Is Buried Asset Management Institute International Incorporated Legit?
Quick charity verification for Buried Asset Management Institute International Incorporated (EIN: 202659476)
Verdict: Buried Asset Management Institute International Incorporated appears trustworthy
90/100Mission Score
$322KRevenue
$123KAssets
2Red Flags
5Strengths
Red Flags
NTEE code 'W99 - All Other' provides limited insight into the organization's specific mission and activities without further detail.
Consistent 0% officer compensation is unusual for an organization of this size and growth, potentially indicating compensation is reported in other categories or that leadership is entirely volunteer, which could raise questions about long-term sustainability of leadership.
Strengths
Consistent and significant revenue growth, from $10,593 in 2014 to $324,510 in 2023, indicating increasing support and impact.
Strong asset accumulation, growing from $999 in 2015 to $105,846 in 2023, demonstrating financial stability.
Minimal to zero liabilities reported in most recent filings, indicating sound financial management and low debt.
Consistent reporting of 0% officer compensation, suggesting a highly efficient and potentially volunteer-driven leadership structure.
Positive net income (revenue exceeding expenses) in most recent years, such as $324,510 revenue vs. $313,173 expenses in 2023, indicating fiscal health.
Spending Breakdown
How Buried Asset Management Institute International Incorporated allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Buried Asset Management Institute International Incorporated
Is Buried Asset Management Institute International Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Buried Asset Management Institute International Incorporated (EIN: 202659476) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
Is Buried Asset Management Institute International Incorporated a good charity to donate to?
Buried Asset Management Institute International Incorporated has a Mission Score of 90/100. Revenue: $322K. Assets: $123K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Buried Asset Management Institute International Incorporated?
The Employer Identification Number (EIN) for Buried Asset Management Institute International Incorporated is 202659476. 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 Buried Asset Management Institute International Incorporated spend its money?
Buried Asset Management Institute International Incorporated allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Buried Asset Management Institute International Incorporated's tax-exempt status?
You can verify Buried Asset Management Institute International Incorporated's tax-exempt status using EIN 202659476 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
Buried Asset Management Institute International Incorporated demonstrates a positive trend in financial growth and stability over the past several years. Revenue has consistently increased, from $10,593 in 2014 to $324,510 in 2023, indicating growing support and operational capacity. The organization has maintained a healthy financial position with assets growing from $999 in 2015 to $105,846 in 2023, and consistently reports zero liabilities in most recent filings, suggesting strong fiscal management and a lack of debt burden. This financial trajectory indicates a well-managed and expanding operation.
The organization appears to be highly efficient in its spending, as evidenced by its consistent ability to generate a surplus, with revenues generally exceeding expenses. For example, in 2023, revenue was $324,510 against expenses of $313,173, resulting in a surplus. The absence of reported officer compensation across all available filings suggests that leadership may be volunteer-based or compensated through other means not categorized as officer compensation, which can contribute to lower administrative overhead and higher program efficiency. This lack of reported compensation also points to a high degree of transparency regarding executive pay, as it is explicitly stated as 0%.
Overall, Buried Asset Management Institute International Incorporated exhibits strong financial health, efficient spending practices, and a high level of transparency regarding executive compensation. The consistent growth in revenue and assets, coupled with minimal liabilities and no reported officer compensation, paints a picture of a fiscally responsible and program-focused organization. The NTEE code W99, which is 'All Other,' suggests a unique or specialized mission, and the financial data supports the organization's capacity to deliver on its objectives.