Is Greater Memphis United Chinese Association Legit?
Quick charity verification for Greater Memphis United Chinese Association (EIN: 161658700)
Verdict: Greater Memphis United Chinese Association appears trustworthy
90/100Mission Score
$297KRevenue
$315KAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation across all filings, indicating high efficiency and dedication to mission.
Healthy asset base ($244,186 in 2023) with zero liabilities in recent years, demonstrating strong financial health.
Long history of IRS 990 filings (12 filings), showing commitment to transparency and compliance.
Steady growth in assets over the past decade, from $120,913 in 2013 to $244,186 in 2023.
Spending Breakdown
How Greater Memphis United Chinese Association 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 Greater Memphis United Chinese Association
Is Greater Memphis United Chinese Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Memphis United Chinese Association (EIN: 161658700) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
Is Greater Memphis United Chinese Association a good charity to donate to?
Greater Memphis United Chinese Association has a Mission Score of 90/100. Revenue: $297K. Assets: $315K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Greater Memphis United Chinese Association?
The Employer Identification Number (EIN) for Greater Memphis United Chinese Association is 161658700. 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 Greater Memphis United Chinese Association spend its money?
Greater Memphis United Chinese Association allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Greater Memphis United Chinese Association's tax-exempt status?
You can verify Greater Memphis United Chinese Association's tax-exempt status using EIN 161658700 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 Greater Memphis United Chinese Association demonstrates a generally stable financial position with consistent revenue streams over the past decade, though with some fluctuations. For instance, revenue in 2023 was $199,791, a decrease from $257,478 in 2022, but still significantly higher than the $56,829 reported in 2020. The organization consistently reports zero liabilities in recent years, indicating strong financial management and a lack of debt. Their assets have also shown steady growth, reaching $244,186 in 2023. The organization's spending efficiency appears reasonable, with expenses generally aligning with or slightly exceeding revenue in some periods, such as 2023 where expenses were $237,725 against $199,791 in revenue, suggesting a draw on reserves or prior year surpluses. The consistent reporting of 0% officer compensation across all filings indicates a strong commitment to directing funds towards the mission rather than executive salaries, enhancing their transparency and public trust.
While specific program spending ratios are not detailed in the provided summary, the absence of officer compensation is a significant positive indicator of efficiency. The organization's financial health appears sound, with a healthy asset base relative to its annual revenue. The consistent filing of IRS Form 990s over 12 periods demonstrates a commitment to transparency and regulatory compliance. The fluctuations in revenue and expenses suggest an organization that is actively engaged in its mission, adapting to varying levels of support and program needs. Overall, the Greater Memphis United Chinese Association appears to be a financially responsible and transparent organization.