Quick charity verification for Boc Capital Corp (EIN: 113596666)
Verdict: Boc Capital Corp appears trustworthy
75/100Mission Score
$5.3MRevenue
$34.2MAssets
2Red Flags
3Strengths
Red Flags
No reported officer compensation across all filings, which is unusual for an organization of this scale and could indicate a lack of transparency in executive compensation reporting.
Significant fluctuations in revenue and liabilities without further context could indicate reliance on volatile funding sources or complex financial instruments.
Strengths
Consistent revenue surplus, with expenses always lower than revenue, indicating financial stability and good management.
Strong asset base, consistently exceeding liabilities, demonstrating a healthy balance sheet (e.g., $34.2 million in assets vs. $19.6 million in liabilities in 2022).
Growth in assets over the long term, from $5.09 million in 2014 to $34.23 million currently, indicating successful capital accumulation.
Spending Breakdown
How Boc Capital Corp 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 Boc Capital Corp
Is Boc Capital Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Boc Capital Corp (EIN: 113596666) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Boc Capital Corp a good charity to donate to?
Boc Capital Corp has a Mission Score of 75/100. Revenue: $5.3M. Assets: $34.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Boc Capital Corp?
The Employer Identification Number (EIN) for Boc Capital Corp is 113596666. 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 Boc Capital Corp spend its money?
Boc Capital Corp allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Boc Capital Corp's tax-exempt status?
You can verify Boc Capital Corp's tax-exempt status using EIN 113596666 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
Boc Capital Corp demonstrates a generally healthy financial position, with assets consistently exceeding liabilities across all reported periods. The organization's revenue has shown significant fluctuation, peaking at over $9 million in 2021 before moderating to $5.1 million in 2023. This volatility, while not inherently negative for a lending-focused organization, warrants attention. Spending efficiency appears strong, with expenses consistently lower than revenue, indicating a surplus that can be reinvested or used to build reserves. For instance, in 2023, expenses were $3.48 million against $5.1 million in revenue. The absence of reported officer compensation across all filings suggests either a volunteer-led executive team or compensation being reported under other expense categories, which could impact transparency if not clearly disclosed elsewhere. Further details on program, administrative, and fundraising expenses would be needed for a complete assessment of spending efficiency and program focus.