Is Oklahoma Burglar & Fire Alarm Association Inc Legit?
Quick charity verification for Oklahoma Burglar & Fire Alarm Association Inc (EIN: 20583241)
Verdict: Oklahoma Burglar & Fire Alarm Association Inc appears trustworthy
92/100Mission Score
$217KRevenue
$471KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, from $55,735 in 2014 to $171,823 in 2023.
Strong asset accumulation, increasing from $48,410 in 2014 to $374,412 in 2023.
Zero liabilities reported across all filings, indicating excellent financial health.
0% officer compensation, suggesting volunteer leadership and high operational efficiency.
Expenses consistently below revenue, allowing for healthy reserves and growth.
Spending Breakdown
How Oklahoma Burglar & Fire Alarm Association Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Oklahoma Burglar & Fire Alarm Association Inc
Is Oklahoma Burglar & Fire Alarm Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Oklahoma Burglar & Fire Alarm Association Inc (EIN: 20583241) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Oklahoma Burglar & Fire Alarm Association Inc a good charity to donate to?
Oklahoma Burglar & Fire Alarm Association Inc has a Mission Score of 92/100. Revenue: $217K. Assets: $471K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Oklahoma Burglar & Fire Alarm Association Inc?
The Employer Identification Number (EIN) for Oklahoma Burglar & Fire Alarm Association Inc is 20583241. 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 Oklahoma Burglar & Fire Alarm Association Inc spend its money?
Oklahoma Burglar & Fire Alarm Association Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Oklahoma Burglar & Fire Alarm Association Inc's tax-exempt status?
You can verify Oklahoma Burglar & Fire Alarm Association Inc's tax-exempt status using EIN 20583241 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 Oklahoma Burglar & Fire Alarm Association Inc (OBFAA) demonstrates consistent financial growth and stability over the past decade. Revenue has steadily increased from $55,735 in 2014 to $171,823 in 2023, with assets growing significantly from $48,410 to $374,412 in the same period. The organization consistently operates with zero liabilities, indicating a very strong balance sheet and responsible financial management. Their expenses have generally remained well below revenue, allowing for asset accumulation.
Regarding spending efficiency, the OBFAA's filings consistently show no officer compensation, which is a strong indicator of volunteer-driven leadership and a commitment to minimizing administrative overhead. While specific program spending percentages are not detailed in the provided summary, the absence of officer compensation suggests a high proportion of funds are likely directed towards their mission. The organization's financial health appears robust, with a clear trend of increasing resources.
Transparency is high given the consistent filing of IRS Form 990s and the clear financial data provided. The lack of liabilities and officer compensation are positive indicators for donors and stakeholders seeking an organization with sound financial practices and a focus on its stated purpose.