Is Florence & Paul Derosa Memorial Fund For The Arts Inc Legit?
Quick charity verification for Florence & Paul Derosa Memorial Fund For The Arts Inc (EIN: 223113270)
Verdict: Florence & Paul Derosa Memorial Fund For The Arts Inc appears trustworthy
85/100Mission Score
$816KRevenue
$3.2MAssets
3Red Flags
1Strengths
Red Flags
The organization has a high percentage of funds allocated to programs, indicating a strong focus on achieving its mission.
Administrative costs are consistently low, suggesting efficient management and resource allocation.
Fundraising efforts are minimal, which could indicate a strong reliance on grants or other stable funding sources.
Strengths
The organization has a strong track record of allocating a significant portion of its budget to programs, ensuring that the majority of funds support its mission.
Spending Breakdown
How Florence & Paul Derosa Memorial Fund For The Arts Inc allocates its funds across programs, administration, and fundraising.
60%
Program Spending
Below average — room for improvement
35%
Admin Costs
High — over 25% on administration
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 Florence & Paul Derosa Memorial Fund For The Arts Inc
Is Florence & Paul Derosa Memorial Fund For The Arts Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Florence & Paul Derosa Memorial Fund For The Arts Inc (EIN: 223113270) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 1 strength noted.
Is Florence & Paul Derosa Memorial Fund For The Arts Inc a good charity to donate to?
Florence & Paul Derosa Memorial Fund For The Arts Inc has a Mission Score of 85/100. Revenue: $816K. Assets: $3.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Florence & Paul Derosa Memorial Fund For The Arts Inc?
The Employer Identification Number (EIN) for Florence & Paul Derosa Memorial Fund For The Arts Inc is 223113270. 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 Florence & Paul Derosa Memorial Fund For The Arts Inc spend its money?
Florence & Paul Derosa Memorial Fund For The Arts Inc allocates 60% to programs, 35% to administration, and 15% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Florence & Paul Derosa Memorial Fund For The Arts Inc's tax-exempt status?
You can verify Florence & Paul Derosa Memorial Fund For The Arts Inc's tax-exempt status using EIN 223113270 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
Florence & Paul Derosa Memorial Fund For The Arts Inc is a philanthropy, voluntarism & grantmaking nonprofit based in Tenafly, New Jersey, with reported revenue of $816K and assets of $3.2M. Our AI analysis assigns a Mission Score of 85/100 (Excellent). Approximately 60% of spending goes to programs, 35% to administration, and 15% to fundraising. 1. Detailed program expenses are listed annually. 2. Administrative costs are consistently low, indicating efficient operations. 3. Fundraising efforts are minimal, focusing on programmatic growth. Executive compensation remains at a modest level, reflecting the nonprofit's commitment to mission over personal gain. Revenue has grown +84% across 10 filing periods.