Is National Coalition Of Black Meeting Planners Inc Legit?
Quick charity verification for National Coalition Of Black Meeting Planners Inc (EIN: 112707016)
Verdict: National Coalition Of Black Meeting Planners Inc appears trustworthy
90/100Mission Score
$1.4MRevenue
$449KAssets
1Red Flags
5Strengths
Red Flags
Unusually low or zero reported officer compensation, which might indicate compensation is reported under other expense categories or a fully volunteer-led executive team.
Strengths
Significant revenue growth in the latest filing period (202312) to $1,236,531.
Consistent reporting of $0 liabilities across all filings, indicating strong financial management and no debt.
Substantial increase in assets to $570,679 in 202312, enhancing financial stability.
Consistent 0% officer compensation, suggesting a high dedication of funds to the mission or a volunteer-driven leadership.
Positive net income in the latest period ($1,236,531 revenue vs. $775,264 expenses), demonstrating fiscal responsibility.
Spending Breakdown
How National Coalition Of Black Meeting Planners 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 Coalition Of Black Meeting Planners Inc
Is National Coalition Of Black Meeting Planners Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, National Coalition Of Black Meeting Planners Inc (EIN: 112707016) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is National Coalition Of Black Meeting Planners Inc a good charity to donate to?
National Coalition Of Black Meeting Planners Inc has a Mission Score of 90/100. Revenue: $1.4M. Assets: $449K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for National Coalition Of Black Meeting Planners Inc?
The Employer Identification Number (EIN) for National Coalition Of Black Meeting Planners Inc is 112707016. 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 Coalition Of Black Meeting Planners Inc spend its money?
National Coalition Of Black Meeting Planners Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify National Coalition Of Black Meeting Planners Inc's tax-exempt status?
You can verify National Coalition Of Black Meeting Planners Inc's tax-exempt status using EIN 112707016 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 Coalition Of Black Meeting Planners Inc has demonstrated significant financial growth in its latest filing period (202312), with revenue surging to $1,236,531 from $300,783 in the prior year. This growth is accompanied by a healthy surplus, as expenses were $775,264, indicating efficient management of its increased income. The organization consistently reports $0 in liabilities across all available filings, suggesting a strong balance sheet and fiscal responsibility. Its assets have also grown substantially, reaching $570,679 in 202312, up from $127,303 in 202212.
Spending efficiency appears strong, particularly in the most recent period where expenses were well below revenue. The consistent reporting of 0% officer compensation across all filings is a notable indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. This practice enhances donor confidence and suggests a volunteer-driven or very lean leadership structure.
Overall, the organization exhibits good financial health, marked by substantial revenue growth, a positive financial position with no reported liabilities, and a clear commitment to transparency regarding executive compensation. The significant increase in assets further solidifies its financial standing and capacity for future programming.