Quick charity verification for Harris Financial Corp Bmo Us Sub Tr (EIN: 205821502)
Verdict: Harris Financial Corp Bmo Us Sub Tr appears trustworthy
85/100Mission Score
$1.3MRevenue
$72KAssets
2Red Flags
3Strengths
Red Flags
Significant year-over-year revenue and expense volatility without clear explanation in public filings.
NTEE code Y240 ('Other Investment Activities') is broad and lacks specific programmatic detail, making impact assessment difficult.
Strengths
Consistently reports 0% officer compensation, indicating no funds are used for executive salaries.
Consistently reports zero liabilities, suggesting strong financial solvency and no outstanding debts.
High program spending ratio (100%) due to zero reported administrative and fundraising costs.
Spending Breakdown
How Harris Financial Corp Bmo Us Sub Tr allocates its funds across programs, administration, and fundraising.
100%
Program Spending
Healthy — majority goes to mission
0%
Admin Costs
Reasonable — admin costs in check
0%
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 Harris Financial Corp Bmo Us Sub Tr
Is Harris Financial Corp Bmo Us Sub Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Harris Financial Corp Bmo Us Sub Tr (EIN: 205821502) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Harris Financial Corp Bmo Us Sub Tr a good charity to donate to?
Harris Financial Corp Bmo Us Sub Tr has a Mission Score of 85/100. Revenue: $1.3M. Assets: $72K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Harris Financial Corp Bmo Us Sub Tr?
The Employer Identification Number (EIN) for Harris Financial Corp Bmo Us Sub Tr is 205821502. 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 Harris Financial Corp Bmo Us Sub Tr spend its money?
Harris Financial Corp Bmo Us Sub Tr allocates 100% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Harris Financial Corp Bmo Us Sub Tr's tax-exempt status?
You can verify Harris Financial Corp Bmo Us Sub Tr's tax-exempt status using EIN 205821502 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
Harris Financial Corp Bmo Us Sub Tr exhibits a fluctuating financial performance over the past decade, with significant swings in revenue and expenses. For instance, revenue peaked at over $10 million in 2021 and 2020, but dropped to $751,273 in 2023. Despite these fluctuations, the organization consistently reports zero liabilities and zero officer compensation across all available filings, which suggests a lean operational structure and a commitment to not diverting funds to executive salaries. The organization's assets have also varied, reaching a high of $190,238 in 2021 and standing at $119,919 in 2023. The consistent reporting of zero officer compensation is a strong indicator of transparency regarding executive pay, as it implies that no funds are allocated for this purpose. However, without detailed expense breakdowns beyond total expenses, it's challenging to fully assess spending efficiency across programs, administration, and fundraising.