Quick charity verification for Beaming Incorporated (EIN: 201797140)
Verdict: Beaming Incorporated appears trustworthy
92/100Mission Score
$455KRevenue
$369KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, from $66,347 in 201412 to $440,256 in 202312.
Zero reported officer compensation across all filing periods, indicating high efficiency and dedication of resources to mission.
Healthy asset growth, from $14,639 in 201412 to $369,051 in 202312, demonstrating financial stability.
Positive net income in most recent periods (e.g., $440,256 revenue vs. $367,346 expenses in 202312).
Low liabilities relative to assets, with $7,610 in liabilities against $369,051 in assets in 202312.
Spending Breakdown
How Beaming Incorporated 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 Beaming Incorporated
Is Beaming Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Beaming Incorporated (EIN: 201797140) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Beaming Incorporated a good charity to donate to?
Beaming Incorporated has a Mission Score of 92/100. Revenue: $455K. Assets: $369K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Beaming Incorporated?
The Employer Identification Number (EIN) for Beaming Incorporated is 201797140. 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 Beaming Incorporated spend its money?
Beaming Incorporated allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Beaming Incorporated's tax-exempt status?
You can verify Beaming Incorporated's tax-exempt status using EIN 201797140 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
Beaming Incorporated demonstrates consistent growth in revenue and assets over the past decade, indicating a stable financial trajectory. In the latest filing period (202312), the organization reported revenue of $440,256 against expenses of $367,346, resulting in a surplus that contributes to its growing asset base of $369,051. This financial management suggests a healthy operational capacity and an ability to build reserves.
The organization's spending efficiency appears strong, with a significant portion of its expenses directed towards program services. The absence of officer compensation across all reported periods is a notable indicator of financial prudence and a commitment to directing resources towards its mission rather than executive salaries. This practice enhances the organization's transparency and trustworthiness, as it suggests a volunteer-driven or very lean administrative structure at the leadership level.
Overall, Beaming Incorporated exhibits sound financial health, efficient spending practices, and a high degree of transparency, particularly concerning executive compensation. The consistent growth and responsible management of funds position it as a financially stable and accountable nonprofit.