Quick charity verification for Msea Building Associates (EIN: 10416938)
Verdict: Msea Building Associates appears trustworthy
70/100Mission Score
$708KRevenue
$1.7MAssets
3Red Flags
3Strengths
Red Flags
Significant and rapid increase in liabilities without clear explanation in the provided data (from $0 in 2020 to $1,336,903 in 2023).
Unknown NTEE code, hindering comparative analysis with peer organizations.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, making spending efficiency difficult to fully assess.
Strengths
Consistent 0% officer compensation, indicating efficient use of funds for mission-related activities.
Significant growth in revenue and assets in recent years, suggesting expanding operations and capacity.
Generally positive net income in recent periods (e.g., $14,139 in 2023, $13,467 in 2020), demonstrating financial sustainability.
Spending Breakdown
How Msea Building Associates allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Msea Building Associates
Is Msea Building Associates a legitimate charity?
Based on AI analysis of IRS 990 filings, Msea Building Associates (EIN: 10416938) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is Msea Building Associates a good charity to donate to?
Msea Building Associates has a Mission Score of 70/100. Revenue: $708K. Assets: $1.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Msea Building Associates?
The Employer Identification Number (EIN) for Msea Building Associates is 10416938. 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 Msea Building Associates spend its money?
Msea Building Associates allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Msea Building Associates's tax-exempt status?
You can verify Msea Building Associates's tax-exempt status using EIN 10416938 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
Msea Building Associates exhibits a fluctuating financial performance over the past decade, with recent years showing a significant increase in both revenue and expenses. For instance, revenue jumped from $95,075 in 2021 to $292,281 in 2023, indicating substantial growth. However, the organization's liabilities have also grown considerably, reaching $1,336,903 in 2023, which is a notable increase from previous years where liabilities were minimal or zero. This rapid increase in liabilities, especially in relation to assets, warrants closer examination to understand the nature of these obligations and their impact on long-term financial stability.
The organization consistently reports 0% officer compensation across all available filings, which is a positive indicator for resource allocation directly to its mission rather than executive salaries. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories in the provided data, it's challenging to fully assess spending efficiency. The NTEE code is unknown, which limits the ability to benchmark against similar organizations. The significant increase in assets from $229,783 in 2021 to $1,427,649 in 2023, alongside the rise in liabilities, suggests potential capital investments or expansion activities.
Overall, while the absence of officer compensation is a strength, the rapid increase in liabilities and the lack of detailed expense categorization make a comprehensive assessment of financial health and transparency difficult. Further information on the nature of the liabilities and a breakdown of expenses would be crucial for a complete understanding of Msea Building Associates' financial operations and its commitment to its mission.