Quick charity verification for Fgs Inc (EIN: 161256975)
Verdict: Fgs Inc appears trustworthy
80/100Mission Score
$3.4MRevenue
$441KAssets
3Red Flags
4Strengths
Red Flags
Unknown NTEE code limits mission understanding
Lack of detailed expense breakdown beyond total expenses
Unusually low liabilities relative to assets in some periods, potentially indicating significant reserves or specific funding structures.
Strengths
Consistent revenue growth over the past decade (e.g., $1.9M in 2015 to $3.5M in 2023)
Strong asset growth, indicating financial stability and capacity (e.g., $174,936 in 2015 to $1,509,770 in 2023)
Expenses generally kept below or very close to revenue, preventing significant deficits (e.g., 2023 revenue $3,515,153 vs. expenses $3,451,062)
No reported officer compensation, suggesting efficient use of funds or volunteer leadership.
Spending Breakdown
How Fgs 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 Fgs Inc
Is Fgs Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fgs Inc (EIN: 161256975) appears trustworthy. Mission Score: 80/100. 3 red flags identified, 4 strengths noted.
Is Fgs Inc a good charity to donate to?
Fgs Inc has a Mission Score of 80/100. Revenue: $3.4M. Assets: $441K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Fgs Inc?
The Employer Identification Number (EIN) for Fgs Inc is 161256975. 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 Fgs Inc spend its money?
Fgs Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Fgs Inc's tax-exempt status?
You can verify Fgs Inc's tax-exempt status using EIN 161256975 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
Fgs Inc demonstrates consistent financial activity with revenues generally exceeding expenses over the past decade, indicating a stable operational model. For example, in 2023, revenue was $3,515,153 against expenses of $3,451,062. The organization's assets have shown significant growth, particularly from $174,936 in 2015 to $1,509,770 in 2023, suggesting effective asset management or accumulation. Liabilities have also increased but generally remain at a manageable level relative to assets, with a liability-to-asset ratio of approximately 28% in 2023 ($427,838 liabilities vs. $1,509,770 assets).
The organization's spending efficiency appears sound, as expenses are closely aligned with revenues, preventing significant deficits. The consistent reporting of 0% officer compensation across all available filings is a notable aspect of its financial structure, suggesting either a volunteer-led executive team or compensation being reported under other categories, which would warrant further investigation for full transparency. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency in these areas is challenging.
Transparency regarding executive compensation is high, given the reported 0%. However, the lack of NTEE code and detailed expense breakdowns in the provided data limits a comprehensive assessment of program efficiency and overall financial transparency beyond the top-line figures. Further details on how funds are allocated to specific programs versus overhead would enhance understanding of their operational effectiveness.