Quick charity verification for Bare Hands Gallery Inc (EIN: 201162009)
Verdict: Bare Hands Gallery Inc appears trustworthy
85/100Mission Score
$412KRevenue
$241KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Zero officer compensation, indicating high efficiency and volunteer leadership.
Consistent growth in revenue over the past decade, from $55,513 in 2015 to $338,927 in 2023.
No reported liabilities across all 13 filings, demonstrating strong financial management and stability.
Healthy asset base relative to its revenue, with $191,856 in assets in 2023.
Consistent IRS 990 filing history, indicating good transparency.
Spending Breakdown
How Bare Hands Gallery 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 Bare Hands Gallery Inc
Is Bare Hands Gallery Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bare Hands Gallery Inc (EIN: 201162009) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is Bare Hands Gallery Inc a good charity to donate to?
Bare Hands Gallery Inc has a Mission Score of 85/100. Revenue: $412K. Assets: $241K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bare Hands Gallery Inc?
The Employer Identification Number (EIN) for Bare Hands Gallery Inc is 201162009. 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 Bare Hands Gallery Inc spend its money?
Bare Hands Gallery Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bare Hands Gallery Inc's tax-exempt status?
You can verify Bare Hands Gallery Inc's tax-exempt status using EIN 201162009 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
Bare Hands Gallery Inc. demonstrates a consistent operational history with fluctuating but generally increasing revenue over the past decade. In the latest reported period (202312), the organization had revenues of $338,927 against expenses of $344,083, indicating a slight operational deficit for that year. However, the organization maintains a healthy asset base of $191,856 with no reported liabilities, suggesting good financial stability and responsible management of its resources. The absence of officer compensation reported across all filings is a strong indicator of volunteer-driven leadership, which can contribute to higher program spending efficiency.
The organization's spending efficiency appears strong, particularly given the zero officer compensation. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial picture suggests that resources are likely directed towards its mission. The consistent filing of IRS Form 990s over 13 periods indicates a commitment to transparency, allowing public scrutiny of its financial activities. The growth in revenue from $55,513 in 2015 to $338,927 in 2023 also points to increasing community support and operational scale.
Overall, Bare Hands Gallery Inc. appears to be a financially stable and transparent organization, effectively managing its resources with a strong volunteer component. Its consistent growth and clean balance sheet, with no liabilities, are positive indicators of its financial health and sustainability.