Consistent growth in net assets, from $79,750 in 2014 to $266,669 in 2023.
0% reported officer compensation across all filings, indicating high efficiency.
Revenue growth, with the latest reported revenue of $451,166 significantly higher than previous years.
Expenses closely align with revenue in recent years (e.g., 2023: Revenue=$309,292, Expenses=$308,399), suggesting efficient utilization of funds.
Positive net assets maintained consistently over the past decade.
Spending Breakdown
How Paterson Alliance Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Paterson Alliance Inc
Is Paterson Alliance Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Paterson Alliance Inc (EIN: 20598570) appears trustworthy. Mission Score: 88/100. 0 red flags identified, 5 strengths noted.
Is Paterson Alliance Inc a good charity to donate to?
Paterson Alliance Inc has a Mission Score of 88/100. Revenue: $451K. Assets: $762K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Paterson Alliance Inc?
The Employer Identification Number (EIN) for Paterson Alliance Inc is 20598570. 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 Paterson Alliance Inc spend its money?
Paterson Alliance Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Paterson Alliance Inc's tax-exempt status?
You can verify Paterson Alliance Inc's tax-exempt status using EIN 20598570 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
Paterson Alliance Inc demonstrates a generally stable financial position with consistent revenue streams over the past decade, averaging around $240,000 annually, though the latest reported revenue of $451,166 indicates significant growth. The organization consistently maintains positive net assets, growing from $79,750 in 2014 to $266,669 in 2023, suggesting prudent financial management. Their spending efficiency appears strong, as evidenced by the 2023 filing where expenses ($308,399) are closely aligned with revenue ($309,292), indicating that funds are being utilized for operations. The absence of reported officer compensation across all available filings is a notable aspect of their financial transparency and operational model, suggesting a volunteer-driven or very lean leadership structure regarding direct salary. This practice can contribute to a higher percentage of funds being directed towards programs.