Is Brunswick County Home Builders Association Inc Legit?
Quick charity verification for Brunswick County Home Builders Association Inc (EIN: 10599665)
Verdict: Brunswick County Home Builders Association Inc appears trustworthy
85/100Mission Score
$303KRevenue
$420KAssets
1Red Flags
4Strengths
Red Flags
Slight deficit in the latest fiscal period (202312) where expenses ($201,951) exceeded revenue ($197,605).
Strengths
Consistent asset growth over the past decade, from $269,401 in 2014 to $457,989 in 2023.
Zero reported officer compensation across all filings, indicating efficient use of funds.
Low liabilities, consistently under $7,000 for most periods, demonstrating strong financial management.
Revenues generally exceeding expenses in most fiscal periods, contributing to financial stability.
Spending Breakdown
How Brunswick County Home Builders Association Inc 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 Brunswick County Home Builders Association Inc
Is Brunswick County Home Builders Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Brunswick County Home Builders Association Inc (EIN: 10599665) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Brunswick County Home Builders Association Inc a good charity to donate to?
Brunswick County Home Builders Association Inc has a Mission Score of 85/100. Revenue: $303K. Assets: $420K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Brunswick County Home Builders Association Inc?
The Employer Identification Number (EIN) for Brunswick County Home Builders Association Inc is 10599665. 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 Brunswick County Home Builders Association Inc spend its money?
Brunswick County Home Builders Association Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Brunswick County Home Builders Association Inc's tax-exempt status?
You can verify Brunswick County Home Builders Association Inc's tax-exempt status using EIN 10599665 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 Brunswick County Home Builders Association Inc demonstrates consistent financial operations over the past decade, with revenues generally exceeding expenses, contributing to a steady growth in assets. For instance, in 2022, revenue was $208,016 against expenses of $182,782, leading to an increase in assets to $462,027. While the latest filing for 2023 shows a slight deficit with expenses ($201,951) exceeding revenue ($197,605), this appears to be an anomaly rather than a trend, and the organization maintains a healthy asset base of $457,989.
The organization's financial health is further bolstered by its low liabilities, consistently remaining under $7,000 for most of the reported periods, indicating strong fiscal management and minimal debt burden. The absence of officer compensation reported across all filings suggests a volunteer-driven leadership structure, which can contribute to lower administrative costs and a higher proportion of funds potentially directed towards programs. This structure also enhances transparency by clearly showing that no funds are allocated to executive salaries.
Overall, the Brunswick County Home Builders Association Inc appears to be a financially stable and efficiently managed organization. Its consistent asset growth, low liabilities, and lack of reported officer compensation point to a prudent approach to financial stewardship. The slight dip in net assets in the latest year warrants monitoring but does not indicate a significant financial distress given the overall historical performance and strong asset base.