Is United States Soybean Export Council Inc Legit?
Quick charity verification for United States Soybean Export Council Inc (EIN: 202462213)
Verdict: United States Soybean Export Council Inc appears trustworthy
95/100Mission Score
$80.4MRevenue
$29.4MAssets
1Red Flags
5Strengths
Red Flags
Consistent 'Officer Comp=0%' across all filings is unusual for an organization of this size and warrants further investigation into how leadership is compensated or structured.
Strengths
Exceptional program spending efficiency, with expenses consistently tracking very close to revenue (e.g., 2023: $75.5M revenue, $75.1M expenses).
Strong and consistent revenue growth over the past decade, indicating increasing impact and support.
Healthy asset growth, demonstrating sound financial management and capacity.
Consistent filing history (13 filings) indicates good transparency and compliance.
Reported zero officer compensation, suggesting high resource allocation directly to mission (pending further clarification).
Spending Breakdown
How United States Soybean Export Council Inc allocates its funds across programs, administration, and fundraising.
99%
Program Spending
Healthy — majority goes to mission
1%
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 United States Soybean Export Council Inc
Is United States Soybean Export Council Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, United States Soybean Export Council Inc (EIN: 202462213) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
Is United States Soybean Export Council Inc a good charity to donate to?
United States Soybean Export Council Inc has a Mission Score of 95/100. Revenue: $80.4M. Assets: $29.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for United States Soybean Export Council Inc?
The Employer Identification Number (EIN) for United States Soybean Export Council Inc is 202462213. 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 United States Soybean Export Council Inc spend its money?
United States Soybean Export Council Inc allocates 99% to programs, 1% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify United States Soybean Export Council Inc's tax-exempt status?
You can verify United States Soybean Export Council Inc's tax-exempt status using EIN 202462213 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 United States Soybean Export Council Inc (USSEC) demonstrates strong financial health and consistent growth, with revenue increasing from $33.7 million in 2014 to over $80.4 million currently. The organization consistently spends nearly all of its revenue on its mission, as evidenced by expenses closely tracking revenue across all reported periods (e.g., $75.5 million revenue vs. $75.1 million expenses in 2023). This indicates efficient use of funds with minimal surplus accumulation, aligning with a non-profit's operational model. The consistent 'Officer Comp=0%' across all filings suggests that executive compensation is either not reported in this section or is negligible, which is a positive indicator for transparency and resource allocation directly to programs.
USSEC's asset base has grown steadily in line with its revenue, from $13.2 million in 2014 to $29.3 million currently, indicating sound financial management and capacity. Liabilities have also increased proportionally, suggesting that the organization is managing its financial obligations effectively as it scales. The organization's NTEE code S40 (International, Foreign Affairs & National Security) aligns with its mission of promoting U.S. soybean exports, suggesting a clear program focus. The consistent financial reporting over 13 filings further enhances its transparency profile.