Is Transatlantic Business Council Legit? —…

Quick charity verification for Transatlantic Business Council (EIN: 133576444)

Spending Breakdown

How Transatlantic Business Council allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

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 Transatlantic Business Council

Is Transatlantic Business Council a legitimate charity?

Based on AI analysis of IRS 990 filings, Transatlantic Business Council (EIN: 133576444) shows mixed signals. Mission Score: 40/100. 4 red flags identified, 3 strengths noted.

Is Transatlantic Business Council a good charity to donate to?

Transatlantic Business Council has a Mission Score of 40/100. Revenue: $149K. Assets: $1K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Transatlantic Business Council?

The Employer Identification Number (EIN) for Transatlantic Business Council is 133576444. 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 Transatlantic Business Council spend its money?

Transatlantic Business Council allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Transatlantic Business Council's tax-exempt status?

You can verify Transatlantic Business Council's tax-exempt status using EIN 133576444 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 Transatlantic Business Council has experienced a significant decline in financial health over the past several years. Revenue has plummeted from a peak of $1,687,596 in 2014 to just $148,991 in 2022, representing a nearly 91% decrease. Concurrently, the organization has frequently operated at a deficit, with expenses exceeding revenue in 7 out of the last 10 reported periods, including a substantial deficit of $166,717 in 2022 (expenses of $315,708 against revenue of $148,991). This trend has severely eroded its asset base, which has fallen from over $1.2 million in 2013 to a mere $1,000 in 2022. 

The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent operational deficits suggest an inability to manage expenses within its declining revenue streams. The lack of reported officer compensation across all filings indicates a potential for volunteer leadership or compensation below reporting thresholds, which could be a positive for efficiency if other expenses are well-managed. 

Transparency appears to be adequate in terms of filing its IRS Form 990s consistently. However, the dramatic reduction in assets and revenue, coupled with persistent deficits, raises concerns about the long-term viability and financial stability of the organization. The absence of liabilities in recent years (2019-2022) is a positive sign, but the minimal asset base remains a significant concern.

Is Transatlantic Business Council Legit?

Verdict: Transatlantic Business Council shows mixed signals

Red Flags

Strengths