Is South Asian Bar Association Of Connecticut Inc Legit?
Quick charity verification for South Asian Bar Association Of Connecticut Inc (EIN: 201540303)
Verdict: South Asian Bar Association Of Connecticut Inc appears trustworthy
90/100Mission Score
$59KRevenue
$55KAssets
1Red Flags
4Strengths
Red Flags
Latest period (202312) shows expenses ($36,330) exceeding revenue ($29,700), resulting in a deficit for that year.
Strengths
Consistent asset growth from $16,166 in 2017 to $55,168 currently.
Zero liabilities reported across all filings, indicating strong financial stability.
0% officer compensation across all reported periods, demonstrating volunteer leadership and efficient use of funds.
Strong program focus implied by NTEE code S40 (Legal Services) and absence of executive compensation.
Spending Breakdown
How South Asian Bar Association Of Connecticut Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 South Asian Bar Association Of Connecticut Inc
Is South Asian Bar Association Of Connecticut Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, South Asian Bar Association Of Connecticut Inc (EIN: 201540303) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is South Asian Bar Association Of Connecticut Inc a good charity to donate to?
South Asian Bar Association Of Connecticut Inc has a Mission Score of 90/100. Revenue: $59K. Assets: $55K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for South Asian Bar Association Of Connecticut Inc?
The Employer Identification Number (EIN) for South Asian Bar Association Of Connecticut Inc is 201540303. 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 South Asian Bar Association Of Connecticut Inc spend its money?
South Asian Bar Association Of Connecticut Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify South Asian Bar Association Of Connecticut Inc's tax-exempt status?
You can verify South Asian Bar Association Of Connecticut Inc's tax-exempt status using EIN 201540303 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 South Asian Bar Association Of Connecticut Inc (SABA-CT) demonstrates a generally healthy financial position, with assets growing from $16,166 in 2017 to $55,168 currently, indicating good financial management and accumulation of resources. The organization has consistently reported zero liabilities across all available filings, which is a strong indicator of financial stability and responsible fiscal practices. While the latest filing (202312) shows expenses ($36,330) exceeding revenue ($29,700), leading to a deficit for that period, this appears to be an anomaly compared to previous years where revenue significantly outpaced expenses (e.g., 202212 revenue of $27,131 vs. expenses of $7,883). The organization's consistent reporting of 0% officer compensation across all filings highlights a commitment to volunteer leadership and ensures that all funds are directed towards its mission rather than executive salaries, which is a positive sign for spending efficiency and donor confidence. The NTEE code S40 (Legal Services) suggests a clear program focus, and the absence of officer compensation further reinforces that resources are likely allocated to program delivery.