Is Daniel Island Business Association Legit?

Quick charity verification for Daniel Island Business Association (EIN: 200714822)

Verdict: Daniel Island Business Association appears trustworthy

85/100Mission Score

$10KRevenue

$1KAssets

1Red Flags

5Strengths

Red Flags

Inconsistent revenue generation leading to occasional deficits (e.g., 2023, 2022, 2021, 2019, 2015 periods where expenses exceeded revenue).

Strengths

Consistent compliance with IRS filing requirements (14 filings).
Zero reported liabilities across all filings, indicating strong financial management and no debt.
0% officer compensation reported across all filings, suggesting high efficiency and volunteer-driven leadership.
Long operational history, demonstrating sustained commitment to its mission.
Assets consistently maintained, providing a buffer for operations (e.g., $8,529 in 2023).

Spending Breakdown

How Daniel Island Business Association allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Daniel Island Business Association

Is Daniel Island Business Association a legitimate charity?

Based on AI analysis of IRS 990 filings, Daniel Island Business Association (EIN: 200714822) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.

Is Daniel Island Business Association a good charity to donate to?

Daniel Island Business Association has a Mission Score of 85/100. Revenue: $10K. Assets: $1K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Daniel Island Business Association?

The Employer Identification Number (EIN) for Daniel Island Business Association is 200714822. 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 Daniel Island Business Association spend its money?

Daniel Island Business Association allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Daniel Island Business Association's tax-exempt status?

You can verify Daniel Island Business Association's tax-exempt status using EIN 200714822 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 Daniel Island Business Association (DIBA) demonstrates a consistent operational history, with 14 filings indicating regular activity. The organization's financial health appears stable, albeit with fluctuating revenues and expenses over the past decade. For instance, in 2023, DIBA reported revenues of $19,106 against expenses of $21,923, resulting in a deficit. This trend of expenses occasionally exceeding revenue is observed in several periods, such as 2022 ($24,753 revenue vs. $24,928 expenses) and 2021 ($9,326 revenue vs. $14,643 expenses). However, the organization consistently maintains zero liabilities, suggesting a prudent approach to debt management and financial obligations. Their assets have fluctuated, peaking at $28,444 in 2018 and currently standing at $8,529 as of the 2023 filing.

Regarding spending efficiency, the absence of reported officer compensation across all available filings is a significant positive indicator, suggesting that the organization is run by volunteers or that compensation falls below reporting thresholds, which contributes to lower administrative overhead. Without a detailed breakdown of expenses into program, administrative, and fundraising categories, it's challenging to precisely assess spending efficiency. However, the consistent operation with relatively modest revenues implies that resources are likely directed towards its mission, which, given its NTEE code S41 (Business & Commerce Organizations), would involve supporting local businesses.

In terms of transparency, the organization has a robust filing history with 14 IRS 990 filings, indicating consistent compliance with regulatory requirements. The consistent reporting of zero liabilities and zero officer compensation enhances transparency by showing a clear financial picture. While more detailed expense breakdowns would further improve transparency, the overall pattern suggests a well-managed, community-focused organization with a commitment to its mission, operating within its means and without significant financial risks.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.