Almas Immediate Benefit Association
EIN: 530024827 · Washington, DC
| Metric | Value |
|---|---|
| Total Expenses | $89K |
| Net Assets | $2.8M |
Is Almas Immediate Benefit Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Almas Immediate Benefit Association
Almas Immediate Benefit Association (EIN: 530024827) is a nonprofit organization based in Washington, DC. The organization reported total revenue of $0 and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Almas Immediate Benefit Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Almas Immediate Benefit Association is a micro nonprofit that has been operating for 42 years, with 12 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -100.0% | -44.6% | -4.2% |
| 2020 | -37.5% | +3981.7% | +23.6% |
| 2019 | -27.5% | — | +22.4% |
| 2018 | -11.0% | -117.7% | -11.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Almas Immediate Benefit Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Almas Immediate Benefit Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 28.6%.
Frequently Asked Questions about Almas Immediate Benefit Association
Is Almas Immediate Benefit Association a legitimate charity?
Almas Immediate Benefit Association (EIN: 530024827) is a registered tax-exempt nonprofit based in Washington DC. It has 12 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does Almas Immediate Benefit Association spend its money?
Almas Immediate Benefit Association reported its financials in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Almas Immediate Benefit Association tax-deductible?
Almas Immediate Benefit Association is registered as a tax-exempt nonprofit (EIN: 530024827). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Almas Immediate Benefit Association located?
Almas Immediate Benefit Association is headquartered in Washington, Washington DC and files with the IRS under EIN 530024827.
How many years of IRS 990 filings does Almas Immediate Benefit Association have?
Almas Immediate Benefit Association has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Almas Immediate Benefit Association showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Almas Immediate Benefit Association's revenue has declined by 100%, moving from $19K to $0. Total assets increased by 95.6% over the same period, from $2.0M to $3.9M. Total functional expenses fell by 35.6%, from $139K to $89K. The organization holds $1.1M in liabilities against $3.9M in assets (debt-to-asset ratio: 28.6%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $0 | $89K | $3.9M | $1.1M | — | — |
| 2022 | $0 | $35K | $4.0M | $1.1M | — | View 990 |
| 2020 | $150K | $63K | $4.2M | $1.1M | — | — |
| 2019 | $240K | $2K | $3.4M | $1.1M | — | View 990 |
| 2018 | $331K | $-19,492 | $2.8M | $1.2M | — | View 990 |
| 2017 | $372K | $110K | $3.1M | $1.5M | — | View 990 |
| 2016 | $169K | $15K | $2.6M | $1.5M | — | View 990 |
| 2015 | $141K | $84K | $2.7M | $1.7M | — | View 990 |
| 2014 | $123K | $834K | $2.8M | $1.8M | — | View 990 |
| 2013 | $162K | $-30,744 | $2.7M | $1.1M | — | View 990 |
| 2012 | $-19,969 | $123K | $2.2M | $1.3M | — | View 990 |
| 2011 | $19K | $139K | $2.0M | $35K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $0, expenses of $89K, and assets of $3.9M.
- 2022: Revenue of $0, expenses of $35K, and assets of $4.0M (revenue -100.0% year-over-year).
- 2020: Revenue of $150K, expenses of $63K, and assets of $4.2M (revenue -37.5% year-over-year).
- 2019: Revenue of $240K, expenses of $2K, and assets of $3.4M (revenue -27.5% year-over-year).
- 2018: Revenue of $331K, expenses of $-19,492, and assets of $2.8M (revenue -11.0% year-over-year).
- 2017: Revenue of $372K, expenses of $110K, and assets of $3.1M (revenue +119.8% year-over-year).
- 2016: Revenue of $169K, expenses of $15K, and assets of $2.6M (revenue +20.2% year-over-year).
- 2015: Revenue of $141K, expenses of $84K, and assets of $2.7M (revenue +14.0% year-over-year).
- 2014: Revenue of $123K, expenses of $834K, and assets of $2.8M (revenue -24.0% year-over-year).
- 2013: Revenue of $162K, expenses of $-30,744, and assets of $2.7M.
- 2012: Revenue of $-19,969, expenses of $123K, and assets of $2.2M (revenue -202.8% year-over-year).
- 2011: Revenue of $19K, expenses of $139K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Almas Immediate Benefit Association:
Data Sources and Methodology
This transparency report for Almas Immediate Benefit Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.