Quick charity verification for Financial Therapy Association (EIN: 10936349)
Verdict: Financial Therapy Association appears trustworthy
92/100Mission Score
$267KRevenue
$283KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth (from $58,959 in 2016 to $229,139 in 2023).
Significant asset accumulation (from $4,115 in 2016 to $234,745 in 2023).
Zero officer compensation across all filings, indicating volunteer leadership.
Expenses consistently lower than revenue, leading to financial surpluses.
Low liabilities relative to assets, demonstrating strong financial stability.
Spending Breakdown
How Financial Therapy Association 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 Financial Therapy Association
Is Financial Therapy Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Financial Therapy Association (EIN: 10936349) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Financial Therapy Association a good charity to donate to?
Financial Therapy Association has a Mission Score of 92/100. Revenue: $267K. Assets: $283K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Financial Therapy Association?
The Employer Identification Number (EIN) for Financial Therapy Association is 10936349. 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 Financial Therapy Association spend its money?
Financial Therapy Association allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Financial Therapy Association's tax-exempt status?
You can verify Financial Therapy Association's tax-exempt status using EIN 10936349 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
The Financial Therapy Association demonstrates a consistent pattern of growth in revenue and assets over the past several years, indicating increasing financial stability. In the latest filing (202312), the organization reported revenue of $229,139 against expenses of $180,111, resulting in a surplus that contributes to asset growth. The organization's assets have grown significantly from $4,115 in 2016 to $234,745 in 2023, suggesting effective financial management and accumulation of resources.
Spending efficiency appears strong, with expenses consistently lower than revenue, allowing for reinvestment and growth. The absence of reported officer compensation across all filings indicates a volunteer-driven leadership structure, which can contribute to lower administrative costs and a higher proportion of funds directed towards programs. This structure also enhances transparency regarding how funds are utilized, as no portion is allocated to executive salaries. The organization's liabilities are also relatively low compared to its assets, further reinforcing its sound financial position. Overall, the Financial Therapy Association exhibits good financial health, efficient spending, and a high degree of transparency regarding its operational costs and compensation practices.