Quick charity verification for Eastern Contractors Association Inc (EIN: 141438951)
Verdict: Eastern Contractors Association Inc appears trustworthy
85/100Mission Score
$1.8MRevenue
$4.3MAssets
2Red Flags
4Strengths
Red Flags
Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided summary data
Significant fluctuations in liabilities year-over-year without clear explanation in summary data
Strengths
Consistent revenue generation exceeding expenses (e.g., $1,718,539 revenue vs. $1,472,674 expenses in 2023)
Steady growth in assets over the past decade, from $2,005,193 in 2014 to $4,008,635 in 2023
Consistently reported 0% officer compensation, indicating potential for very low administrative overhead in this area
Strong financial reserves with assets significantly outweighing liabilities
Spending Breakdown
How Eastern Contractors 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 Eastern Contractors Association Inc
Is Eastern Contractors Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Eastern Contractors Association Inc (EIN: 141438951) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Eastern Contractors Association Inc a good charity to donate to?
Eastern Contractors Association Inc has a Mission Score of 85/100. Revenue: $1.8M. Assets: $4.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Eastern Contractors Association Inc?
The Employer Identification Number (EIN) for Eastern Contractors Association Inc is 141438951. 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 Contractors Association Inc spend its money?
Eastern Contractors Association Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Eastern Contractors Association Inc's tax-exempt status?
You can verify Eastern Contractors Association Inc's tax-exempt status using EIN 141438951 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 Contractors Association Inc demonstrates consistent financial stability with revenues generally exceeding expenses over the past decade. For instance, in 2023, revenue was $1,718,539 against expenses of $1,472,674, resulting in a surplus. The organization's assets have also shown steady growth, increasing from $2,005,193 in 2014 to $4,008,635 in 2023, indicating sound financial management and accumulation of reserves. Liabilities have fluctuated but remain manageable relative to assets.
While specific program spending percentages are not provided in the raw data, the consistent surplus generation suggests that the organization is effectively managing its resources. The absence of reported officer compensation across all filings indicates a potential for high efficiency in administrative costs, assuming officers are either volunteers or compensated through other means not categorized as 'Officer Comp' in these summaries. This could contribute to a higher proportion of funds being available for its stated mission.
However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency and program focus is challenging. The organization's transparency regarding executive compensation is high, as it consistently reports 0% for officer compensation, which is a positive indicator for donors concerned about excessive executive pay.