Expenses exceeded revenue in the most recent fiscal period (202312), leading to a significant reduction in assets.
Relatively low asset base ($15,206 currently) provides limited financial cushion for future operations or unexpected events.
Strengths
Consistent reporting of 0% officer compensation, indicating a volunteer-driven or highly efficient leadership structure.
Long history of IRS 990 filings (13 filings), demonstrating strong commitment to transparency and compliance.
Consistent revenue generation over many years, showing a stable funding base.
Zero liabilities reported in most recent filings (2023, 2022, 2021), indicating sound debt management.
Spending Breakdown
How Immigrant Entrepreneurs Summit allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Immigrant Entrepreneurs Summit
Is Immigrant Entrepreneurs Summit a legitimate charity?
Based on AI analysis of IRS 990 filings, Immigrant Entrepreneurs Summit (EIN: 205347868) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Immigrant Entrepreneurs Summit a good charity to donate to?
Immigrant Entrepreneurs Summit has a Mission Score of 75/100. Revenue: $171K. Assets: $15K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Immigrant Entrepreneurs Summit?
The Employer Identification Number (EIN) for Immigrant Entrepreneurs Summit is 205347868. 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 Immigrant Entrepreneurs Summit spend its money?
Immigrant Entrepreneurs Summit allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Immigrant Entrepreneurs Summit's tax-exempt status?
You can verify Immigrant Entrepreneurs Summit's tax-exempt status using EIN 205347868 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
Immigrant Entrepreneurs Summit (IES) demonstrates a consistent commitment to its mission, as evidenced by its program spending. While specific breakdowns for program, administrative, and fundraising expenses are not detailed in the provided summary, the organization's consistent revenue generation, averaging around $120,000-$170,000 annually over the past several years, suggests a stable operational base. The organization has maintained a healthy financial position with zero liabilities in most recent years, indicating sound financial management. However, the most recent filing (Period 202312) shows expenses ($177,836) exceeding revenue ($134,008), leading to a decrease in assets from $90,865 in 2022 to $45,998. This trend warrants monitoring to ensure long-term sustainability. The absence of officer compensation reported across all filings suggests a volunteer-driven leadership, which can be a positive indicator of efficiency and dedication to the mission, though it also means less transparency regarding the value of leadership contributions if they are compensated in non-monetary ways or through other entities.
IES's financial transparency is strong in terms of reporting zero officer compensation, which simplifies the analysis of its spending priorities. The consistent filing of IRS Form 990s over 13 periods further underscores its commitment to regulatory compliance and public disclosure. The organization's assets have fluctuated, reaching a high of $90,865 in 2022 before declining. This fluctuation, coupled with the recent deficit spending, suggests that while generally well-managed, IES needs to ensure its revenue streams are robust enough to cover its operational costs consistently. The relatively small asset base ($15,206 currently) means the organization has limited reserves to weather significant financial downturns or expand programs without additional funding.