Is National Association Of Asian American Professionals Inc Legit?

Quick charity verification for National Association Of Asian American Professionals Inc (EIN: 113490724)

Verdict: National Association Of Asian American Professionals Inc appears trustworthy

90/100Mission Score
$720KRevenue
$596KAssets
0Red Flags
5Strengths

No red flags identified.

Strengths

Spending Breakdown

How National Association Of Asian American Professionals 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 National Association Of Asian American Professionals Inc

Is National Association Of Asian American Professionals Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, National Association Of Asian American Professionals Inc (EIN: 113490724) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.

Is National Association Of Asian American Professionals Inc a good charity to donate to?

National Association Of Asian American Professionals Inc has a Mission Score of 90/100. Revenue: $720K. Assets: $596K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for National Association Of Asian American Professionals Inc?

The Employer Identification Number (EIN) for National Association Of Asian American Professionals Inc is 113490724. 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 National Association Of Asian American Professionals Inc spend its money?

National Association Of Asian American Professionals Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify National Association Of Asian American Professionals Inc's tax-exempt status?

You can verify National Association Of Asian American Professionals Inc's tax-exempt status using EIN 113490724 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 National Association Of Asian American Professionals Inc (NAAAP) demonstrates a generally healthy financial trajectory, marked by significant revenue growth in recent years. Their revenue surged from $236,796 in 2020 to $1,046,265 in 2023, indicating strong fundraising or program expansion. The organization consistently maintains a positive net asset position, with assets growing from $301,437 in 2020 to $813,780 in 2023, suggesting sound financial management and accumulation of reserves. Their liabilities have also increased, reaching $239,450 in 2023, which warrants monitoring but is not disproportionate to their asset growth. Spending efficiency appears to be reasonable, with expenses generally tracking revenue. For instance, in 2023, expenses were $910,732 against revenues of $1,046,265, leaving a healthy surplus. A notable strength is the consistent reporting of 0% officer compensation across all available filings, which is a strong indicator of volunteer leadership and efficient use of funds for mission-related activities rather than executive salaries. This practice significantly enhances their transparency and demonstrates a commitment to directing resources towards their programs. Overall, NAAAP exhibits good financial health and spending efficiency, particularly given the absence of executive compensation. The consistent growth in revenue and assets, coupled with a clear commitment to volunteer leadership, paints a positive picture of the organization's financial stewardship and dedication to its mission. The detailed financial filings provide sufficient data for a thorough analysis, indicating a good level of transparency.

View Full Transparency Report →

Disclaimer

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

Related Pages