Quick charity verification for Council Of Insurance Agents & Brokers (EIN: 131952497)
Verdict: Council Of Insurance Agents & Brokers appears trustworthy
75/100Mission Score
$40.9MRevenue
$54.9MAssets
1Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported, which is atypical for an organization of this scale and warrants further investigation into the full 990 to understand executive remuneration practices.
Strengths
Strong financial growth with revenue increasing from $12,004,431 in 2014 to $27,285,841 in 2023.
Significant asset accumulation, with assets growing from $9,294,623 in 2014 to $55,204,420 in 2023.
Healthy asset-to-liability ratio, with assets of $55,204,420 significantly exceeding liabilities of $28,790,930 in 2023.
Spending Breakdown
How Council Of Insurance Agents & Brokers 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 Council Of Insurance Agents & Brokers
Is Council Of Insurance Agents & Brokers a legitimate charity?
Based on AI analysis of IRS 990 filings, Council Of Insurance Agents & Brokers (EIN: 131952497) appears trustworthy. Mission Score: 75/100. 1 red flag identified, 4 strengths noted.
Is Council Of Insurance Agents & Brokers a good charity to donate to?
Council Of Insurance Agents & Brokers has a Mission Score of 75/100. Revenue: $40.9M. Assets: $54.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Council Of Insurance Agents & Brokers?
The Employer Identification Number (EIN) for Council Of Insurance Agents & Brokers is 131952497. 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 Council Of Insurance Agents & Brokers spend its money?
Council Of Insurance Agents & Brokers allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Council Of Insurance Agents & Brokers's tax-exempt status?
You can verify Council Of Insurance Agents & Brokers's tax-exempt status using EIN 131952497 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 Council Of Insurance Agents & Brokers demonstrates a strong and consistent financial growth trajectory, with revenue increasing from $12,004,431 in 2014 to $27,285,841 in 2023. The organization consistently operates with a surplus, as seen in 2023 where revenue of $27,285,841 exceeded expenses of $23,440,813, indicating sound financial management. Asset growth has also been substantial, rising from $9,294,623 in 2014 to $55,204,420 in 2023, suggesting effective asset accumulation and investment.
While specific program spending details are not provided in the summary data, the consistent surpluses and significant asset growth point to a financially stable organization. The absence of reported officer compensation across all filings is a notable aspect of its transparency, indicating that executive compensation is either not paid or is reported under other categories, which would require further investigation of the full 990 forms for complete clarity. Overall, the financial health appears robust, with a clear trend of increasing resources.