Is Filipino American Basketball Association Of Metropolitan Dc Inc Legit?
Quick charity verification for Filipino American Basketball Association Of Metropolitan Dc Inc (EIN: 20551088)
Verdict: Filipino American Basketball Association Of Metropolitan Dc Inc appears trustworthy
75/100Mission Score
$18KRevenue
$14KAssets
2Red Flags
3Strengths
Red Flags
Inconsistent revenue generation, including $0 revenue in 2023.
Liabilities matching assets in recent filings (e.g., 2023 and 2021), indicating a potentially precarious financial position or specific restricted funds.
Strengths
Consistent 0% officer compensation across all filings, indicating volunteer leadership and efficient use of funds.
Maintained positive assets over time, despite revenue fluctuations.
Long filing history (11 filings) demonstrates ongoing operations and compliance.
Spending Breakdown
How Filipino American Basketball Association Of Metropolitan Dc 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 Filipino American Basketball Association Of Metropolitan Dc Inc
Is Filipino American Basketball Association Of Metropolitan Dc Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Filipino American Basketball Association Of Metropolitan Dc Inc (EIN: 20551088) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Filipino American Basketball Association Of Metropolitan Dc Inc a good charity to donate to?
Filipino American Basketball Association Of Metropolitan Dc Inc has a Mission Score of 75/100. Revenue: $18K. Assets: $14K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Filipino American Basketball Association Of Metropolitan Dc Inc?
The Employer Identification Number (EIN) for Filipino American Basketball Association Of Metropolitan Dc Inc is 20551088. 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 Filipino American Basketball Association Of Metropolitan Dc Inc spend its money?
Filipino American Basketball Association Of Metropolitan Dc Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Filipino American Basketball Association Of Metropolitan Dc Inc's tax-exempt status?
You can verify Filipino American Basketball Association Of Metropolitan Dc Inc's tax-exempt status using EIN 20551088 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
The Filipino American Basketball Association Of Metropolitan Dc Inc exhibits inconsistent financial activity, with revenues fluctuating significantly year-to-year, from $0 in 2023 to $50,838 in 2019. The organization's assets have also varied, peaking at $24,643 in 2015 before declining and then recovering to $14,203 in the latest period. A notable point is the presence of liabilities matching assets in recent filings (e.g., $13,996 in both assets and liabilities in 2023 and $3,138 in 2021), which could indicate a reliance on restricted funds or specific obligations. The organization consistently reports 0% officer compensation, which is a positive indicator for donor confidence regarding executive pay.
Given the NTEE code N62 (Amateur Sports Clubs, Leagues, & Associations), the organization's expenses are likely tied to operational costs for sports programs. Without a detailed breakdown of expenses beyond total expenses, it's challenging to fully assess spending efficiency. However, the consistent reporting of 0% officer compensation across all filings suggests a volunteer-driven leadership, which can contribute to lower administrative overhead. The organization's financial health appears stable but modest, with sufficient assets to cover reported liabilities in some periods, but a concerning matching of assets and liabilities in others.