Is Ashland Youth Ballet Inc Legit?

Quick charity verification for Ashland Youth Ballet Inc (EIN: 202764337)

Verdict: Ashland Youth Ballet Inc appears trustworthy

92/100Mission Score

$131KRevenue

$313KAssets

0Red Flags

5Strengths

No red flags identified.

Strengths

Consistent asset base over $300,000, demonstrating financial resilience.
Zero officer compensation, indicating a strong commitment to directing funds to mission.
Decreasing liabilities over time, improving the organization's financial health.
Consistent surplus of revenue over expenses in most years, showing efficient financial management.
Regular IRS 990 filings, indicating good transparency.

Spending Breakdown

How Ashland Youth Ballet Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Ashland Youth Ballet Inc

Is Ashland Youth Ballet Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Ashland Youth Ballet Inc (EIN: 202764337) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.

Is Ashland Youth Ballet Inc a good charity to donate to?

Ashland Youth Ballet Inc has a Mission Score of 92/100. Revenue: $131K. Assets: $313K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Ashland Youth Ballet Inc?

The Employer Identification Number (EIN) for Ashland Youth Ballet Inc is 202764337. 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 Ashland Youth Ballet Inc spend its money?

Ashland Youth Ballet Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Ashland Youth Ballet Inc's tax-exempt status?

You can verify Ashland Youth Ballet Inc's tax-exempt status using EIN 202764337 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

Ashland Youth Ballet Inc demonstrates consistent financial stability with assets consistently over $300,000, reaching $313,026 in the latest period, significantly exceeding its annual revenue. The organization's revenue has fluctuated, with a notable peak of $134,655 in 2022, but generally remains in the $70,000-$130,000 range. Expenses have also remained relatively stable, indicating a predictable operational cost structure. The organization's liabilities have shown a decreasing trend over the years, from $225,988 in 2018 to $155,714 in 2023, which is a positive indicator of improving financial health and reduced debt burden.

Spending efficiency appears strong, as evidenced by the consistent surplus of revenue over expenses in most years, such as in 2023 where revenue was $74,957 against expenses of $73,731, and a significant surplus in 2022 with $134,655 in revenue against $102,724 in expenses. This suggests effective management of resources. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with six filings available, providing a clear historical financial record. The absence of officer compensation further enhances its transparency and indicates that leadership is likely volunteer-based, directing more funds towards its mission.

Overall, Ashland Youth Ballet Inc appears to be a financially sound and efficiently managed nonprofit. Its consistent asset base, decreasing liabilities, and prudent expense management, coupled with no reported officer compensation, paint a picture of an organization focused on its mission with good financial stewardship. The fluctuations in revenue suggest a reliance on varying funding sources, but the organization has consistently managed to operate within its means.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.