Is Chua Family Charitable Found In Memory Chua Koan & Chang Su Cheng Legit?
Quick charity verification for Chua Family Charitable Found In Memory Chua Koan & Chang Su Cheng (EIN: 201961263)
Verdict: Chua Family Charitable Found In Memory Chua Koan & Chang Su Cheng appears trustworthy
92/100Mission Score
$1.1MRevenue
$3.0MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, reaching $2,276,665 in 2023.
Zero reported officer compensation across all filings, indicating high efficiency.
Long history of IRS 990 filings (10 filings), demonstrating transparency.
Expenses consistently lower than revenue, contributing to financial stability and growth.
Low liabilities relative to assets, with liabilities at $70,004 against assets of $2,276,665 in 2023.
Spending Breakdown
How Chua Family Charitable Found In Memory Chua Koan & Chang Su Cheng 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 Chua Family Charitable Found In Memory Chua Koan & Chang Su Cheng
Is Chua Family Charitable Found In Memory Chua Koan & Chang Su Cheng a legitimate charity?
Based on AI analysis of IRS 990 filings, Chua Family Charitable Found In Memory Chua Koan & Chang Su Cheng (EIN: 201961263) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Chua Family Charitable Found In Memory Chua Koan & Chang Su Cheng a good charity to donate to?
Chua Family Charitable Found In Memory Chua Koan & Chang Su Cheng has a Mission Score of 92/100. Revenue: $1.1M. Assets: $3.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Chua Family Charitable Found In Memory Chua Koan & Chang Su Cheng?
The Employer Identification Number (EIN) for Chua Family Charitable Found In Memory Chua Koan & Chang Su Cheng is 201961263. 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 Chua Family Charitable Found In Memory Chua Koan & Chang Su Cheng spend its money?
Chua Family Charitable Found In Memory Chua Koan & Chang Su Cheng allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Chua Family Charitable Found In Memory Chua Koan & Chang Su Cheng's tax-exempt status?
You can verify Chua Family Charitable Found In Memory Chua Koan & Chang Su Cheng's tax-exempt status using EIN 201961263 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 Chua Family Charitable Found In Memory Chua Koan & Chang Su Cheng demonstrates a generally healthy financial position, with assets consistently growing over the past decade, reaching $2,276,665 in 2023. The organization's revenue has fluctuated, with a notable high of $1,127,389 in its latest reported period, but also periods of lower income like $99,945 in 2022. Expense management appears efficient, with expenses often significantly lower than revenue, indicating a focus on building endowment or future program capacity rather than immediate high spending. For instance, in 2023, expenses were $109,869 against $440,906 in revenue.
The organization's spending efficiency is strong, particularly given the consistent reporting of 0% officer compensation across all filings, suggesting that administrative costs are kept very low, or that leadership is entirely volunteer-based. This contributes to a high proportion of funds being available for programmatic activities or asset growth. The consistent filing of IRS Form 990s over a long period (10 filings) indicates a commitment to transparency and regulatory compliance, providing a clear financial history for public review.