Quick charity verification for World Trade Centers Association Inc (EIN: 132644507)
Verdict: World Trade Centers Association Inc appears trustworthy
75/100Mission Score
$15.6MRevenue
$24.9MAssets
2Red Flags
4Strengths
Red Flags
Operating deficit in the most recent fiscal year (2023), with expenses exceeding revenue by over $500,000.
Unusually low (0%) reported officer compensation for an organization of this size, which might indicate compensation is reported elsewhere or through related entities, warranting further investigation.
Strengths
Consistent asset growth over the past decade, indicating strong financial management and accumulation of resources.
Low liabilities relative to assets, demonstrating good financial solvency and a healthy balance sheet.
Consistent filing of IRS Form 990s over 13 periods, indicating strong transparency and compliance.
Positive operating surpluses in multiple recent years (e.g., 2022 and 2021), showing effective revenue generation and expense management in those periods.
Spending Breakdown
How World Trade Centers Association Inc 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 World Trade Centers Association Inc
Is World Trade Centers Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, World Trade Centers Association Inc (EIN: 132644507) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is World Trade Centers Association Inc a good charity to donate to?
World Trade Centers Association Inc has a Mission Score of 75/100. Revenue: $15.6M. Assets: $24.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for World Trade Centers Association Inc?
The Employer Identification Number (EIN) for World Trade Centers Association Inc is 132644507. 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 World Trade Centers Association Inc spend its money?
World Trade Centers Association Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify World Trade Centers Association Inc's tax-exempt status?
You can verify World Trade Centers Association Inc's tax-exempt status using EIN 132644507 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 World Trade Centers Association Inc. demonstrates a generally stable financial position with assets consistently growing over the past decade, reaching $23,857,209 in 2023. While revenue has fluctuated, the organization has managed its expenses, though the 2023 filing shows expenses ($6,949,880) exceeding revenue ($6,402,722), resulting in a deficit for that year. This is a shift from previous years like 2022 and 2021 where revenue significantly outpaced expenses. The organization's liabilities have remained relatively low compared to its assets, indicating good financial solvency.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess. However, the consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing top-heavy administrative costs, which is a positive indicator for efficiency. The organization's ability to maintain and grow its asset base while managing operational costs, even with occasional deficits, points to a generally prudent financial management approach.
Transparency appears to be a strong point, given the consistent filing of IRS Form 990s over 13 periods and the clear reporting of key financial metrics. The absence of reported officer compensation is a notable detail that enhances perceived transparency and commitment to mission-focused spending. Further detailed expense breakdowns within the 990s would provide even greater insight into their spending efficiency.