expenses and the nature of its welfare fund activities.