Is Latin American Legal Defense And Educational Fund Inc Legit?
Quick charity verification for Latin American Legal Defense And Educational Fund Inc (EIN: 202484231)
Verdict: Latin American Legal Defense And Educational Fund Inc appears trustworthy
90/100Mission Score
$705KRevenue
$603KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, from $142,987 in 2014 to $967,303 in 2023.
Significant asset growth, from $64,349 in 2014 to $728,958 in 2023.
0% officer compensation reported across all filing periods, indicating strong dedication to mission.
Positive net assets, with assets consistently exceeding liabilities.
Consistent filing of IRS 990s, demonstrating transparency and compliance.
Spending Breakdown
How Latin American Legal Defense And Educational Fund Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Legal Defense And Educational Fund Inc
Is Latin American Legal Defense And Educational Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Latin American Legal Defense And Educational Fund Inc (EIN: 202484231) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Latin American Legal Defense And Educational Fund Inc a good charity to donate to?
Latin American Legal Defense And Educational Fund Inc has a Mission Score of 90/100. Revenue: $705K. Assets: $603K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Latin American Legal Defense And Educational Fund Inc?
The Employer Identification Number (EIN) for Latin American Legal Defense And Educational Fund Inc is 202484231. 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 Legal Defense And Educational Fund Inc spend its money?
Latin American Legal Defense And Educational Fund Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Latin American Legal Defense And Educational Fund Inc's tax-exempt status?
You can verify Latin American Legal Defense And Educational Fund Inc's tax-exempt status using EIN 202484231 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 Legal Defense And Educational Fund Inc (LALDEF) demonstrates generally sound financial health, with a notable increase in revenue and assets over the past decade. In the latest filing period (202306), the organization reported revenue of $967,303 against expenses of $906,295, resulting in a surplus. Its assets have grown significantly from $64,349 in 2014 to $728,958 in 2023, indicating a strengthening financial position. The organization consistently reports 0% officer compensation, which is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries.
While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the consistent reporting of 0% officer compensation suggests a focus on efficient resource allocation. The organization's liabilities have also increased alongside its growth, reaching $303,975 in 2023, but remain manageable relative to its assets. The consistent filing of IRS Form 990s over 12 periods demonstrates a commitment to regulatory compliance and financial transparency.
Overall, LALDEF appears to be a financially stable and growing organization. Its consistent revenue growth, increasing asset base, and lack of executive compensation suggest a well-managed entity focused on its mission. Further analysis of detailed expense categories would provide a more granular understanding of spending efficiency.