Is Caribbean Ministries Association Legit?…

Quick charity verification for Caribbean Ministries Association (EIN: 200709465)

Strengths

Consistent revenue growth over multiple years, indicating increasing support and impact.
Zero reported officer compensation across all filings, suggesting high dedication to mission and efficient use of funds.
Healthy asset growth and low liabilities, demonstrating strong financial management and stability.
Consistent filing of IRS Form 990s over 14 periods, indicating good transparency and compliance.
Positive net income (revenue exceeding expenses) in most recent years, contributing to financial reserves.

Spending Breakdown

How Caribbean Ministries Association allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Caribbean Ministries Association

Is Caribbean Ministries Association a legitimate charity?

Based on AI analysis of IRS 990 filings, Caribbean Ministries Association (EIN: 200709465) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.

Is Caribbean Ministries Association a good charity to donate to?

Caribbean Ministries Association has a Mission Score of 92/100. Revenue: $1.2M. Assets: $507K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Caribbean Ministries Association?

The Employer Identification Number (EIN) for Caribbean Ministries Association is 200709465. 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 Caribbean Ministries Association spend its money?

Caribbean Ministries Association allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Caribbean Ministries Association's tax-exempt status?

You can verify Caribbean Ministries Association's tax-exempt status using EIN 200709465 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

Caribbean Ministries Association demonstrates consistent financial growth over the past several years, with revenue increasing from $575,918 in 2020 to $947,669 in 2023. The organization maintains a healthy financial position, with assets growing from $292,226 in 2020 to $374,157 in 2023, while liabilities remain low, indicating good fiscal management. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards its mission rather than executive salaries.

The organization's spending efficiency appears robust, as evidenced by the close alignment of expenses to revenue, with a consistent surplus in most years, contributing to asset growth. For instance, in 2023, expenses were $925,019 against revenues of $947,669. The absence of reported officer compensation is a significant positive indicator of efficiency and a focus on program delivery. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency across these categories is limited.

Transparency is generally strong due to the consistent filing of IRS Form 990s over 14 periods and the clear reporting of key financial metrics. The consistent 0% officer compensation is a highly transparent and positive aspect. To further enhance transparency, providing a more granular breakdown of expenses beyond total expenses would allow for a deeper understanding of how funds are allocated between programs, administration, and fundraising efforts.

Is Caribbean Ministries Association Legit?

Verdict: Caribbean Ministries Association appears trustworthy

Red Flags