Quick charity verification for Elastic Arts Foundation (EIN: 20645505)
Verdict: Elastic Arts Foundation appears trustworthy
95/100Mission Score
$513KRevenue
$361KAssets
1Red Flags
5Strengths
Red Flags
Unclear how an organization of this size sustains operations without any reported officer compensation, potentially indicating alternative compensation structures not transparently reported as such.
Strengths
Consistent revenue growth, with revenue increasing from $192,957 in 202008 to $627,092 in 202308.
Strong asset accumulation, growing from $172,201 in 202008 to $437,195 in 202308.
Extremely low liabilities relative to assets, indicating strong financial health and minimal debt risk.
0% reported officer compensation across all 12 filings, suggesting high efficiency in directing funds to programs.
Consistent surplus of revenue over expenses in recent years, contributing to financial stability.
Spending Breakdown
How Elastic Arts Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Elastic Arts Foundation
Is Elastic Arts Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Elastic Arts Foundation (EIN: 20645505) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
Is Elastic Arts Foundation a good charity to donate to?
Elastic Arts Foundation has a Mission Score of 95/100. Revenue: $513K. Assets: $361K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Elastic Arts Foundation?
The Employer Identification Number (EIN) for Elastic Arts Foundation is 20645505. 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 Elastic Arts Foundation spend its money?
Elastic Arts Foundation allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Elastic Arts Foundation's tax-exempt status?
You can verify Elastic Arts Foundation's tax-exempt status using EIN 20645505 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
Elastic Arts Foundation demonstrates a positive trend in financial health, with its latest filing (202308) showing revenue of $627,092 significantly exceeding expenses of $488,198, leading to a substantial increase in net assets. Over the past five years, the organization has consistently grown its revenue and assets, indicating strong financial management and increasing support for its mission. The organization's liabilities remain very low relative to its assets, with liabilities of $24,740 against assets of $437,195 in 202308, suggesting a healthy balance sheet and minimal financial risk. This consistent growth and low liability profile contribute to a strong overall financial position.
Spending efficiency appears robust, as the organization consistently operates with expenses well below revenue in recent years, allowing for asset accumulation. The absence of reported officer compensation across all filings is a significant indicator of efficiency and a strong commitment to directing funds towards programs rather than executive salaries. This practice enhances donor confidence and suggests a volunteer-driven or very lean administrative structure. The consistent growth in revenue and assets, coupled with efficient spending and no executive compensation, paints a picture of a well-managed and financially responsible nonprofit.
Transparency is high given the consistent filing of IRS Form 990s over 12 periods, providing a comprehensive historical financial record. The detailed financial data available allows for thorough analysis of revenue, expenses, and asset growth. The lack of officer compensation further simplifies financial analysis and reinforces the organization's commitment to its mission. The clear financial trajectory and readily available data indicate a transparent operation.