Quick charity verification for Farmington Academy Inc (EIN: 201571082)
Verdict: Farmington Academy Inc appears trustworthy
85/100Mission Score
$2.3MRevenue
$2.2MAssets
1Red Flags
3Strengths
Red Flags
Expenses exceeded revenue in the most recent 2024 filing ($2,162,683 vs $2,037,293).
Strengths
Consistent 0% officer compensation across all filings, indicating high efficiency.
Significant growth in assets from $1,333,029 in 2021 to $3,824,019 in 2024.
Generally stable financial operations with revenues closely matching or exceeding expenses over the past decade.
Spending Breakdown
How Farmington Academy Inc 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 Farmington Academy Inc
Is Farmington Academy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Farmington Academy Inc (EIN: 201571082) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
Is Farmington Academy Inc a good charity to donate to?
Farmington Academy Inc has a Mission Score of 85/100. Revenue: $2.3M. Assets: $2.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Farmington Academy Inc?
The Employer Identification Number (EIN) for Farmington Academy Inc is 201571082. 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 Farmington Academy Inc spend its money?
Farmington Academy Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Farmington Academy Inc's tax-exempt status?
You can verify Farmington Academy Inc's tax-exempt status using EIN 201571082 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
Farmington Academy Inc. demonstrates a consistent operational history with revenues generally exceeding or closely matching expenses over the past decade. For instance, in 2023, revenue was $2,152,500 against expenses of $2,135,711, indicating sound financial management. However, the most recent filing (2024) shows expenses ($2,162,683) slightly exceeding revenue ($2,037,293), resulting in a deficit for that period. The organization's assets have shown significant growth, particularly between 2022 ($1,384,256) and 2023 ($3,865,289), and remained robust at $3,824,019 in 2024, suggesting a healthy balance sheet. The consistent reporting of 0% officer compensation across all available filings indicates a commitment to directing funds towards its mission rather than executive salaries, which is a strong positive for transparency and efficiency.