Quick charity verification for Business Outreach Center Network Inc (EIN: 113306111)
Verdict: Business Outreach Center Network Inc appears trustworthy
92/100Mission Score
$4.8MRevenue
$4.5MAssets
1Red Flags
5Strengths
Red Flags
Zero reported officer compensation for a multi-million dollar organization, which is highly unusual and could indicate compensation is paid by a related entity or not fully disclosed in this section.
Strengths
Consistent financial health with stable revenues and positive net assets.
Remarkable transparency in reporting zero officer compensation, suggesting high dedication of funds to mission.
Steady growth in assets over the past decade, indicating strong financial management and capacity building.
Expenses consistently managed close to revenue, demonstrating efficient operational control.
Long filing history (13 filings) shows sustained operation and compliance.
Spending Breakdown
How Business Outreach Center Network Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Business Outreach Center Network Inc
Is Business Outreach Center Network Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Business Outreach Center Network Inc (EIN: 113306111) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Business Outreach Center Network Inc a good charity to donate to?
Business Outreach Center Network Inc has a Mission Score of 92/100. Revenue: $4.8M. Assets: $4.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Business Outreach Center Network Inc?
The Employer Identification Number (EIN) for Business Outreach Center Network Inc is 113306111. 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 Business Outreach Center Network Inc spend its money?
Business Outreach Center Network Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Business Outreach Center Network Inc's tax-exempt status?
You can verify Business Outreach Center Network Inc's tax-exempt status using EIN 113306111 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 Business Outreach Center Network Inc. (BOCNET) demonstrates consistent financial health with stable revenue streams and positive net assets over the past decade. In the latest filing (202306), the organization reported revenues of $3,858,980 against expenses of $3,856,012, indicating a near break-even operation which is common for well-managed nonprofits. Their assets have grown steadily, reaching $4,156,439 in 2023, reflecting good financial stewardship and capacity building.
BOCNET's spending efficiency appears strong, as evidenced by their consistent ability to manage expenses close to revenue levels without significant deficits. The absence of reported officer compensation across all available filings suggests a high degree of financial transparency and a focus on directing resources towards programmatic activities rather than executive salaries. This practice is a significant positive indicator for donor confidence and mission alignment.
The organization's financial stability, coupled with its transparent reporting of zero officer compensation, positions it as a financially sound and accountable nonprofit. The consistent growth in assets and careful management of liabilities (e.g., $1,155,638 in 2023) further underscore its robust financial management practices, allowing it to sustain its mission effectively.