Is Drug Chemical And Associated Technologies Association Inc Legit?
Quick charity verification for Drug Chemical And Associated Technologies Association Inc (EIN: 131980503)
Verdict: Drug Chemical And Associated Technologies Association Inc appears trustworthy
75/100Mission Score
$6.2MRevenue
$9.8MAssets
2Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported, which may obscure true leadership costs for an organization of this size.
NTEE code is unknown, which limits understanding of its specific programmatic focus and peer comparison.
Strengths
Consistent revenue growth, increasing from $2,085,976 in 202010 to $5,604,025 in 202310.
Strong asset accumulation, growing from $6,336,316 in 202010 to $7,492,601 in 202310.
Consistently operates with a financial surplus, indicating sound financial management (e.g., $5,604,025 revenue vs. $4,288,341 expenses in 202310).
Low liabilities relative to assets, with liabilities of $1,803,409 against assets of $7,492,601 in 202310.
Spending Breakdown
How Drug Chemical And Associated Technologies Association Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Drug Chemical And Associated Technologies Association Inc
Is Drug Chemical And Associated Technologies Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Drug Chemical And Associated Technologies Association Inc (EIN: 131980503) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Drug Chemical And Associated Technologies Association Inc a good charity to donate to?
Drug Chemical And Associated Technologies Association Inc has a Mission Score of 75/100. Revenue: $6.2M. Assets: $9.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Drug Chemical And Associated Technologies Association Inc?
The Employer Identification Number (EIN) for Drug Chemical And Associated Technologies Association Inc is 131980503. 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 Drug Chemical And Associated Technologies Association Inc spend its money?
Drug Chemical And Associated Technologies Association Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Drug Chemical And Associated Technologies Association Inc's tax-exempt status?
You can verify Drug Chemical And Associated Technologies Association Inc's tax-exempt status using EIN 131980503 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
Drug Chemical And Associated Technologies Association Inc (DCAT) demonstrates a generally healthy financial position with consistent revenue growth over the past several years, culminating in $5,604,025 in revenue for the 202310 period. The organization consistently operates with a surplus, as evidenced by its 202310 expenses of $4,288,341 against its revenue, indicating sound financial management. Its asset base has also shown significant growth, reaching $7,492,601 in 202310, suggesting a strong financial foundation.
Spending efficiency appears reasonable, with expenses consistently lower than revenue, allowing for asset accumulation. The absence of reported officer compensation across all available filings suggests either a volunteer-led executive structure or compensation is reported under other expense categories, which could impact the perception of transparency regarding leadership costs. Further detail on functional expenses would be needed for a precise assessment of program versus administrative spending efficiency.
Overall, DCAT appears to be a financially stable organization with a positive trend in revenue and assets. The lack of reported officer compensation is a notable point for transparency, as it can obscure the full cost of leadership. However, the consistent surpluses and asset growth indicate prudent financial stewardship.