Is Correction Officers Benevolent Association Security Benefits Legit?
Quick charity verification for Correction Officers Benevolent Association Security Benefits (EIN: 136163565)
Verdict: Correction Officers Benevolent Association Security Benefits shows mixed signals
65/100Mission Score
$10.7MRevenue
$12.4MAssets
3Red Flags
3Strengths
Red Flags
Expenses exceeding revenue in recent years (e.g., 2022: $17.0M expenses vs. $15.5M revenue)
Consistent 0% officer compensation reported, which is unusual for an organization of this size and could indicate reporting discrepancies or alternative compensation structures.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data, limiting transparency assessment.
Strengths
Strong and growing asset base, reaching $20.8 million in 2022.
Consistent filing history of IRS Form 990s (12 filings), indicating compliance.
Significant revenue generation over a decade, consistently in the multi-millions.
Spending Breakdown
How Correction Officers Benevolent Association Security Benefits 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 Correction Officers Benevolent Association Security Benefits
Is Correction Officers Benevolent Association Security Benefits a legitimate charity?
Based on AI analysis of IRS 990 filings, Correction Officers Benevolent Association Security Benefits (EIN: 136163565) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Correction Officers Benevolent Association Security Benefits a good charity to donate to?
Correction Officers Benevolent Association Security Benefits has a Mission Score of 65/100. Revenue: $10.7M. Assets: $12.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Correction Officers Benevolent Association Security Benefits?
The Employer Identification Number (EIN) for Correction Officers Benevolent Association Security Benefits is 136163565. 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 Correction Officers Benevolent Association Security Benefits spend its money?
Correction Officers Benevolent Association Security Benefits allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Correction Officers Benevolent Association Security Benefits's tax-exempt status?
You can verify Correction Officers Benevolent Association Security Benefits's tax-exempt status using EIN 136163565 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
Correction Officers Benevolent Association Security Benefits has demonstrated consistent financial activity over the past decade, with annual revenues generally ranging from $16 million to $23 million. The organization's assets have grown significantly, from $14.1 million in 2013 to $20.8 million in 2022, indicating a healthy accumulation of resources. However, recent filings show a trend of expenses exceeding revenue, with 2022 expenses at $17,081,688 against revenues of $15,526,791, and similar deficits in 2021 and 2016. This pattern, if sustained, could impact long-term financial stability despite current asset levels.
The organization's spending efficiency cannot be fully assessed without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. The consistent reporting of 0% officer compensation across all available filings suggests either that executive compensation is not reported under this category, or that it is exceptionally low, which could be a positive indicator of resource allocation if true. However, without further detail, it's difficult to ascertain the true efficiency of operational spending.
Transparency is moderate based on the provided data. The consistent filing of IRS Form 990s over a long period (12 filings) is a positive sign of compliance. However, the lack of specific NTEE code and detailed expense breakdowns limits a comprehensive understanding of the organization's activities and financial health. Further transparency regarding the allocation of expenses would greatly enhance the ability to evaluate its financial practices.