Is Boothbay Region Art Foundation Inc Legit?

Quick charity verification for Boothbay Region Art Foundation Inc (EIN: 16019124)

Verdict: Boothbay Region Art Foundation Inc appears trustworthy

85/100Mission Score
$174KRevenue
$35KAssets
1Red Flags
4Strengths

Red Flags

Strengths

Spending Breakdown

How Boothbay Region Art Foundation Inc 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 Boothbay Region Art Foundation Inc

Is Boothbay Region Art Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Boothbay Region Art Foundation Inc (EIN: 16019124) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is Boothbay Region Art Foundation Inc a good charity to donate to?

Boothbay Region Art Foundation Inc has a Mission Score of 85/100. Revenue: $174K. Assets: $35K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Boothbay Region Art Foundation Inc?

The Employer Identification Number (EIN) for Boothbay Region Art Foundation Inc is 16019124. 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 Boothbay Region Art Foundation Inc spend its money?

Boothbay Region Art Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Boothbay Region Art Foundation Inc's tax-exempt status?

You can verify Boothbay Region Art Foundation Inc's tax-exempt status using EIN 16019124 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

Boothbay Region Art Foundation Inc. demonstrates consistent financial activity, with revenues and expenses generally in a similar range over the past decade. For instance, in 2023, the organization reported revenues of $68,216 against expenses of $73,402, indicating a slight deficit. This trend of expenses sometimes exceeding revenue is observed in multiple years, such as 2022 ($84,306 revenue vs. $93,796 expenses) and 2019 ($56,453 revenue vs. $68,713 expenses). However, the organization has also had surplus years, like 2021 ($89,975 revenue vs. $61,629 expenses). The organization maintains a modest asset base, with assets fluctuating but generally remaining below $90,000, such as $43,720 in 2023. A significant positive aspect of their financial health is the consistent reporting of zero liabilities across all available filings, indicating a debt-free operation. This suggests prudent financial management regarding debt, even with occasional operating deficits. The absence of officer compensation further enhances their financial efficiency and transparency, as all resources appear to be directed towards the organization's mission rather than executive salaries.

View Full Transparency Report →

Disclaimer

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

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