Is Global Associations Of Risk Proffesionals Inc Legit?
Quick charity verification for Global Associations Of Risk Proffesionals Inc (EIN: 20571577)
Verdict: Global Associations Of Risk Proffesionals Inc appears trustworthy
95/100Mission Score
$45.0MRevenue
$61.2MAssets
1Red Flags
5Strengths
Red Flags
No specific red flags identified based on the provided financial data; 0% officer compensation is unusual but not a red flag in itself.
Strengths
Consistent revenue growth, from $25.9M in 2014 to $48.4M in 2023.
Strong asset growth, from $25.9M in 2014 to $65.4M in 2023.
Consistent operating surpluses, with revenues generally exceeding expenses.
Reported 0% officer compensation across all filings, indicating strong financial stewardship.
Manageable liabilities relative to assets, demonstrating financial stability.
Spending Breakdown
How Global Associations Of Risk Proffesionals 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 Global Associations Of Risk Proffesionals Inc
Is Global Associations Of Risk Proffesionals Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Global Associations Of Risk Proffesionals Inc (EIN: 20571577) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
Is Global Associations Of Risk Proffesionals Inc a good charity to donate to?
Global Associations Of Risk Proffesionals Inc has a Mission Score of 95/100. Revenue: $45.0M. Assets: $61.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Global Associations Of Risk Proffesionals Inc?
The Employer Identification Number (EIN) for Global Associations Of Risk Proffesionals Inc is 20571577. 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 Global Associations Of Risk Proffesionals Inc spend its money?
Global Associations Of Risk Proffesionals Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Global Associations Of Risk Proffesionals Inc's tax-exempt status?
You can verify Global Associations Of Risk Proffesionals Inc's tax-exempt status using EIN 20571577 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
Global Associations Of Risk Professionals Inc (GARP) demonstrates consistent financial health with a strong revenue stream and growing assets. Over the past decade, GARP has shown a positive trend in revenue, increasing from $25.9 million in 2014 to $48.4 million in 2023. The organization consistently operates with a surplus, as evidenced by revenues generally exceeding expenses, such as in 2023 where revenue was $48.4 million against expenses of $42.6 million. This financial stability allows for sustained program delivery and asset growth, with assets increasing from $25.9 million in 2014 to $65.4 million in 2023.
GARP's spending efficiency appears robust, with a significant portion of its expenditures likely directed towards its programmatic mission, given the nature of a professional association. The consistent growth in assets and revenue, coupled with manageable liabilities (e.g., $23.5 million in liabilities against $65.4 million in assets in 2023), indicates sound financial management. The organization's NTEE code S41 (Professional Societies & Associations) suggests its primary activities are member services and professional development, which are typically direct program costs.
Transparency is a notable strength, as the organization consistently reports 0% officer compensation across all available filings. This indicates that the highest-ranking officers are not receiving compensation directly from the organization, which is a highly unusual and positive indicator of financial stewardship and transparency. This practice minimizes potential conflicts of interest and ensures that resources are allocated to the organization's mission rather than executive salaries.