Is Hbs Health Industry Alumni Association Inc Legit?
Quick charity verification for Hbs Health Industry Alumni Association Inc (EIN: 113508999)
Verdict: Hbs Health Industry Alumni Association Inc appears trustworthy
85/100Mission Score
$277KRevenue
$385KAssets
1Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in the most recent 2023 filing period, resulting in a deficit.
Strengths
Consistent 0% officer compensation across all filings, indicating volunteer leadership and high efficiency.
Healthy asset base consistently exceeding liabilities, demonstrating financial stability (e.g., $418,828 assets vs. $30,000 liabilities in 2023).
Consistent filing of IRS Form 990s over 13 periods, indicating strong transparency and compliance.
Stable revenue streams over the past decade, generally in the $200,000-$300,000 range.
Spending Breakdown
How Hbs Health Industry Alumni Association 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 Hbs Health Industry Alumni Association Inc
Is Hbs Health Industry Alumni Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hbs Health Industry Alumni Association Inc (EIN: 113508999) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Hbs Health Industry Alumni Association Inc a good charity to donate to?
Hbs Health Industry Alumni Association Inc has a Mission Score of 85/100. Revenue: $277K. Assets: $385K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hbs Health Industry Alumni Association Inc?
The Employer Identification Number (EIN) for Hbs Health Industry Alumni Association Inc is 113508999. 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 Hbs Health Industry Alumni Association Inc spend its money?
Hbs Health Industry Alumni Association Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hbs Health Industry Alumni Association Inc's tax-exempt status?
You can verify Hbs Health Industry Alumni Association Inc's tax-exempt status using EIN 113508999 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 Hbs Health Industry Alumni Association Inc demonstrates consistent financial activity, with revenues generally exceeding or closely matching expenses over the past decade. For instance, in 2022, revenue was $226,863 against expenses of $215,910, indicating a slight surplus. However, the most recent filing for 2023 shows expenses ($249,120) exceeding revenue ($235,725), resulting in a deficit for that period. The organization maintains a healthy asset base, with assets consistently higher than liabilities, such as $418,828 in assets versus $30,000 in liabilities in 2023, suggesting good financial stability.
The organization's spending efficiency appears strong, particularly given that officer compensation has consistently been reported as 0% across all available filings. This indicates that the leadership is likely volunteer-based, which significantly reduces administrative overhead. While a detailed breakdown of program versus administrative spending isn't provided in the summary data, the absence of paid executive compensation is a positive indicator for efficient use of funds. The consistent filing of IRS Form 990s over 13 periods also points to a commitment to transparency.
Overall, the Hbs Health Industry Alumni Association Inc appears to be a financially stable organization, effectively managing its resources with a strong emphasis on volunteer leadership. The recent deficit in 2023 warrants monitoring, but the overall trend and asset position suggest it is well-positioned to continue its operations. The lack of officer compensation is a significant strength in terms of spending efficiency.