Is Institutional Longevty Markets Association Inc Legit?
Quick charity verification for Institutional Longevty Markets Association Inc (EIN: 208769162)
Verdict: Institutional Longevty Markets Association Inc shows mixed signals
65/100Mission Score
$229KRevenue
$170KAssets
3Red Flags
3Strengths
Red Flags
Significant increase in liabilities from $0 in 2020 to $110,620 in 2023 without clear explanation.
Fluctuating revenue streams, with a large spike in 2021 followed by a decline, indicating potential instability.
Lack of detailed functional expense breakdown in summary data makes it difficult to fully assess spending efficiency.
Strengths
Consistent filing of IRS Form 990s demonstrates transparency.
Reported 0% officer compensation across all filings suggests a lean executive cost structure.
Assets have shown growth over the decade, from $75,141 in 2014 to $204,475 in 2023.
Spending Breakdown
How Institutional Longevty Markets Association Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Institutional Longevty Markets Association Inc
Is Institutional Longevty Markets Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Institutional Longevty Markets Association Inc (EIN: 208769162) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Institutional Longevty Markets Association Inc a good charity to donate to?
Institutional Longevty Markets Association Inc has a Mission Score of 65/100. Revenue: $229K. Assets: $170K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Institutional Longevty Markets Association Inc?
The Employer Identification Number (EIN) for Institutional Longevty Markets Association Inc is 208769162. 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 Institutional Longevty Markets Association Inc spend its money?
Institutional Longevty Markets Association Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Institutional Longevty Markets Association Inc's tax-exempt status?
You can verify Institutional Longevty Markets Association Inc's tax-exempt status using EIN 208769162 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 Institutional Longevity Markets Association Inc (ILMA) demonstrates fluctuating financial health over the past decade. While the organization reported a surplus in 2023 ($303,919 revenue vs. $275,989 expenses), it experienced a deficit in 2022 ($218,702 revenue vs. $311,473 expenses) and 2021 saw a significant revenue spike to $631,686, followed by a return to lower levels. The organization's assets have grown from $75,141 in 2014 to $204,475 in 2023, indicating some financial stability, but liabilities have also increased significantly, reaching $110,620 in 2023 from $0 in 2020. This suggests a reliance on debt or deferred revenue in recent years.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of 0% officer compensation across all filings suggests a lean operational structure at the executive level, which is a positive indicator for efficiency. The organization's NTEE code S41 (Business & Professional Associations) implies its primary activities are likely advocacy and industry support, which may not involve direct service delivery in the traditional sense.
Transparency appears to be adequate given the consistent filing of IRS Form 990s over a long period. The absence of officer compensation is clearly stated, which is a key transparency point. However, a more detailed functional expense breakdown would enhance understanding of how funds are allocated across its mission, administration, and fundraising efforts. The significant increase in liabilities in recent years warrants further scrutiny to understand their nature and impact on long-term financial health.