Is Society Of American Magicians Parent Assembly No 1 Inc Legit?
Quick charity verification for Society Of American Magicians Parent Assembly No 1 Inc (EIN: 136144414)
Verdict: Society Of American Magicians Parent Assembly No 1 Inc appears trustworthy
85/100Mission Score
$80KRevenue
$725KAssets
2Red Flags
5Strengths
Red Flags
Lack of detailed expense breakdown (program vs. admin vs. fundraising) in public filings
NTEE code is unknown, limiting understanding of specific mission focus
Strengths
Consistent asset growth, from $431,731 in 2016 to $565,119 in 2023
Zero liabilities reported across all filings, indicating strong financial health
0% officer compensation, suggesting volunteer leadership and efficient use of funds
Expenses consistently lower than revenue in most recent years, leading to positive net income
Stable and predictable financial operations for its size
Spending Breakdown
How Society Of American Magicians Parent Assembly No 1 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 Society Of American Magicians Parent Assembly No 1 Inc
Is Society Of American Magicians Parent Assembly No 1 Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Society Of American Magicians Parent Assembly No 1 Inc (EIN: 136144414) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is Society Of American Magicians Parent Assembly No 1 Inc a good charity to donate to?
Society Of American Magicians Parent Assembly No 1 Inc has a Mission Score of 85/100. Revenue: $80K. Assets: $725K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Society Of American Magicians Parent Assembly No 1 Inc?
The Employer Identification Number (EIN) for Society Of American Magicians Parent Assembly No 1 Inc is 136144414. 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 Society Of American Magicians Parent Assembly No 1 Inc spend its money?
Society Of American Magicians Parent Assembly No 1 Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Society Of American Magicians Parent Assembly No 1 Inc's tax-exempt status?
You can verify Society Of American Magicians Parent Assembly No 1 Inc's tax-exempt status using EIN 136144414 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 Society Of American Magicians Parent Assembly No 1 Inc demonstrates consistent financial stability, with assets steadily growing over the past decade, reaching $565,119 in 2023. The organization consistently operates with zero liabilities, indicating a very healthy balance sheet. Revenue has fluctuated, with a notable increase to $25,197 in 2023 from $16,792 in 2021, and expenses have remained relatively low and stable, typically below $15,000 annually. This suggests efficient management of resources relative to its operational scale.
Given the available data, the organization appears to be financially sound and well-managed. The absence of reported officer compensation across all filings indicates that leadership is likely volunteer-based, which is a strong positive for donor confidence as it means more funds directly support the organization's activities. The consistent growth in assets, even with modest revenues, points to prudent financial stewardship and a focus on long-term sustainability. The organization's financial health is robust for its size, consistently maintaining a positive net income in most years.
However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is challenging. The NTEE code is also unknown, which limits understanding of its specific programmatic focus. Despite these minor data gaps, the overall financial picture is positive, characterized by strong asset growth, no debt, and efficient operations relative to its revenue base.