Is Plastics Industry Association Inc Legit?…

Quick charity verification for Plastics Industry Association Inc (EIN: 131325282)

Red Flags

Liabilities exceeding assets in 2023 ($54,111,230 vs $52,835,415), indicating potential solvency issues.
Consistent reporting of 0% officer compensation, which is highly unusual and raises transparency questions.
Significant year-over-year financial volatility, with large deficits in multiple years (e.g., 2023, 2021, 2020, 2019, 2018, 2016, 2015).
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering a full assessment of spending efficiency.

Spending Breakdown

How Plastics Industry Association Inc allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

Admin Costs

Reasonable — admin costs in check

10%

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 Plastics Industry Association Inc

Is Plastics Industry Association Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Plastics Industry Association Inc (EIN: 131325282) shows mixed signals. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.

Is Plastics Industry Association Inc a good charity to donate to?

Plastics Industry Association Inc has a Mission Score of 55/100. Revenue: $91.2M. Assets: $39.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Plastics Industry Association Inc?

The Employer Identification Number (EIN) for Plastics Industry Association Inc is 131325282. 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 Plastics Industry Association Inc spend its money?

Plastics Industry Association Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Plastics Industry Association Inc's tax-exempt status?

You can verify Plastics Industry Association Inc's tax-exempt status using EIN 131325282 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 Plastics Industry Association Inc. exhibits fluctuating financial performance over the past decade, with significant swings in revenue and expenses. For instance, in 2023, the organization reported revenues of $11,591,889 against expenses of $20,414,928, indicating a substantial deficit. This contrasts sharply with 2022, where revenue of $33,723,844 significantly outpaced expenses of $18,111,842. The organization's assets have also shown considerable volatility, peaking at $52,835,415 in 2023 but also experiencing periods of lower asset bases. The consistent reporting of 0% for officer compensation across all available filings suggests either that executive compensation is not reported in this category or that it is indeed zero, which would be unusual for an organization of this size and revenue. This lack of detail on executive compensation could be a transparency concern.

The organization's financial health appears to be heavily influenced by its revenue cycles, which seem to be event-driven, as evidenced by the large revenue spikes in 2017, 2014, and 2022. The significant liabilities reported in recent years, such as $54,111,230 in 2023, exceeding assets of $52,835,415, raise questions about its long-term financial stability and solvency. While the organization consistently files its IRS 990s, the absence of detailed spending breakdowns (e.g., program vs. administrative vs. fundraising) in the provided data limits a thorough assessment of its spending efficiency. The consistent 'Officer Comp=0%' across all filings is a notable data point that warrants further investigation for complete transparency.

Given the available data, it's challenging to definitively assess spending efficiency without a breakdown of expenses into program, administrative, and fundraising categories. The organization's financial health appears cyclical, with periods of strong revenue generation followed by periods of significant deficits. The high liabilities in recent years, particularly in 2023, where liabilities exceeded assets, are a significant concern. The lack of reported officer compensation in the provided data, if accurate, would be highly unusual for an organization with revenues often exceeding $10 million.

Is Plastics Industry Association Inc Legit?

Verdict: Plastics Industry Association Inc shows mixed signals