Is Eastern Association Of Student Financial Aid Administrators Inc Legit?
Quick charity verification for Eastern Association Of Student Financial Aid Administrators Inc (EIN: 222521580)
Verdict: Eastern Association Of Student Financial Aid Administrators Inc shows mixed signals
65/100Mission Score
$230KRevenue
$915KAssets
3Red Flags
3Strengths
Red Flags
Revenue has been relatively low and inconsistent, with a significant drop in 2021 ($74,260) and 2020 ($85,112) compared to prior years.
Expenses have frequently exceeded revenue, for example, in 2022 ($239,607 expenses vs. $218,921 revenue) and 2020 ($83,629 expenses vs. $85,112 revenue), which could indicate reliance on reserves or other funding sources.
The 'nt' (net assets) field is missing from the provided data, making it difficult to fully assess the organization's financial health over time.
Strengths
Consistent reporting of $0 executive compensation demonstrates a commitment to minimizing administrative overhead.
The organization maintains a healthy asset base, with assets (a) consistently above $700,000, reaching $914,996 in 2023, providing financial stability.
Despite fluctuating revenues, the organization has maintained operations for several years, indicating resilience and a dedicated mission.
Spending Breakdown
How Eastern Association Of Student Financial Aid Administrators 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 Eastern Association Of Student Financial Aid Administrators Inc
Is Eastern Association Of Student Financial Aid Administrators Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Eastern Association Of Student Financial Aid Administrators Inc (EIN: 222521580) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Eastern Association Of Student Financial Aid Administrators Inc a good charity to donate to?
Eastern Association Of Student Financial Aid Administrators Inc has a Mission Score of 65/100. Revenue: $230K. Assets: $915K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Eastern Association Of Student Financial Aid Administrators Inc?
The Employer Identification Number (EIN) for Eastern Association Of Student Financial Aid Administrators Inc is 222521580. 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 Association Of Student Financial Aid Administrators Inc spend its money?
Eastern Association Of Student Financial Aid Administrators Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Eastern Association Of Student Financial Aid Administrators Inc's tax-exempt status?
You can verify Eastern Association Of Student Financial Aid Administrators Inc's tax-exempt status using EIN 222521580 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 Association Of Student Financial Aid Administrators Inc is a unknown nonprofit based in Belmont, Massachusetts, with reported revenue of $230K and assets of $915K. Our AI analysis assigns a Mission Score of 65/100 (Good). Approximately 70% of spending goes to programs, 20% to administration, and 10% to fundraising. Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led or very low-cost leadership structure. Revenue has grown +35% across 13 filing periods.