Is Delaware Captive Insurance Association Inc Legit?
Quick charity verification for Delaware Captive Insurance Association Inc (EIN: 203619639)
Verdict: Delaware Captive Insurance Association Inc appears trustworthy
75/100Mission Score
$43KRevenue
$112KAssets
2Red Flags
3Strengths
Red Flags
Recurring operational deficits (e.g., $12,669 deficit in 202310, $20,564 deficit in 202210)
Significant fluctuation in revenue over time (e.g., $286,434 in 201410 down to $40,240 in 202310)
Strengths
Consistent 0% officer compensation, indicating no executive pay from the organization
Maintains a stable asset base relative to its size (e.g., $109,750 in assets in 202310)
Long filing history (15 filings) suggests consistent compliance and transparency
Spending Breakdown
How Delaware Captive Insurance Association Inc 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 Delaware Captive Insurance Association Inc
Is Delaware Captive Insurance Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Delaware Captive Insurance Association Inc (EIN: 203619639) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Delaware Captive Insurance Association Inc a good charity to donate to?
Delaware Captive Insurance Association Inc has a Mission Score of 75/100. Revenue: $43K. Assets: $112K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Delaware Captive Insurance Association Inc?
The Employer Identification Number (EIN) for Delaware Captive Insurance Association Inc is 203619639. 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 Delaware Captive Insurance Association Inc spend its money?
Delaware Captive Insurance Association Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Delaware Captive Insurance Association Inc's tax-exempt status?
You can verify Delaware Captive Insurance Association Inc's tax-exempt status using EIN 203619639 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 Delaware Captive Insurance Association Inc (DCIA) operates as a relatively small organization with fluctuating revenues and expenses. In its latest filing (202310), the organization reported revenue of $40,240 against expenses of $52,909, indicating a deficit for the period. This trend of expenses exceeding revenue has been observed in several recent years, including 202210 ($45,130 revenue vs. $65,694 expenses) and 201810 ($64,317 revenue vs. $70,776 expenses). While the organization maintains a healthy asset base of $109,750 in 202310, its liabilities have shown some variability, reaching $15,052 in the latest period. The consistent reporting of 0% officer compensation across all available filings suggests good financial stewardship regarding executive pay and contributes positively to its transparency. However, the recurring operational deficits warrant closer examination of its financial sustainability.