Is Independent Insurance Agents Of Westchester County Inc Legit?
Quick charity verification for Independent Insurance Agents Of Westchester County Inc (EIN: 133229227)
Verdict: Independent Insurance Agents Of Westchester County Inc appears trustworthy
85/100Mission Score
$162KRevenue
$32KAssets
2Red Flags
4Strengths
Red Flags
NTEE Code Unknown (limits understanding of mission focus)
Lack of detailed program spending breakdown in provided data (hinders precise efficiency assessment)
Strengths
Consistent reporting of $0 liabilities (strong financial health)
0% officer compensation (resources not diverted to executive salaries)
Stable revenue generation over multiple years
Consistent IRS 990 filing history (transparency)
Spending Breakdown
How Independent Insurance Agents Of Westchester County Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
20%
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 Independent Insurance Agents Of Westchester County Inc
Is Independent Insurance Agents Of Westchester County Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Independent Insurance Agents Of Westchester County Inc (EIN: 133229227) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Independent Insurance Agents Of Westchester County Inc a good charity to donate to?
Independent Insurance Agents Of Westchester County Inc has a Mission Score of 85/100. Revenue: $162K. Assets: $32K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Independent Insurance Agents Of Westchester County Inc?
The Employer Identification Number (EIN) for Independent Insurance Agents Of Westchester County Inc is 133229227. 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 Independent Insurance Agents Of Westchester County Inc spend its money?
Independent Insurance Agents Of Westchester County Inc allocates 80% to programs, 20% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Independent Insurance Agents Of Westchester County Inc's tax-exempt status?
You can verify Independent Insurance Agents Of Westchester County Inc's tax-exempt status using EIN 133229227 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
Independent Insurance Agents Of Westchester County Inc operates with a relatively stable financial profile, consistently generating revenues around $150,000-$170,000 in most recent years, with expenses closely matching. For example, in 2023, revenue was $170,329 against expenses of $161,078, indicating a slight surplus. The organization maintains a modest asset base, with $38,572 in assets in 2023, and consistently reports zero liabilities, which is a strong indicator of financial stability and low risk. This suggests a conservative financial management approach.
The organization's spending efficiency appears to be focused on its core operations, given the close alignment of revenues and expenses. Without a detailed breakdown of program vs. administrative expenses in the provided data, it's challenging to precisely assess spending efficiency. However, the consistent lack of officer compensation reported across all filings (0%) suggests that a significant portion of its operational costs are not directed towards high executive salaries, which is a positive sign for donor confidence. The organization's consistent filing of IRS Form 990s demonstrates a commitment to regulatory transparency.
Overall, the organization exhibits sound financial management with a consistent revenue stream, controlled expenses, and no reported liabilities. The absence of officer compensation is a notable strength regarding resource allocation. While a detailed program spending ratio would further clarify efficiency, the available data points to a well-managed, low-risk entity.