Is Chinese American Hematologist And Oncologist Network Inc Legit?
Quick charity verification for Chinese American Hematologist And Oncologist Network Inc (EIN: 203662275)
Verdict: Chinese American Hematologist And Oncologist Network Inc appears trustworthy
92/100Mission Score
$878KRevenue
$1.6MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent and significant revenue growth, from $98,496 in 2014 to $824,924 in 2023.
Strong asset accumulation, growing from $86,722 in 2014 to $1,290,651 in 2023.
0% officer compensation reported across all filings, indicating high efficiency and volunteer leadership.
Healthy financial reserves with assets significantly exceeding liabilities (e.g., $1,290,651 assets vs. $113,576 liabilities in 2023).
Positive net income in most years, demonstrating financial sustainability (e.g., 2023 revenue $824,924 vs. expenses $580,572).
Spending Breakdown
How Chinese American Hematologist And Oncologist 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 Chinese American Hematologist And Oncologist Network Inc
Is Chinese American Hematologist And Oncologist Network Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Chinese American Hematologist And Oncologist Network Inc (EIN: 203662275) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Chinese American Hematologist And Oncologist Network Inc a good charity to donate to?
Chinese American Hematologist And Oncologist Network Inc has a Mission Score of 92/100. Revenue: $878K. Assets: $1.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Chinese American Hematologist And Oncologist Network Inc?
The Employer Identification Number (EIN) for Chinese American Hematologist And Oncologist Network Inc is 203662275. 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 Chinese American Hematologist And Oncologist Network Inc spend its money?
Chinese American Hematologist And Oncologist Network Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Chinese American Hematologist And Oncologist Network Inc's tax-exempt status?
You can verify Chinese American Hematologist And Oncologist Network Inc's tax-exempt status using EIN 203662275 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 Chinese American Hematologist And Oncologist Network Inc (CAHON) demonstrates a strong financial trajectory, with its latest reported revenue at $877,556 and assets growing to $1,568,088. Over the past decade, the organization has shown consistent growth in both revenue and assets, indicating effective financial management and increasing capacity. For instance, revenue surged from $98,496 in 2014 to $824,924 in 2023, and assets grew from $86,722 to $1,290,651 in the same period. This growth suggests a healthy and expanding operation. The organization consistently reports 0% officer compensation, which is a significant indicator of its commitment to directing resources towards its mission rather than executive salaries. This practice enhances its financial efficiency and transparency. The organization's liabilities have fluctuated but remain manageable relative to its assets, with the latest reported liabilities at $113,576 against $1,290,651 in assets for 2023, indicating a solid financial position.