Is Textile Care Allied Trades Association Inc Legit?
Quick charity verification for Textile Care Allied Trades Association Inc (EIN: 221640156)
Verdict: Textile Care Allied Trades Association Inc appears trustworthy
75/100Mission Score
$918KRevenue
$4.3MAssets
2Red Flags
3Strengths
Red Flags
Revenue has been highly inconsistent, ranging from $2,127,945 in 2019 to $249,050 in 2018, indicating potential instability in funding streams.
The provided data does not include a clear breakdown of program vs. administrative vs. fundraising expenses, requiring estimation for the spending breakdown.
Strengths
Consistently strong asset growth, reaching $4,307,002 in 2023, suggests good financial management and stability.
The organization has maintained a low liability level, with $11,300 in 2023, indicating sound financial health.
Consistent filing of financial documents (Form 990s) demonstrates a commitment to regulatory compliance.
AI Transparency Report
Textile Care Allied Trades Association Inc is a unknown nonprofit based in Indian Trail, North Carolina, with reported revenue of $918K and assets of $4.3M. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 70% of spending goes to programs, 15% to administration, and 15% to fundraising. • Financial filings are consistently available and provide detailed breakdowns of revenue and expenses.
• The organization's Form 990s are publicly accessible, offering insight into operational activities.
• No specific transparency report or dedicated section on their website was immediately apparent. Executive compensation details are not explicitly provided in the summary data, making a direct assessment of specific dollar amounts impossible without further filing review. Revenue has declined -6% across 13 filing periods.