Is Arts Center And Theater Of Schenectady Inc Legit?
Quick charity verification for Arts Center And Theater Of Schenectady Inc (EIN: 141602083)
Verdict: Arts Center And Theater Of Schenectady Inc appears trustworthy
92/100Mission Score
$24.7MRevenue
$48.9MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation across all filings, indicating strong financial stewardship.
Healthy asset-to-liability ratio (approx. 2.82:1 in 202312), demonstrating financial stability.
Significant revenue growth in the most recent period (202312) to $25,845,296.
Substantial asset base, exceeding $50 million, providing a strong foundation for operations.
Spending Breakdown
How Arts Center And Theater Of Schenectady Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Arts Center And Theater Of Schenectady Inc
Is Arts Center And Theater Of Schenectady Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Arts Center And Theater Of Schenectady Inc (EIN: 141602083) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 4 strengths noted.
Is Arts Center And Theater Of Schenectady Inc a good charity to donate to?
Arts Center And Theater Of Schenectady Inc has a Mission Score of 92/100. Revenue: $24.7M. Assets: $48.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Arts Center And Theater Of Schenectady Inc?
The Employer Identification Number (EIN) for Arts Center And Theater Of Schenectady Inc is 141602083. 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 Arts Center And Theater Of Schenectady Inc spend its money?
Arts Center And Theater Of Schenectady Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Arts Center And Theater Of Schenectady Inc's tax-exempt status?
You can verify Arts Center And Theater Of Schenectady Inc's tax-exempt status using EIN 141602083 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
Arts Center And Theater Of Schenectady Inc demonstrates a generally stable financial position with consistent revenue streams, though expenses have fluctuated. In the most recent filing (202312), the organization reported revenue of $25,845,296 against expenses of $25,049,925, indicating a positive operating margin for the period. This follows a period in 202212 where expenses ($19,220,661) exceeded revenue ($17,988,660), suggesting some variability in annual financial performance.
The organization's assets have remained substantial, reaching $53,205,681 in 202312, while liabilities were $18,853,399. A notable strength is the consistent reporting of 0% officer compensation across all available filings, which speaks to a strong commitment to directing funds towards the mission rather than executive salaries. This practice significantly enhances the organization's transparency and public trust regarding compensation practices.
While specific program spending details are not provided in the summary data, the absence of officer compensation and the overall financial stability suggest a well-managed organization. The fluctuations in revenue and expenses over the years, such as the significant increase in revenue from $17,988,660 in 202212 to $25,845,296 in 202312, warrant closer examination of the underlying operational drivers, but the overall trend indicates a robust and adaptable financial structure.