Is Craftstudies Inc Legit?

Quick charity verification for Craftstudies Inc (EIN: 20238690)

Verdict: Craftstudies Inc appears trustworthy

90/100Mission Score
$791KRevenue
$1.0MAssets
1Red Flags
4Strengths

Red Flags

Strengths

Spending Breakdown

How Craftstudies 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 Craftstudies Inc

Is Craftstudies Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Craftstudies Inc (EIN: 20238690) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.

Is Craftstudies Inc a good charity to donate to?

Craftstudies Inc has a Mission Score of 90/100. Revenue: $791K. Assets: $1.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Craftstudies Inc?

The Employer Identification Number (EIN) for Craftstudies Inc is 20238690. 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 Craftstudies Inc spend its money?

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

How can I verify Craftstudies Inc's tax-exempt status?

You can verify Craftstudies Inc's tax-exempt status using EIN 20238690 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

Craftstudies Inc demonstrates a generally stable financial position with some notable fluctuations in revenue and expenses over the past few years. While the latest reported revenue is $790,751 and assets are $1,049,933, the most recent filing (202403) shows revenue of $342,404 against expenses of $307,816, indicating a positive operating margin for that period. However, the 202303 period saw expenses ($225,905) slightly exceed revenue ($220,585). A significant anomaly was observed in 202203, where revenue surged to $993,102 while expenses remained relatively low at $219,848, leading to a substantial increase in assets from $317,920 in 202103 to over $1 million in 202203. This large revenue spike warrants further investigation to understand its source and sustainability. The organization consistently reports 0% officer compensation across all available filings, which is a strong indicator of efficient use of funds and a volunteer-driven leadership structure, enhancing its transparency and public trust. Liabilities have remained relatively low, with the latest at $18,408 (202403), suggesting good financial management and minimal debt burden. The NTEE code A400 (Arts, Culture, Humanities - Arts & Culture) aligns with its mission, and the consistent filing of IRS 990s demonstrates a commitment to regulatory compliance and transparency. Overall, Craftstudies Inc appears to be a financially sound organization, particularly given its consistent asset growth and low liabilities. The absence of executive compensation is a significant positive. The primary area for further scrutiny would be the large revenue fluctuation in 202203 to ensure it represents sustainable funding sources rather than one-off events, and to understand how those funds were strategically deployed to support its mission.

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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