Quick charity verification for Center For Irish Music Inc (EIN: 205902063)
Verdict: Center For Irish Music Inc appears trustworthy
88/100Mission Score
$662KRevenue
$873KAssets
1Red Flags
4Strengths
Red Flags
No reported officer compensation, which could indicate a lack of transparency if compensation is simply reclassified.
Strengths
Consistent revenue growth over the past decade, from $233,599 in 201407 to $748,864 in 202306.
Healthy asset accumulation, with assets growing from $70,027 to $494,883 over the last 10 years.
Expenses consistently lower than revenue, indicating sound financial management and surpluses.
Low liabilities relative to assets, suggesting strong financial stability.
Spending Breakdown
How Center For Irish Music 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 Center For Irish Music Inc
Is Center For Irish Music Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Center For Irish Music Inc (EIN: 205902063) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
Is Center For Irish Music Inc a good charity to donate to?
Center For Irish Music Inc has a Mission Score of 88/100. Revenue: $662K. Assets: $873K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Center For Irish Music Inc?
The Employer Identification Number (EIN) for Center For Irish Music Inc is 205902063. 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 Center For Irish Music Inc spend its money?
Center For Irish Music Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Center For Irish Music Inc's tax-exempt status?
You can verify Center For Irish Music Inc's tax-exempt status using EIN 205902063 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 Center For Irish Music Inc demonstrates a consistent pattern of growth in revenue and assets over the past decade, indicating a stable and expanding financial base. In the latest filing (202306), the organization reported revenue of $748,864 against expenses of $558,480, resulting in a significant surplus. This surplus contributes to a healthy increase in assets, which grew from $269,907 in 202206 to $494,883 in 202306, suggesting effective financial management and accumulation of resources. The organization's liabilities remain relatively low compared to its assets, further reinforcing its financial stability.
The spending efficiency appears strong, with expenses consistently lower than revenue, allowing for asset growth. The absence of reported officer compensation across all available filings is a notable indicator of either a volunteer-led executive team or compensation being reported under other expense categories, which would warrant further investigation for complete transparency. However, on the surface, this suggests a high dedication to mission without significant executive overhead.
Overall, the Center For Irish Music Inc exhibits sound financial health with a positive trend in growth and responsible management of its finances. The consistent surpluses and asset accumulation, coupled with no reported officer compensation, paint a picture of an organization focused on its mission and efficient use of its resources. Further detail on program vs. administrative spending would enhance the transparency assessment.