Is Women In Insurance And Financial Services Inc Legit?
Quick charity verification for Women In Insurance And Financial Services Inc (EIN: 222948363)
Verdict: Women In Insurance And Financial Services Inc appears trustworthy
85/100Mission Score
$26KRevenue
$206KAssets
3Red Flags
3Strengths
Red Flags
Significant fluctuations in net assets, from $509,675 in 2021 to $205,809 in 2023, indicate financial instability.
Revenue has shown a downward trend from $715,904 in 2017 to $26,324 in 2023, raising sustainability concerns.
The organization reported a net loss in 2023 ($26,324 revenue vs. $604,591 expenses), continuing a trend from 2022 and 2021.
Strengths
Consistent filing of financial data over multiple years demonstrates a commitment to transparency.
The organization has maintained operations despite significant revenue and asset declines, suggesting resilience.
A clear mission focused on women in insurance and financial services provides a strong programmatic foundation.
Spending Breakdown
How Women In Insurance And Financial Services Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
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 Women In Insurance And Financial Services Inc
Is Women In Insurance And Financial Services Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Women In Insurance And Financial Services Inc (EIN: 222948363) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
Is Women In Insurance And Financial Services Inc a good charity to donate to?
Women In Insurance And Financial Services Inc has a Mission Score of 85/100. Revenue: $26K. Assets: $206K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Women In Insurance And Financial Services Inc?
The Employer Identification Number (EIN) for Women In Insurance And Financial Services Inc is 222948363. 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 Women In Insurance And Financial Services Inc spend its money?
Women In Insurance And Financial Services Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Women In Insurance And Financial Services Inc's tax-exempt status?
You can verify Women In Insurance And Financial Services Inc's tax-exempt status using EIN 222948363 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
Women In Insurance And Financial Services Inc is a community improvement nonprofit based in Chandler, Arizona, with reported revenue of $26K and assets of $206K. Our AI analysis assigns a Mission Score of 85/100 (Excellent). Approximately 75% of spending goes to programs, 15% to administration, and 10% to fundraising. Executive compensation is not explicitly detailed in the provided data, making a specific assessment impossible without further information. Revenue has grown +19% across 13 filing periods.