Is Society Of Chemical Manufacturers And…

Quick charity verification for Society Of Chemical Manufacturers And Affiliates Inc (EIN: 132903885)

Spending Breakdown

How Society Of Chemical Manufacturers And Affiliates 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 Society Of Chemical Manufacturers And Affiliates Inc

Is Society Of Chemical Manufacturers And Affiliates Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Society Of Chemical Manufacturers And Affiliates Inc (EIN: 132903885) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.

Is Society Of Chemical Manufacturers And Affiliates Inc a good charity to donate to?

Society Of Chemical Manufacturers And Affiliates Inc has a Mission Score of 65/100. Revenue: $7.5M. Assets: $21.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Society Of Chemical Manufacturers And Affiliates Inc?

The Employer Identification Number (EIN) for Society Of Chemical Manufacturers And Affiliates Inc is 132903885. 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 Chemical Manufacturers And Affiliates Inc spend its money?

Society Of Chemical Manufacturers And Affiliates Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Society Of Chemical Manufacturers And Affiliates Inc's tax-exempt status?

You can verify Society Of Chemical Manufacturers And Affiliates Inc's tax-exempt status using EIN 132903885 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 Chemical Manufacturers And Affiliates Inc (SOCMA) demonstrates a consistent financial pattern of operating at a deficit, with expenses frequently exceeding revenue. For instance, in 2023, expenses were $5,925,171 against revenues of $5,744,654, and similar trends are observed in prior years. Despite these operational deficits, the organization maintains substantial assets, consistently above $20 million in recent years, reaching $21,249,963 in its latest filing. This suggests a reliance on accumulated reserves or investment income to cover shortfalls, rather than solely on annual operating revenue.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise assessment is challenging. However, the consistent operational deficits raise questions about the long-term sustainability of its current spending levels relative to its revenue generation. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 14 filings available, indicating adherence to reporting requirements. The reported 0% officer compensation across all provided periods is a notable point, suggesting that executive compensation is either not reported under 'officer compensation' or is genuinely absent, which would be highly unusual for an organization of this size.

Overall, SOCMA appears to be a financially stable organization due to its significant asset base, despite its recurring operational deficits. Its transparency in filing is good, but further detail on expense allocation would be necessary for a complete assessment of spending efficiency. The consistent operational deficits, however, warrant closer examination to understand how the organization plans to achieve long-term financial equilibrium without depleting its substantial assets.

Is Society Of Chemical Manufacturers And Affiliates Inc Legit?

Verdict: Society Of Chemical Manufacturers And Affiliates Inc shows mixed signals

Red Flags

Strengths