Is Hispanic Contractors Association Of The Carolinas Inc Legit?
Quick charity verification for Hispanic Contractors Association Of The Carolinas Inc (EIN: 205793719)
Verdict: Hispanic Contractors Association Of The Carolinas Inc appears trustworthy
85/100Mission Score
$495KRevenue
$201KAssets
2Red Flags
3Strengths
Red Flags
Inconsistent asset base over time, indicating potential lack of stable reserves.
Multiple years with expenses exceeding revenue (e.g., 2022, 2021, 2019, 2016, 2015) suggest past operational challenges.
Strengths
Consistent 0% officer compensation across all filings, demonstrating strong volunteer leadership and efficient use of funds.
Significant revenue growth and a healthy surplus in the latest filing (2023: Revenue $466,738, Expenses $412,710).
Positive net income in several periods, including the most recent, indicating financial sustainability when managed effectively.
Spending Breakdown
How Hispanic Contractors Association Of The Carolinas 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 Hispanic Contractors Association Of The Carolinas Inc
Is Hispanic Contractors Association Of The Carolinas Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hispanic Contractors Association Of The Carolinas Inc (EIN: 205793719) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Hispanic Contractors Association Of The Carolinas Inc a good charity to donate to?
Hispanic Contractors Association Of The Carolinas Inc has a Mission Score of 85/100. Revenue: $495K. Assets: $201K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hispanic Contractors Association Of The Carolinas Inc?
The Employer Identification Number (EIN) for Hispanic Contractors Association Of The Carolinas Inc is 205793719. 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 Hispanic Contractors Association Of The Carolinas Inc spend its money?
Hispanic Contractors Association Of The Carolinas Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hispanic Contractors Association Of The Carolinas Inc's tax-exempt status?
You can verify Hispanic Contractors Association Of The Carolinas Inc's tax-exempt status using EIN 205793719 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 Hispanic Contractors Association Of The Carolinas Inc (HCAC) demonstrates a fluctuating but generally positive financial trajectory, particularly in its most recent filing period. In 2023, the organization reported revenue of $466,738 against expenses of $412,710, indicating a healthy surplus. This marks a significant increase in scale compared to previous years, where revenues often hovered below $200,000. The organization consistently reports 0% officer compensation, which is a strong indicator of volunteer leadership and efficient use of funds, contributing positively to its transparency and public trust. However, the organization's asset base has shown considerable volatility, from $95,193 in 2020 to $6,131 in 2022, before rebounding to $64,462 in 2023. This fluctuation in assets, alongside periods where expenses exceeded revenue (e.g., 2022, 2021, 2019, 2016, 2015), suggests that while the latest period is strong, the organization has faced financial challenges in the past. The lack of officer compensation across all reported periods is a significant strength in terms of financial efficiency and transparency.