Is Komatsu Mining Corp Legit?

Quick charity verification for Komatsu Mining Corp (EIN: 20788073)

Verdict: Komatsu Mining Corp appears trustworthy

85/100Mission Score

$7.2MRevenue

$10.6MAssets

3Red Flags

4Strengths

Red Flags

NTEE code Y43 ('Other') provides no specific mission clarity, which can hinder understanding of program impact.
The name 'Komatsu Mining Corp' is highly unusual for a nonprofit and could cause confusion regarding its charitable purpose.
Consistent operational deficits in multiple years (e.g., 2023, 2022, 2019, 2018, 2017) suggest a reliance on past surpluses or asset drawdowns, which may not be sustainable long-term without consistent revenue generation.

Strengths

Strong asset base, consistently over $9 million, providing financial stability.
Zero liabilities reported across all filings, indicating excellent financial management and no debt burden.
0% officer compensation, suggesting highly efficient use of funds at the executive level and strong transparency.
Significant surpluses in certain years (e.g., 2021: $663,136 surplus; 2016: $1,310,933 surplus) demonstrate capacity for strong financial performance.

Spending Breakdown

How Komatsu Mining Corp 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 Komatsu Mining Corp

Is Komatsu Mining Corp a legitimate charity?

Based on AI analysis of IRS 990 filings, Komatsu Mining Corp (EIN: 20788073) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.

Is Komatsu Mining Corp a good charity to donate to?

Komatsu Mining Corp has a Mission Score of 85/100. Revenue: $7.2M. Assets: $10.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Komatsu Mining Corp?

The Employer Identification Number (EIN) for Komatsu Mining Corp is 20788073. 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 Komatsu Mining Corp spend its money?

Komatsu Mining Corp allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Komatsu Mining Corp's tax-exempt status?

You can verify Komatsu Mining Corp's tax-exempt status using EIN 20788073 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

Komatsu Mining Corp, despite its name suggesting a for-profit entity, operates as a nonprofit with a consistent asset base around $9-12 million over the past decade. The organization's financial health shows some volatility in revenue and expenses. For instance, in 2023, expenses ($834,078) exceeded revenue ($695,844), indicating a deficit for that year. This trend of expenses exceeding revenue is also observed in 2022, 2019, 2018, and 2017, suggesting a reliance on prior year surpluses or asset drawdowns in certain periods. However, there were also years of significant surpluses, such as 2021 (revenue $1,341,537 vs. expenses $678,401) and 2016 (revenue $2,619,998 vs. expenses $1,309,065), which likely contribute to the stability of its asset base.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess. However, the consistent reporting of 0% officer compensation across all available filings suggests a lean operational structure at the executive level, which is a positive indicator for efficiency and donor trust. The organization consistently reports $0 in liabilities, which is a strong sign of financial stability and responsible management, avoiding debt burdens. The lack of officer compensation also points to a high degree of transparency in executive remuneration.

Overall, Komatsu Mining Corp appears to be a financially stable organization with a healthy asset base and a commendable record of zero liabilities and officer compensation. While some years show operational deficits, these are offset by periods of strong surpluses, maintaining its long-term financial viability. The absence of officer compensation is a significant strength in terms of transparency and efficient use of funds.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.