Quick charity verification for Fine Arts Radio Inc (EIN: 223015791)
Verdict: Fine Arts Radio Inc shows mixed signals
65/100Mission Score
$47KRevenue
$511KAssets
2Red Flags
2Strengths
Red Flags
Significant decline in revenue from $115,643 in 2021 to $47,421 in 2023, raising sustainability concerns.
Expenses consistently exceed revenue, leading to operational deficits in recent years.
Strengths
Maintains a substantial asset base of $511,441 in 2023, providing financial stability despite revenue declines.
Consistent filing of financial data demonstrates a commitment to basic transparency.
Spending Breakdown
How Fine Arts Radio Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
15%
Admin Costs
Reasonable — admin costs in check
15%
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 Fine Arts Radio Inc
Is Fine Arts Radio Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fine Arts Radio Inc (EIN: 223015791) shows mixed signals. Mission Score: 65/100. 2 red flags identified, 2 strengths noted.
Is Fine Arts Radio Inc a good charity to donate to?
Fine Arts Radio Inc has a Mission Score of 65/100. Revenue: $47K. Assets: $511K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Fine Arts Radio Inc?
The Employer Identification Number (EIN) for Fine Arts Radio Inc is 223015791. 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 Fine Arts Radio Inc spend its money?
Fine Arts Radio Inc allocates 70% to programs, 15% to administration, and 15% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Fine Arts Radio Inc's tax-exempt status?
You can verify Fine Arts Radio Inc's tax-exempt status using EIN 223015791 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
Fine Arts Radio Inc is a unknown nonprofit based in Monroe, Connecticut, with reported revenue of $47K and assets of $511K. Our AI analysis assigns a Mission Score of 65/100 (Good). Approximately 70% of spending goes to programs, 15% to administration, and 15% to fundraising. Executive compensation is not explicitly detailed in the provided financial data, making a specific assessment difficult beyond noting its inclusion within general expenses. Revenue has declined -59% across 3 filing periods.