Is Charleston Regional Alliance For The Arts Legit?

Quick charity verification for Charleston Regional Alliance For The Arts (EIN: 204240088)

Verdict: Charleston Regional Alliance For The Arts shows mixed signals

55/100Mission Score
$0Revenue
$0Assets
3Red Flags
3Strengths

Red Flags

Strengths

Spending Breakdown

How Charleston Regional Alliance For The Arts allocates its funds across programs, administration, and fundraising.

70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Charleston Regional Alliance For The Arts

Is Charleston Regional Alliance For The Arts a legitimate charity?

Based on AI analysis of IRS 990 filings, Charleston Regional Alliance For The Arts (EIN: 204240088) shows mixed signals. Mission Score: 55/100. 3 red flags identified, 3 strengths noted.

Is Charleston Regional Alliance For The Arts a good charity to donate to?

Charleston Regional Alliance For The Arts has a Mission Score of 55/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Charleston Regional Alliance For The Arts?

The Employer Identification Number (EIN) for Charleston Regional Alliance For The Arts is 204240088. 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 Charleston Regional Alliance For The Arts spend its money?

Charleston Regional Alliance For The Arts allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Charleston Regional Alliance For The Arts's tax-exempt status?

You can verify Charleston Regional Alliance For The Arts's tax-exempt status using EIN 204240088 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 Charleston Regional Alliance For The Arts appears to be a small, consistently operating nonprofit, though its financial health shows some variability. In 2017, the organization reported a deficit, with expenses exceeding revenue by over $25,000 ($167,618 in expenses vs. $142,064 in revenue). This follows a surplus in 2016 and 2015, indicating fluctuating financial performance. The organization's assets have also varied significantly over the years, from a high of $243,490 in 2013 to $47,873 in 2017, suggesting inconsistent asset management or significant operational changes. The most recent filing shows $0 in revenue and assets, which is highly unusual and suggests either a significant change in operations, a reporting error, or potential dormancy, warranting further investigation. Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, it's challenging to fully assess. However, the consistent reporting of 0% officer compensation across all available filings suggests a lean operational structure at the executive level, which can be a positive indicator of efficiency. The organization's transparency is generally good, given the consistent filing of IRS Form 990s over seven periods. However, the latest $0 revenue and assets report raises significant questions about its current operational status and financial transparency for the most recent period. The organization's ability to manage its liabilities has also fluctuated. In 2013 and 2012, liabilities were very high relative to assets, indicating potential financial strain. By 2017, liabilities were $27,698 against assets of $47,873, a more manageable ratio. The overall picture is one of an organization that has experienced periods of both financial stability and strain, with the most recent data point being a significant anomaly that requires clarification.

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Disclaimer

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

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