Is Chartered Market Technicians Associated Inc Legit?

Quick charity verification for Chartered Market Technicians Associated Inc (EIN: 132907878)

Verdict: Chartered Market Technicians Associated Inc shows mixed signals

55/100Mission Score

$2.6MRevenue

$544KAssets

4Red Flags

3Strengths

Red Flags

Recurring operating deficits (e.g., $97,182 in 202306, $516,760 in 202006).
Liabilities ($1,066,930 in 202306) exceeding assets ($1,003,079) in the most recent filing.
Significant increase in liabilities from $0 in 201706 to over $1 million in 202306.
Unusual consistent reporting of 0% officer compensation for an organization of this size.

Strengths

Consistent revenue generation above $2 million in most years.
Long history of IRS 990 filings (12 filings), indicating transparency in reporting.
No reported officer compensation, potentially indicating a highly efficient executive structure or volunteer leadership.

Spending Breakdown

How Chartered Market Technicians Associated Inc allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

Admin Costs

Reasonable — admin costs in check

10%

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 Chartered Market Technicians Associated Inc

Is Chartered Market Technicians Associated Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Chartered Market Technicians Associated Inc (EIN: 132907878) shows mixed signals. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.

Is Chartered Market Technicians Associated Inc a good charity to donate to?

Chartered Market Technicians Associated Inc has a Mission Score of 55/100. Revenue: $2.6M. Assets: $544K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Chartered Market Technicians Associated Inc?

The Employer Identification Number (EIN) for Chartered Market Technicians Associated Inc is 132907878. 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 Chartered Market Technicians Associated Inc spend its money?

Chartered Market Technicians Associated Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Chartered Market Technicians Associated Inc's tax-exempt status?

You can verify Chartered Market Technicians Associated Inc's tax-exempt status using EIN 132907878 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

Chartered Market Technicians Associated Inc (CMTA) demonstrates a fluctuating financial performance over the past decade. In the most recent filing (202306), the organization reported expenses exceeding revenue by approximately $97,000 ($3,079,894 in expenses vs. $2,982,712 in revenue), continuing a trend seen in several prior years (e.g., 202006, 201906, 201806). This indicates a pattern of operating at a deficit, which could impact long-term sustainability if not addressed. The organization's assets have also shown variability, peaking around $1.7 million in 201506 and currently standing at $1,003,079 in 202306, while liabilities have increased significantly from zero in earlier years to $1,066,930 in 202306, exceeding current assets. This suggests a reliance on debt or deferred revenue.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise assessment. However, the consistent reporting of 0% officer compensation across all available filings suggests a potential for high efficiency in executive overhead, or that executive compensation is reported under other expense categories. The organization's financial health appears somewhat precarious due to the recurring deficits and increasing liabilities. Transparency is generally good given the availability of multiple years of 990 filings, but a more granular breakdown of expenses would enhance understanding of their operational efficiency.

Overall, CMTA exhibits a pattern of spending slightly more than it earns in many periods, leading to a build-up of liabilities. While the lack of reported officer compensation is notable, a deeper dive into their functional expense allocation is needed to fully assess spending efficiency. The organization's financial stability warrants close monitoring given the recent trends in revenue, expenses, and liabilities.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.