Is Eastern American Certified Development Company Inc Legit?
Quick charity verification for Eastern American Certified Development Company Inc (EIN: 204647454)
Verdict: Eastern American Certified Development Company Inc appears trustworthy
90/100Mission Score
$407KRevenue
$1.1MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent financial surpluses, with revenue exceeding expenses in most periods.
Significant growth in assets, reaching $1,568,675 in 2023.
0% officer compensation reported across all filings, indicating strong financial transparency and efficiency.
Decreasing liabilities in the most recent period, from $376,617 in 2022 to $312,301 in 2023.
Spending Breakdown
How Eastern American Certified Development Company Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Eastern American Certified Development Company Inc
Is Eastern American Certified Development Company Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Eastern American Certified Development Company Inc (EIN: 204647454) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
Is Eastern American Certified Development Company Inc a good charity to donate to?
Eastern American Certified Development Company Inc has a Mission Score of 90/100. Revenue: $407K. Assets: $1.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Eastern American Certified Development Company Inc?
The Employer Identification Number (EIN) for Eastern American Certified Development Company Inc is 204647454. 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 Eastern American Certified Development Company Inc spend its money?
Eastern American Certified Development Company Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Eastern American Certified Development Company Inc's tax-exempt status?
You can verify Eastern American Certified Development Company Inc's tax-exempt status using EIN 204647454 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
Eastern American Certified Development Company Inc demonstrates a fluctuating but generally positive financial trajectory, particularly in recent years. In 2023, the organization reported revenue of $1,262,705 against expenses of $827,896, indicating a healthy surplus. This trend of revenue exceeding expenses is largely consistent across the past few years, contributing to a substantial increase in assets from $363,839 in 2021 to $1,568,675 in 2023. The organization's NTEE code S43 (Small Business Investment Companies) suggests a focus on economic development, and the consistent reporting of 0% officer compensation across all available filings indicates strong financial transparency regarding executive pay. While specific program spending ratios are not detailed in the provided data, the overall financial health appears robust, with growing assets and consistent operational surpluses. The organization's liabilities have also been managed, showing a decrease from $376,617 in 2022 to $312,301 in 2023, further strengthening its financial position.