Is Hung Tao Choy Mei Leadership Institute…

Quick charity verification for Hung Tao Choy Mei Leadership Institute (EIN: 113679500)

Strengths

Consistent 0% officer compensation across all filings, indicating high efficiency and dedication to mission.
Positive financial surplus in the most recent reporting period (202312: Revenue $205,255 vs. Expenses $172,666).
Significant growth in assets over the past decade, from $3,305 in 201412 to $111,408 in 202312.
Healthy asset-to-liability ratio, with assets of $111,408 against liabilities of $50,868 in 202312.

Spending Breakdown

How Hung Tao Choy Mei Leadership Institute allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Hung Tao Choy Mei Leadership Institute

Is Hung Tao Choy Mei Leadership Institute a legitimate charity?

Based on AI analysis of IRS 990 filings, Hung Tao Choy Mei Leadership Institute (EIN: 113679500) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is Hung Tao Choy Mei Leadership Institute a good charity to donate to?

Hung Tao Choy Mei Leadership Institute has a Mission Score of 85/100. Revenue: $193K. Assets: $142K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Hung Tao Choy Mei Leadership Institute?

The Employer Identification Number (EIN) for Hung Tao Choy Mei Leadership Institute is 113679500. 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 Hung Tao Choy Mei Leadership Institute spend its money?

Hung Tao Choy Mei Leadership Institute allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Hung Tao Choy Mei Leadership Institute's tax-exempt status?

You can verify Hung Tao Choy Mei Leadership Institute's tax-exempt status using EIN 113679500 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 Hung Tao Choy Mei Leadership Institute demonstrates a fluctuating but generally positive financial trajectory in recent years, with its latest filing showing revenue of $205,255 against expenses of $172,666, resulting in a surplus. This indicates sound financial management for the period. However, the organization's financial health has been inconsistent, with a notable period in 202212 reporting zero revenue and expenses, which could indicate a gap in reporting or a period of inactivity. Despite this, the organization has consistently maintained a healthy asset base relative to its liabilities, with assets of $111,408 and liabilities of $50,868 in the latest period, suggesting a stable financial position.

The organization's spending efficiency appears to be strong, particularly given its consistent reporting of 0% officer compensation across all available filings. This suggests that resources are primarily directed towards its mission rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the absence of officer compensation is a positive indicator of efficiency. The organization's transparency is good through its consistent filing of IRS Form 990s, providing a clear historical record of its financial activities, though the 202212 filing is an anomaly that warrants further investigation for complete clarity.

Overall, the Hung Tao Choy Mei Leadership Institute appears to be a financially stable organization with a commitment to directing resources to its mission, as evidenced by its lack of executive compensation. Its financial health has improved in the most recent period, and its asset-to-liability ratio is healthy. The primary area for potential concern is the unexplained zero activity in 202212, which could impact a full assessment of its continuous operational transparency.

Is Hung Tao Choy Mei Leadership Institute Legit?

Verdict: Hung Tao Choy Mei Leadership Institute appears trustworthy

Red Flags