Quick charity verification for Coruway Film Institute (EIN: 20434339)
Verdict: Coruway Film Institute has notable concerns
25/100Mission Score
$0Revenue
$0Assets
4Red Flags
1Strengths
Red Flags
Latest filing shows $0 revenue and $0 assets, indicating potential dormancy or cessation of operations.
Consistent deficit spending in most years (e.g., 2015 expenses of $41,388 exceeded revenue of $38,281).
Extremely high liabilities relative to assets across all reported periods (e.g., $208,077 liabilities vs. $3,664 assets in 2012).
Significant decline in revenue from $64,027 in 2011 to $0 in the latest period.
Strengths
No officer compensation reported, suggesting volunteer leadership and potentially lower administrative overhead in that area.
Spending Breakdown
How Coruway Film Institute 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 Coruway Film Institute
Is Coruway Film Institute a legitimate charity?
Based on AI analysis of IRS 990 filings, Coruway Film Institute (EIN: 20434339) has notable concerns. Mission Score: 25/100. 4 red flags identified, 1 strength noted.
Is Coruway Film Institute a good charity to donate to?
Coruway Film Institute has a Mission Score of 25/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Coruway Film Institute?
The Employer Identification Number (EIN) for Coruway Film Institute is 20434339. 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 Coruway Film Institute spend its money?
Coruway Film Institute allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Coruway Film Institute's tax-exempt status?
You can verify Coruway Film Institute's tax-exempt status using EIN 20434339 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
Coruway Film Institute appears to be in a state of financial dormancy or significant decline, with its latest filing showing $0 in both revenue and assets. This is a stark contrast to its earlier years, where it reported revenues ranging from $21,031 in 2016 to $64,027 in 2011. A major concern is the consistent and substantial liabilities, peaking at $208,077 in 2012 and remaining high at $208,027 in 2014, far exceeding its assets in every reported period. This indicates a prolonged period of insolvency.
The organization's spending efficiency is difficult to assess without a detailed breakdown of expenses, but the consistent deficit spending in most years (expenses exceeding revenue) suggests an unsustainable financial model. For instance, in 2015, expenses of $41,388 significantly outstripped revenue of $38,281. The lack of any reported officer compensation across all filings suggests a volunteer-driven leadership, which can be a positive for efficiency, but doesn't mitigate the overall financial instability.
Transparency is moderate given the available data, but the current $0 revenue and assets raise questions about its operational status. Without more recent detailed financial activities, it's challenging to understand its current purpose or if it's still actively pursuing its mission. The historical data points to an organization that struggled to generate sufficient income to cover its costs and manage its debt.