Is The Foundation Of Accounting And Financial Womens Alliance Legit?
Quick charity verification for The Foundation Of Accounting And Financial Womens Alliance (EIN: 201424537)
Verdict: The Foundation Of Accounting And Financial Womens Alliance appears trustworthy
90/100Mission Score
$79KRevenue
$208KAssets
1Red Flags
4Strengths
Red Flags
Minor deficit in the latest reporting period (202306), where expenses ($52,062) slightly exceeded revenue ($51,622).
Strengths
Consistent asset growth over the past decade, from $96,811 in 2014 to $207,957 currently.
0% officer compensation reported across all filings, indicating volunteer leadership and efficient use of funds.
Long and consistent IRS 990 filing history (13 filings), demonstrating transparency and compliance.
Generally operates with a surplus, contributing to financial stability and asset accumulation (e.g., 202206: Revenue=$64,274, Expenses=$37,162).
Spending Breakdown
How The Foundation Of Accounting And Financial Womens Alliance allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 The Foundation Of Accounting And Financial Womens Alliance
Is The Foundation Of Accounting And Financial Womens Alliance a legitimate charity?
Based on AI analysis of IRS 990 filings, The Foundation Of Accounting And Financial Womens Alliance (EIN: 201424537) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is The Foundation Of Accounting And Financial Womens Alliance a good charity to donate to?
The Foundation Of Accounting And Financial Womens Alliance has a Mission Score of 90/100. Revenue: $79K. Assets: $208K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Foundation Of Accounting And Financial Womens Alliance?
The Employer Identification Number (EIN) for The Foundation Of Accounting And Financial Womens Alliance is 201424537. 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 The Foundation Of Accounting And Financial Womens Alliance spend its money?
The Foundation Of Accounting And Financial Womens Alliance allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Foundation Of Accounting And Financial Womens Alliance's tax-exempt status?
You can verify The Foundation Of Accounting And Financial Womens Alliance's tax-exempt status using EIN 201424537 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 Foundation Of Accounting And Financial Womens Alliance demonstrates consistent financial stability with assets growing from $96,811 in 2014 to $207,957 currently. The organization generally operates with a surplus, as seen in 2022 where revenue was $64,274 against expenses of $37,162, indicating sound financial management. However, the latest period (202306) shows expenses ($52,062) slightly exceeding revenue ($51,622), a minor deficit that warrants monitoring but is not immediately concerning given the overall asset growth.
Spending efficiency appears strong, particularly with 0% officer compensation reported across all filings, suggesting a volunteer-driven leadership model which maximizes funds for programmatic activities. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the absence of paid executive compensation is a positive indicator of efficient resource allocation. The organization's consistent filing history over 13 periods reflects a commitment to transparency and regulatory compliance.
Overall, the organization appears to be financially healthy and well-managed, with a clear focus on its mission given the lack of executive compensation. Its steady asset growth and consistent revenue streams, despite some fluctuations, suggest a sustainable operational model. The minor deficit in the most recent period is a point to observe but does not overshadow the long-term positive financial trends.