Is Exeter Fine Crafts Inc Legit?

Strengths

Consistent financial reporting with 12 IRS 990 filings.
Zero reported officer compensation, indicating high efficiency in leadership costs.
Consistent growth in assets over the past decade, from $158,913 in 2015 to $263,530 in 2024.
Stable revenue streams, generally covering expenses over the long term.
Low liabilities relative to assets, indicating good financial health (e.g., $33,481 liabilities vs. $263,530 assets in 2024).

Spending Breakdown

How Exeter Fine Crafts 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

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 Exeter Fine Crafts Inc

Is Exeter Fine Crafts Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Exeter Fine Crafts Inc (EIN: 20270374) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.

Is Exeter Fine Crafts Inc a good charity to donate to?

Exeter Fine Crafts Inc has a Mission Score of 85/100. Revenue: $503K. Assets: $272K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Exeter Fine Crafts Inc?

The Employer Identification Number (EIN) for Exeter Fine Crafts Inc is 20270374. 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 Exeter Fine Crafts Inc spend its money?

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

How can I verify Exeter Fine Crafts Inc's tax-exempt status?

You can verify Exeter Fine Crafts Inc's tax-exempt status using EIN 20270374 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

Exeter Fine Crafts Inc. demonstrates consistent financial operations over the past decade, with revenues and expenses generally in a similar range, indicating stable, albeit modest, growth. For instance, in the latest period (202403), the organization reported revenues of $252,974 against expenses of $266,420, showing a slight deficit. This trend of expenses closely tracking or slightly exceeding revenue is common for smaller nonprofits focused on direct program delivery. The organization's assets have shown a gradual increase over time, from $158,913 in 2015 to $263,530 in 2024, suggesting prudent financial management and accumulation of reserves.

The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 12 filings available, indicating adherence to regulatory requirements. A notable aspect is the consistent reporting of 0% officer compensation across all available filings, which suggests that the organization is either entirely volunteer-run at the executive level or that compensation falls below the reporting threshold for officers, directors, and trustees. This practice, if it reflects a volunteer-driven leadership, can be a strong indicator of efficient resource allocation towards its mission. However, without a detailed breakdown of expenses, it's challenging to fully assess spending efficiency beyond the overall revenue-expense balance.

Overall, Exeter Fine Crafts Inc. appears to be a financially stable organization with a long history of operation. Its consistent asset growth and lack of reported officer compensation are positive indicators. While the latest period shows a slight operational deficit, this is not uncommon and its overall financial health, as evidenced by its assets and consistent revenue streams, appears sound for an organization of its size.

Verdict: Exeter Fine Crafts Inc appears trustworthy