High liabilities relative to assets across multiple periods
Strengths
Consistent filing history demonstrating transparency (14 filings)
0% officer compensation, indicating volunteer leadership and low administrative overhead
Stable revenue generation over the past decade, averaging around $60,000-$70,000 annually
Spending Breakdown
How Fayette Street Project allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Fayette Street Project
Is Fayette Street Project a legitimate charity?
Based on AI analysis of IRS 990 filings, Fayette Street Project (EIN: 20530226) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is Fayette Street Project a good charity to donate to?
Fayette Street Project has a Mission Score of 70/100. Revenue: $77K. Assets: $396K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Fayette Street Project?
The Employer Identification Number (EIN) for Fayette Street Project is 20530226. 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 Fayette Street Project spend its money?
Fayette Street Project allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Fayette Street Project's tax-exempt status?
You can verify Fayette Street Project's tax-exempt status using EIN 20530226 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
Fayette Street Project demonstrates consistent, albeit modest, revenue generation, averaging around $60,000-$70,000 annually over the past decade. While the organization's assets are substantial at $396,454, a significant concern is the persistent negative net asset position, with liabilities frequently exceeding assets, as seen in the 202406 filing where liabilities were $454,386 against assets of $402,509. This indicates a reliance on debt or restricted funds that may not be readily available for operations.
The organization's spending efficiency appears to be a mixed bag. In some years, like 202106, expenses ($61,517) were nearly matched by revenue ($61,525), suggesting tight financial management. However, other periods, such as 202406, show expenses ($95,458) significantly outpacing revenue ($72,082), leading to an operating deficit. The consistent reporting of 0% officer compensation across all filings is a strong indicator of volunteer leadership, which contributes positively to program efficiency by minimizing administrative overhead related to salaries. However, without a detailed breakdown of expenses, it's challenging to fully assess program spending versus administrative or fundraising costs.
Transparency is generally good given the consistent filing history. The absence of officer compensation simplifies the analysis of executive pay. However, the recurring deficit and high liabilities relative to assets warrant further investigation to understand the long-term financial sustainability and the nature of these liabilities. The organization's ability to maintain operations despite these financial pressures suggests a dedicated base of support or effective management of its debt.