Quick charity verification for Hamaatsa Inc (EIN: 205776772)
Verdict: Hamaatsa Inc appears trustworthy
70/100Mission Score
$854KRevenue
$770KAssets
2Red Flags
3Strengths
Red Flags
Lack of detailed expense breakdown for the latest period, hindering analysis of how the significant revenue increase is being spent.
Sudden and substantial increase in revenue ($853,918) without corresponding expense details, raising questions about financial stability and operational capacity to manage such growth.
Strengths
Consistent reporting of 0% officer compensation in historical filings, indicating a strong commitment to mission over executive pay.
Zero liabilities reported in recent historical filings (2011-2014), suggesting good financial management and solvency.
Significant growth in assets to $770,007, indicating an increase in organizational resources.
Spending Breakdown
How Hamaatsa 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 Hamaatsa Inc
Is Hamaatsa Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hamaatsa Inc (EIN: 205776772) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Hamaatsa Inc a good charity to donate to?
Hamaatsa Inc has a Mission Score of 70/100. Revenue: $854K. Assets: $770K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hamaatsa Inc?
The Employer Identification Number (EIN) for Hamaatsa Inc is 205776772. 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 Hamaatsa Inc spend its money?
Hamaatsa Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hamaatsa Inc's tax-exempt status?
You can verify Hamaatsa Inc's tax-exempt status using EIN 205776772 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
Hamaatsa Inc. demonstrates a concerning financial trend with its latest revenue of $853,918 significantly outpacing historical figures, while expenses are not provided for the latest period, making a direct comparison of spending efficiency difficult. The organization's assets have grown to $770,007, indicating some financial stability, but the lack of detailed expense breakdown in the provided data for the latest period hinders a comprehensive assessment of how these funds are being utilized. Historically, the organization has operated with relatively low revenues and expenses, with no officer compensation reported across all five historical filings, which suggests a volunteer-driven or very lean operational model in the past. The sudden surge in revenue warrants further investigation into its source and how it's being deployed.
Regarding spending efficiency, without the latest expense data, it's challenging to determine current program spending ratios. However, the historical data shows expenses generally tracking revenue, sometimes exceeding it, indicating a tight operational budget. The consistent reporting of zero officer compensation across all historical filings is a positive indicator of fiscal conservatism and a focus on mission over executive pay. Transparency is somewhat limited by the absence of detailed expense categories for the latest period, which would be crucial for understanding the allocation of the significantly increased revenue. The consistent reporting of zero liabilities in recent years is a positive sign of financial health.
Overall, Hamaatsa Inc. appears to have undergone a significant financial transformation with its latest revenue. While historical data suggests a lean operation with no executive compensation, the current financial health and spending efficiency are difficult to fully ascertain without more granular expense data for the latest period. The organization's transparency could be improved by providing a detailed breakdown of how its increased revenue is being spent across programs, administration, and fundraising.