Quick charity verification for Society Of Black Academic Surgeons Inc (EIN: 161444395)
Verdict: Society Of Black Academic Surgeons Inc appears trustworthy
90/100Mission Score
$693KRevenue
$2.1MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, increasing from $204,150 in 2020 to $745,681 in 2023.
Significant asset growth, from $562,132 in 2020 to $1,982,045 in 2023.
No reported officer compensation, indicating a volunteer-driven leadership and high efficiency.
Strong financial surpluses in recent years, with revenues consistently exceeding expenses.
Low expense ratio relative to revenue, suggesting efficient use of funds.
Spending Breakdown
How Society Of Black Academic Surgeons 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 Black Academic Surgeons Inc
Is Society Of Black Academic Surgeons Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Society Of Black Academic Surgeons Inc (EIN: 161444395) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Society Of Black Academic Surgeons Inc a good charity to donate to?
Society Of Black Academic Surgeons Inc has a Mission Score of 90/100. Revenue: $693K. Assets: $2.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Society Of Black Academic Surgeons Inc?
The Employer Identification Number (EIN) for Society Of Black Academic Surgeons Inc is 161444395. 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 Black Academic Surgeons Inc spend its money?
Society Of Black Academic Surgeons 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 Black Academic Surgeons Inc's tax-exempt status?
You can verify Society Of Black Academic Surgeons Inc's tax-exempt status using EIN 161444395 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 Black Academic Surgeons Inc demonstrates strong financial health and efficient spending based on its recent IRS 990 filings. In the 2023 fiscal period, the organization reported revenues of $745,681 against expenses of $303,107, indicating a significant surplus that contributes to asset growth. This trend of revenue exceeding expenses is consistent across recent years, with assets growing from $562,132 in 2020 to $1,982,045 in 2023. The organization's program spending appears robust, as evidenced by the low overall expense ratios relative to revenue. The absence of reported officer compensation across all available filings suggests a volunteer-driven leadership, which enhances financial efficiency and transparency. While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the overall financial picture points to a well-managed and fiscally responsible organization.