Quick charity verification for Staples Diamond Club Inc (EIN: 202189065)
Verdict: Staples Diamond Club Inc appears trustworthy
85/100Mission Score
$116KRevenue
$39KAssets
1Red Flags
4Strengths
Red Flags
Significant asset decrease in 2023 due to expenses exceeding revenue ($166,863 vs $142,982).
Strengths
Consistent 0% officer compensation, indicating high efficiency and volunteer leadership.
No reported liabilities across all filing periods, demonstrating strong financial management.
Consistent IRS 990 filing history, indicating good transparency.
Historically, revenues have often covered or exceeded expenses, showing general financial prudence.
Spending Breakdown
How Staples Diamond Club 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 Staples Diamond Club Inc
Is Staples Diamond Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Staples Diamond Club Inc (EIN: 202189065) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Staples Diamond Club Inc a good charity to donate to?
Staples Diamond Club Inc has a Mission Score of 85/100. Revenue: $116K. Assets: $39K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Staples Diamond Club Inc?
The Employer Identification Number (EIN) for Staples Diamond Club Inc is 202189065. 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 Staples Diamond Club Inc spend its money?
Staples Diamond Club Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Staples Diamond Club Inc's tax-exempt status?
You can verify Staples Diamond Club Inc's tax-exempt status using EIN 202189065 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
Staples Diamond Club Inc. demonstrates a generally stable financial profile, with revenues fluctuating but often exceeding expenses in recent years, indicating a capacity to cover operational costs. For instance, in 2022, revenue was $100,133 against expenses of $98,604. However, the most recent filing (2023) shows expenses of $166,863 exceeding revenue of $142,982, leading to a decrease in assets from $31,453 in 2022 to $7,572 in 2023. This suggests a period of deficit spending that warrants monitoring.
The organization's spending efficiency appears to be strong, particularly given that officer compensation has consistently been reported as 0% across all available filings. This indicates that the organization is likely volunteer-led or has a very lean administrative structure, maximizing the proportion of funds available for its programs. The absence of liabilities across all reported periods further underscores a fiscally responsible approach. Transparency is high due to consistent filing of IRS Form 990s and the clear reporting of financial metrics, including zero officer compensation.
While the organization's assets have seen some volatility, from a high of $70,596 in 2020 to a low of $7,572 in 2023, the overall trend suggests a small to medium-sized operation with modest reserves. The consistent lack of liabilities is a significant positive indicator of financial health and prudent management. The recent dip in assets due to higher expenses in 2023 should be observed in future filings to ensure it's an anomaly rather than a trend.