Is Belmont Arthur Avenue Local Development Corporation Legit?
Quick charity verification for Belmont Arthur Avenue Local Development Corporation (EIN: 133020589)
Verdict: Belmont Arthur Avenue Local Development Corporation appears trustworthy
90/100Mission Score
$1.9MRevenue
$6.5MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent asset growth, from $1,645,000 in 2014 to $6,851,674 in 2023, indicating strong financial management.
Zero reported officer compensation across all 13 filings, demonstrating a strong commitment to mission-focused spending.
Healthy solvency with liabilities consistently low relative to assets (e.g., $318,582 liabilities vs. $6,851,674 assets in 2023).
Long history of IRS 990 filings (13 filings), suggesting transparency and consistent reporting.
Spending Breakdown
How Belmont Arthur Avenue Local Development Corporation 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 Belmont Arthur Avenue Local Development Corporation
Is Belmont Arthur Avenue Local Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Belmont Arthur Avenue Local Development Corporation (EIN: 133020589) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
Is Belmont Arthur Avenue Local Development Corporation a good charity to donate to?
Belmont Arthur Avenue Local Development Corporation has a Mission Score of 90/100. Revenue: $1.9M. Assets: $6.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Belmont Arthur Avenue Local Development Corporation?
The Employer Identification Number (EIN) for Belmont Arthur Avenue Local Development Corporation is 133020589. 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 Belmont Arthur Avenue Local Development Corporation spend its money?
Belmont Arthur Avenue Local Development Corporation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Belmont Arthur Avenue Local Development Corporation's tax-exempt status?
You can verify Belmont Arthur Avenue Local Development Corporation's tax-exempt status using EIN 133020589 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
Belmont Arthur Avenue Local Development Corporation demonstrates consistent financial activity, with revenues generally exceeding expenses in most recent periods, contributing to a steady growth in assets from $1,645,000 in 2014 to $6,851,674 in 2023. The organization's financial health appears stable, maintaining a healthy asset base relative to its liabilities. For instance, in 2023, assets were $6,851,674 against liabilities of $318,582, indicating strong solvency. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to directing funds towards its mission rather than executive salaries, which is a positive indicator of spending efficiency and transparency. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial trends suggest a well-managed organization.