Quick charity verification for Art In The Loop Foundation (EIN: 202468361)
Verdict: Art In The Loop Foundation appears trustworthy
90/100Mission Score
$131KRevenue
$177KAssets
1Red Flags
5Strengths
Red Flags
No detailed functional expense breakdown available to precisely verify program spending ratio.
Strengths
Consistent positive net assets over a decade, indicating financial stability.
Zero reported officer compensation across all filings, suggesting high efficiency and volunteer leadership.
Minimal to zero liabilities reported in most periods, reflecting strong financial management.
Consistent filing of IRS Form 990s over 13 periods, demonstrating transparency.
Healthy asset base relative to annual expenses, providing a buffer for operations.
Spending Breakdown
How Art In The Loop Foundation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Art In The Loop Foundation
Is Art In The Loop Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Art In The Loop Foundation (EIN: 202468361) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is Art In The Loop Foundation a good charity to donate to?
Art In The Loop Foundation has a Mission Score of 90/100. Revenue: $131K. Assets: $177K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Art In The Loop Foundation?
The Employer Identification Number (EIN) for Art In The Loop Foundation is 202468361. 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 Art In The Loop Foundation spend its money?
Art In The Loop Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Art In The Loop Foundation's tax-exempt status?
You can verify Art In The Loop Foundation's tax-exempt status using EIN 202468361 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
Art In The Loop Foundation demonstrates consistent financial stability with a healthy asset base relative to its annual expenses. Over the past decade, the organization has maintained positive net assets, indicating sound financial management. For instance, in 2023, with revenues of $72,205 and expenses of $74,680, the organization operated near break-even, a common characteristic for smaller nonprofits. Its liabilities have consistently been negligible or zero, reflecting a strong balance sheet and responsible fiscal practices.
The organization's spending efficiency appears strong, particularly given its mission. Without detailed expense breakdowns beyond total expenses, it's challenging to precisely determine program vs. administrative costs. However, the absence of officer compensation across all reported periods suggests that a significant portion of its revenue is likely directed towards its mission rather than executive salaries, which is a positive indicator for efficiency. The consistent filing of IRS Form 990s over 13 periods also points to a commitment to transparency.
Overall, Art In The Loop Foundation appears to be a well-managed and financially stable small nonprofit. Its consistent asset growth, minimal liabilities, and lack of executive compensation contribute to a positive assessment of its financial health and operational integrity. The organization's ability to maintain its mission with relatively modest revenues and expenses over a long period suggests effective resource utilization.