Is Latin American And Caribbean Economic Association Legit?
Quick charity verification for Latin American And Caribbean Economic Association (EIN: 133999267)
Verdict: Latin American And Caribbean Economic Association appears trustworthy
80/100Mission Score
$243KRevenue
$914KAssets
2Red Flags
4Strengths
Red Flags
Lack of detailed functional expense breakdown makes program efficiency difficult to fully assess.
Consistent 0% officer compensation is unusual and may warrant further inquiry into how leadership is compensated or if it's entirely volunteer-driven.
Strengths
Consistent asset growth, reaching $919,561 in 2023.
Very low liabilities, reported at $1,500 in 2023, indicating strong financial health.
Consistent reporting of 0% officer compensation, suggesting low overhead in this area.
Regular filing of IRS 990 forms, demonstrating compliance and basic transparency.
Spending Breakdown
How Latin American And Caribbean Economic Association allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
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 Latin American And Caribbean Economic Association
Is Latin American And Caribbean Economic Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Latin American And Caribbean Economic Association (EIN: 133999267) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
Is Latin American And Caribbean Economic Association a good charity to donate to?
Latin American And Caribbean Economic Association has a Mission Score of 80/100. Revenue: $243K. Assets: $914K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Latin American And Caribbean Economic Association?
The Employer Identification Number (EIN) for Latin American And Caribbean Economic Association is 133999267. 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 Latin American And Caribbean Economic Association spend its money?
Latin American And Caribbean Economic Association allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Latin American And Caribbean Economic Association's tax-exempt status?
You can verify Latin American And Caribbean Economic Association's tax-exempt status using EIN 133999267 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 Latin American And Caribbean Economic Association (LACEA) demonstrates a generally stable financial position with consistent asset growth over the past several years, reaching $919,561 in 2023. Revenue has fluctuated, with a notable dip in 2020 to $139,796, but has since recovered to $282,400 in 2023. The organization appears to manage its expenses effectively, with expenses in 2023 at $276,691, slightly below revenue, indicating operational sustainability. LACEA's liabilities are consistently low, reported at $1,500 in 2023, which is a positive indicator of financial health and low debt burden.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses from the provided data. However, the organization consistently reports 0% officer compensation, which suggests a volunteer-driven leadership or that compensation is covered by other means not reported as officer compensation. This could be a strength in terms of keeping overhead low, but also raises questions about the nature of its operational structure. The significant increase in assets from $575,732 in 2020 to $919,561 in 2023, alongside relatively stable revenue, suggests prudent financial management and accumulation of reserves.
Transparency regarding executive compensation is high, with a consistent 0% reported. However, without a detailed functional expense breakdown, it's challenging to fully evaluate the efficiency of program delivery versus administrative and fundraising costs. The consistent filing of IRS 990 forms over 13 periods indicates a commitment to regulatory compliance and basic financial transparency.