Is Italian American Committee On Education Inc Legit?
Quick charity verification for Italian American Committee On Education Inc (EIN: 133191398)
Verdict: Italian American Committee On Education Inc appears trustworthy
92/100Mission Score
$1.9MRevenue
$1.2MAssets
1Red Flags
5Strengths
Red Flags
Significant increase in liabilities in 2023 ($878,702) compared to previous years (e.g., $34 in 2022), warranting further investigation into its nature.
Strengths
Consistent revenue generation, with 2023 revenue at $2,343,383.
Strong asset growth, reaching $1,764,908 in 2023 from minimal levels in prior years.
Consistent operating surpluses in recent years (e.g., $174,102 in 2023, $187,064 in 2022).
No reported officer compensation across all 14 filings, indicating high efficiency and dedication to mission.
Excellent program spending ratio due to minimal administrative and fundraising overhead.
Spending Breakdown
How Italian American Committee On Education Inc allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 Italian American Committee On Education Inc
Is Italian American Committee On Education Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Italian American Committee On Education Inc (EIN: 133191398) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Italian American Committee On Education Inc a good charity to donate to?
Italian American Committee On Education Inc has a Mission Score of 92/100. Revenue: $1.9M. Assets: $1.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Italian American Committee On Education Inc?
The Employer Identification Number (EIN) for Italian American Committee On Education Inc is 133191398. 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 Italian American Committee On Education Inc spend its money?
Italian American Committee On Education Inc allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Italian American Committee On Education Inc's tax-exempt status?
You can verify Italian American Committee On Education Inc's tax-exempt status using EIN 133191398 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 Italian American Committee On Education Inc (IACE) demonstrates generally sound financial health, with consistent revenue generation and a positive trend in asset growth over recent years. In 2023, the organization reported revenues of $2,343,383 against expenses of $2,169,281, indicating a surplus. Their assets have grown significantly from $27,116 in 2019 to $1,764,908 in 2023, suggesting effective financial management and accumulation of resources.
Spending efficiency appears strong, as evidenced by the consistent surpluses in most recent years. The organization's NTEE code A700 (Cultural & Ethnic Awareness) suggests a focus on program delivery, and the lack of reported officer compensation across all available filings indicates that a very high percentage of funds are likely directed towards their mission rather than executive salaries. This is a significant positive for spending efficiency.
Transparency is excellent regarding executive compensation, as no officer compensation has been reported in any of the 14 available filings. This suggests either a volunteer-led executive team or compensation below reporting thresholds, both of which contribute to a perception of high transparency and dedication to mission. The consistent filing of IRS 990s over many years also indicates a commitment to public accountability.