Quick charity verification for Grand Strand Business Association (EIN: 200962146)
Verdict: Grand Strand Business Association appears trustworthy
85/100Mission Score
$508KRevenue
$392KAssets
2Red Flags
5Strengths
Red Flags
Fluctuating revenue and expenses, leading to periods of deficit spending (e.g., 2022, 2020, 2018, 2016, 2015)
Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data, making precise spending efficiency analysis difficult
Strengths
Consistent 0% officer compensation, indicating efficient use of funds for executive pay
Strong financial recovery and positive net income in the most recent filing (2023: $625,512 revenue vs. $372,512 expenses)
Significant asset growth in 2023, from $88,222 to $340,450
Consistent filing of IRS Form 990s, demonstrating transparency
Low liabilities in recent years, indicating good debt management
Spending Breakdown
How Grand Strand Business Association 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 Grand Strand Business Association
Is Grand Strand Business Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Grand Strand Business Association (EIN: 200962146) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is Grand Strand Business Association a good charity to donate to?
Grand Strand Business Association has a Mission Score of 85/100. Revenue: $508K. Assets: $392K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Grand Strand Business Association?
The Employer Identification Number (EIN) for Grand Strand Business Association is 200962146. 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 Grand Strand Business Association spend its money?
Grand Strand Business Association allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Grand Strand Business Association's tax-exempt status?
You can verify Grand Strand Business Association's tax-exempt status using EIN 200962146 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 Grand Strand Business Association demonstrates generally sound financial health, with recent filings showing a positive net income in 2023 ($625,512 revenue vs. $372,512 expenses) and a substantial increase in assets to $340,450. While there have been periods of deficit spending, such as in 2022 where expenses ($502,848) exceeded revenue ($363,878), the organization appears to be managing its finances effectively in the most recent period. The consistent reporting of 0% officer compensation across all filings indicates a commitment to minimizing administrative overhead related to executive pay, which is a positive sign for donor confidence.
The organization's spending efficiency, particularly the allocation towards programs, cannot be precisely determined without a detailed breakdown of expenses beyond total expenses. However, the absence of officer compensation suggests that a significant portion of funds is likely directed towards its mission. The fluctuating revenue and expense figures over the years indicate a dynamic operational environment, but the overall trend in assets, particularly the growth from $88,222 in 2022 to $340,450 in 2023, suggests prudent financial management and accumulation of resources. The organization's consistent filing of IRS Form 990s demonstrates a commitment to transparency.
Overall, the Grand Strand Business Association appears to be a financially stable organization with good transparency practices, especially concerning executive compensation. Its ability to recover from periods of deficit and grow its asset base is commendable. Further analysis would benefit from a detailed functional expense breakdown to fully assess program spending efficiency.