Quick charity verification for Artsquest Foundation (EIN: 200652958)
Verdict: Artsquest Foundation has notable concerns
30/100Mission Score
$3.3MRevenue
$8.6MAssets
4Red Flags
2Strengths
Red Flags
Extreme revenue and expense volatility year-over-year, making financial planning and assessment difficult.
Significant deficits in recent years (e.g., 2023 expenses $5.8M vs. revenue $292k), indicating reliance on reserves or external funding not reflected in revenue.
Substantial decline in assets from $28.4M in 2015 to $6.8M in 2023, suggesting significant asset utilization or transfers.
0% officer compensation reported across all filings, which could obscure true leadership costs if compensated by a related entity.
Strengths
Historically capable of generating significant revenue in certain years (e.g., over $3M in 2019 and 2017).
Maintained substantial asset levels for several years, indicating past financial strength.
Spending Breakdown
How Artsquest Foundation allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
0%
Admin Costs
Reasonable — admin costs in check
0%
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 Artsquest Foundation
Is Artsquest Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Artsquest Foundation (EIN: 200652958) has notable concerns. Mission Score: 30/100. 4 red flags identified, 2 strengths noted.
Is Artsquest Foundation a good charity to donate to?
Artsquest Foundation has a Mission Score of 30/100. Revenue: $3.3M. Assets: $8.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Artsquest Foundation?
The Employer Identification Number (EIN) for Artsquest Foundation is 200652958. 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 Artsquest Foundation spend its money?
Artsquest Foundation allocates 0% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Artsquest Foundation's tax-exempt status?
You can verify Artsquest Foundation's tax-exempt status using EIN 200652958 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 Artsquest Foundation exhibits highly volatile financial performance, with significant fluctuations in both revenue and expenses over the past decade. For instance, in 2023, the organization reported revenue of $292,257 against expenses of $5,836,797, indicating a substantial deficit. This contrasts sharply with 2019, where revenue was $3,163,447 and expenses were only $210,034, showing a large surplus. The organization's assets have also seen considerable changes, peaking at over $28 million in 2015 and dropping to $6.8 million in 2023. The consistent reporting of 0% officer compensation across all filings suggests either a fully volunteer-led executive team or that executive compensation is handled by a related entity, which could impact transparency regarding leadership costs. The wide swings in financial figures make it challenging to assess consistent operational efficiency or long-term financial stability without further context on the nature of these transactions and the foundation's role within the broader Artsquest ecosystem.