Is Electronic Signature And Recordsassociation Inc Legit?
Quick charity verification for Electronic Signature And Recordsassociation Inc (EIN: 205008069)
Verdict: Electronic Signature And Recordsassociation Inc appears trustworthy
80/100Mission Score
$108KRevenue
$133KAssets
2Red Flags
3Strengths
Red Flags
Consistent deficit spending in recent years (e.g., 2023, 2020, 2016, 2015)
Increase in liabilities from $0 to $47,635 over the past few years without clear explanation in provided data
Strengths
No reported officer compensation across all filings, indicating efficient use of funds at the leadership level
Long history of IRS 990 filings (13 filings), demonstrating consistent transparency
Assets have generally grown over time, reaching $189,148 in 2023
Spending Breakdown
How Electronic Signature And Recordsassociation Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
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 Electronic Signature And Recordsassociation Inc
Is Electronic Signature And Recordsassociation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Electronic Signature And Recordsassociation Inc (EIN: 205008069) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 3 strengths noted.
Is Electronic Signature And Recordsassociation Inc a good charity to donate to?
Electronic Signature And Recordsassociation Inc has a Mission Score of 80/100. Revenue: $108K. Assets: $133K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Electronic Signature And Recordsassociation Inc?
The Employer Identification Number (EIN) for Electronic Signature And Recordsassociation Inc is 205008069. 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 Electronic Signature And Recordsassociation Inc spend its money?
Electronic Signature And Recordsassociation Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Electronic Signature And Recordsassociation Inc's tax-exempt status?
You can verify Electronic Signature And Recordsassociation Inc's tax-exempt status using EIN 205008069 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
Electronic Signature And Recordsassociation Inc (ESRA) demonstrates a consistent operational history with 13 filings, indicating a stable presence. The organization's financial health shows some fluctuation in revenue, peaking at $370,351 in 2017 and more recently reporting $151,577 in 2023. While assets have generally grown, reaching $189,148 in 2023, liabilities have also increased, standing at $47,635 in the latest period, which is a notable change from periods prior to 2017 where liabilities were $0. The organization's expenses have often exceeded revenue in recent years, such as in 2023 where expenses were $163,859 against $151,577 in revenue, suggesting a reliance on prior reserves or other funding sources to cover operational costs.
Regarding spending efficiency, the provided data indicates that officer compensation has consistently been 0% across all reported periods. This suggests that the organization's leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which can be a positive indicator for donor confidence. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The consistent reporting of financial data through IRS 990 filings over many years points to a good level of transparency in its financial disclosures.
Overall, ESRA appears to be a well-established organization with a long filing history and no reported officer compensation. Its financial health shows periods of deficit spending, but assets have generally been maintained or grown. The increase in liabilities in recent years warrants closer examination to understand their nature and impact on long-term financial stability. The lack of detailed expense categorization beyond total expenses limits a deeper analysis of spending efficiency, but the absence of officer compensation is a strong positive for transparency.