Is Latin American Venture Capital Association Legit?
Quick charity verification for Latin American Venture Capital Association (EIN: 20638053)
Verdict: Latin American Venture Capital Association appears trustworthy
80/100Mission Score
$2.3MRevenue
$970KAssets
1Red Flags
3Strengths
Red Flags
Consistent 0% officer compensation reported, potentially obscuring true leadership costs or indicating reliance on volunteers for key roles in a multi-million dollar organization.
Strengths
Consistent revenue generation over a decade, demonstrating financial stability.
Steady growth in assets from $573,758 in 2010 to $969,736 in 2018.
Expenses generally managed in line with revenue, avoiding significant deficits over the long term.
Spending Breakdown
How Latin American Venture Capital 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 Venture Capital Association
Is Latin American Venture Capital Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Latin American Venture Capital Association (EIN: 20638053) appears trustworthy. Mission Score: 80/100. 1 red flag identified, 3 strengths noted.
Is Latin American Venture Capital Association a good charity to donate to?
Latin American Venture Capital Association has a Mission Score of 80/100. Revenue: $2.3M. Assets: $970K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Latin American Venture Capital Association?
The Employer Identification Number (EIN) for Latin American Venture Capital Association is 20638053. 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 Venture Capital Association spend its money?
Latin American Venture Capital 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 Venture Capital Association's tax-exempt status?
You can verify Latin American Venture Capital Association's tax-exempt status using EIN 20638053 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 Venture Capital Association (LAVCA) demonstrates consistent financial activity, with revenues generally exceeding or closely matching expenses over the past decade. For instance, in 2018, expenses of $2,315,778 slightly surpassed revenues of $2,276,940, indicating a minor deficit. However, in 2016, revenues of $2,309,863 exceeded expenses of $2,254,672, showing a surplus. The organization's assets have grown steadily from $573,758 in 2010 to $969,736 in 2018, while liabilities have also increased but remain manageable relative to assets. The consistent reporting of 0% officer compensation across all filings suggests either a volunteer-led executive team or that executive compensation is reported under other expense categories, which could impact transparency regarding leadership costs. Overall, LAVCA appears to be a financially stable organization with a consistent operational scale.