Is Brooklyn Chinese American Association Inc Legit?
Quick charity verification for Brooklyn Chinese American Association Inc (EIN: 113065859)
Verdict: Brooklyn Chinese American Association Inc appears trustworthy
75/100Mission Score
$23.1MRevenue
$27.9MAssets
2Red Flags
3Strengths
Red Flags
Consistent 0% reported officer compensation for a large organization, potentially obscuring executive pay.
Significant increase in liabilities (from $3.8M to $12.9M) in the most recent fiscal year (2023) without clear explanation in the provided data.
Strengths
Consistent revenue growth over the past decade, indicating strong financial sustainability and donor/grantor confidence.
High proportion of expenses relative to revenue, suggesting active deployment of funds towards its mission.
Substantial growth in assets, from $12.2M in 2014 to $28.5M in 2023, increasing organizational capacity.
Spending Breakdown
How Brooklyn Chinese American Association Inc 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 Brooklyn Chinese American Association Inc
Is Brooklyn Chinese American Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Brooklyn Chinese American Association Inc (EIN: 113065859) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Brooklyn Chinese American Association Inc a good charity to donate to?
Brooklyn Chinese American Association Inc has a Mission Score of 75/100. Revenue: $23.1M. Assets: $27.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Brooklyn Chinese American Association Inc?
The Employer Identification Number (EIN) for Brooklyn Chinese American Association Inc is 113065859. 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 Brooklyn Chinese American Association Inc spend its money?
Brooklyn Chinese American Association Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Brooklyn Chinese American Association Inc's tax-exempt status?
You can verify Brooklyn Chinese American Association Inc's tax-exempt status using EIN 113065859 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 Brooklyn Chinese American Association Inc. demonstrates a generally stable financial trajectory with consistent revenue growth over the past decade, reaching $21.2 million in the 2023 fiscal period. The organization consistently spends nearly all of its revenue on expenses, indicating a high level of activity and deployment of funds towards its mission. For instance, in 2023, expenses were $20.1 million against $21.2 million in revenue. A notable aspect is the reported 0% officer compensation across all available filings, which, while potentially indicating volunteer leadership or compensation being reported under other categories, warrants further investigation for complete transparency regarding executive remuneration practices. The significant increase in liabilities from $3.8 million in 2022 to $12.9 million in 2023, alongside an increase in assets, suggests potential expansion or capital investments that should be clarified for a full understanding of financial health.
The organization's asset base has grown substantially, from $12.2 million in 2014 to $28.5 million in 2023, reflecting a growing capacity. However, the sharp rise in liabilities in the most recent period (2023) to $12.9 million, representing nearly half of its assets, introduces a new financial dynamic that requires scrutiny. While the organization appears efficient in deploying its funds, the lack of reported officer compensation in the filings could be a transparency concern if executive leadership is indeed compensated but not disclosed under that specific line item. Overall, the organization appears financially active and growing, but the recent shift in its liability structure and the compensation reporting warrant closer examination.