Quick charity verification for South Bend Firefighters Associationinc (EIN: 208852625)
Verdict: South Bend Firefighters Associationinc appears trustworthy
70/100Mission Score
$132KRevenue
$45KAssets
3Red Flags
3Strengths
Red Flags
Significant liabilities reported in 2019 and 2020 ($152,194) relative to assets and revenue.
Periods of substantial net losses, such as in 2020 where expenses ($98,991) far exceeded revenue ($32,231).
Fluctuating financial performance over the past decade, indicating potential instability.
Strengths
Consistent reporting of 0% officer compensation, indicating efficient use of funds for mission.
Recent trend of positive net income in 2022 and 2023, suggesting improved financial management.
Growth in assets from $8,615 in 2020 to $63,038 in 2023, indicating financial recovery and stability.
Spending Breakdown
How South Bend Firefighters Associationinc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
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 South Bend Firefighters Associationinc
Is South Bend Firefighters Associationinc a legitimate charity?
Based on AI analysis of IRS 990 filings, South Bend Firefighters Associationinc (EIN: 208852625) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is South Bend Firefighters Associationinc a good charity to donate to?
South Bend Firefighters Associationinc has a Mission Score of 70/100. Revenue: $132K. Assets: $45K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for South Bend Firefighters Associationinc?
The Employer Identification Number (EIN) for South Bend Firefighters Associationinc is 208852625. 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 Bend Firefighters Associationinc spend its money?
South Bend Firefighters Associationinc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify South Bend Firefighters Associationinc's tax-exempt status?
You can verify South Bend Firefighters Associationinc's tax-exempt status using EIN 208852625 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 Bend Firefighters Association Inc. demonstrates a fluctuating financial history, with recent years showing positive net income. For instance, in 2023, revenue was $69,087 against expenses of $61,823, and in 2022, revenue was $90,482 against expenses of $54,381. This indicates a move towards financial stability after periods of significant deficits, such as in 2020 where expenses ($98,991) far exceeded revenue ($32,231). The organization consistently reports zero officer compensation, which is a positive indicator for donor confidence regarding executive pay. However, the lack of detailed expense breakdowns in the provided data makes a precise assessment of spending efficiency challenging. The organization's assets have also shown growth in recent years, reaching $63,038 in 2023, up from $8,615 in 2020, suggesting improved financial health and asset management.