Is Coalition Of Asian Americanbusiness Organization Legit?
Quick charity verification for Coalition Of Asian Americanbusiness Organization (EIN: 205123321)
Verdict: Coalition Of Asian Americanbusiness Organization appears trustworthy
70/100Mission Score
$9KRevenue
$33KAssets
3Red Flags
4Strengths
Red Flags
Highly inconsistent revenue and expense figures across years, indicating potential instability (e.g., $358,500 revenue in 201312 vs. $0 in 201612).
Significant deficits in multiple years where expenses exceeded revenue (e.g., 201312: $381,403 expenses vs. $358,500 revenue; 201412: $264,850 expenses vs. $247,447 revenue).
Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided data, hindering a full assessment of spending efficiency.
Strengths
Consistent reporting of 0% officer compensation, suggesting resources are not used for executive salaries.
Zero liabilities reported across all 10 filings, indicating a debt-free financial position.
Positive net income in the latest filing period (202312) with revenue of $49,000 exceeding expenses of $31,626.
Long filing history (10 filings) provides a comprehensive view of financial trends.
Spending Breakdown
How Coalition Of Asian Americanbusiness Organization 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 Coalition Of Asian Americanbusiness Organization
Is Coalition Of Asian Americanbusiness Organization a legitimate charity?
Based on AI analysis of IRS 990 filings, Coalition Of Asian Americanbusiness Organization (EIN: 205123321) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 4 strengths noted.
Is Coalition Of Asian Americanbusiness Organization a good charity to donate to?
Coalition Of Asian Americanbusiness Organization has a Mission Score of 70/100. Revenue: $9K. Assets: $33K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Coalition Of Asian Americanbusiness Organization?
The Employer Identification Number (EIN) for Coalition Of Asian Americanbusiness Organization is 205123321. 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 Coalition Of Asian Americanbusiness Organization spend its money?
Coalition Of Asian Americanbusiness Organization allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Coalition Of Asian Americanbusiness Organization's tax-exempt status?
You can verify Coalition Of Asian Americanbusiness Organization's tax-exempt status using EIN 205123321 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 Coalition Of Asian Americanbusiness Organization demonstrates inconsistent financial performance over its filing history. While the latest period (202312) shows a positive net income with revenue of $49,000 exceeding expenses of $31,626, earlier periods like 201312 and 201412 reported significant deficits, with expenses exceeding revenue by over $20,000. The organization's assets have fluctuated, reaching a high of $66,895 in 201212 and currently standing at $53,649, indicating some financial stability but also periods of asset decline. The consistent reporting of zero liabilities across all filings is a positive indicator of financial health, suggesting the organization is not burdened by debt.
Spending efficiency is difficult to fully assess without a detailed functional expense breakdown (program, administrative, fundraising) which is not provided in the summary data. However, the organization consistently reports 0% officer compensation, which suggests resources are not being diverted to high executive salaries. The significant swings in revenue and expenses over the years, from $0 revenue in 201612 to $358,500 in 201312, point to potential challenges in consistent fundraising or program delivery, making long-term financial planning and operational efficiency harder to maintain.
Transparency is generally good given the availability of 10 years of filing data. The consistent reporting of key financial metrics like revenue, expenses, assets, liabilities, and officer compensation allows for a basic level of financial scrutiny. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a complete picture of how efficiently funds are being utilized towards its mission remains somewhat opaque. The absence of liabilities is a strong positive for transparency regarding financial obligations.