Quick charity verification for Fmw Medspa Inc (EIN: 155083499)
Verdict: Fmw Medspa Inc appears trustworthy
75/100Mission Score
$686KRevenue
$33KAssets
1Red Flags
3Strengths
Red Flags
Lack of detailed expense breakdown (program, admin, fundraising) in provided data, limiting full efficiency assessment.
Strengths
Significant revenue growth from $90,102 in 2021 to $624,531 in 2023, indicating strong operational expansion.
Consistent reporting of 0% officer compensation, suggesting efficient use of funds or volunteer leadership.
Reduction in liabilities from $11,750 in 2021 to $9,250 in 2023, demonstrating good financial management.
Spending Breakdown
How Fmw Medspa Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Fmw Medspa Inc
Is Fmw Medspa Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fmw Medspa Inc (EIN: 155083499) appears trustworthy. Mission Score: 75/100. 1 red flag identified, 3 strengths noted.
Is Fmw Medspa Inc a good charity to donate to?
Fmw Medspa Inc has a Mission Score of 75/100. Revenue: $686K. Assets: $33K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Fmw Medspa Inc?
The Employer Identification Number (EIN) for Fmw Medspa Inc is 155083499. 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 Fmw Medspa Inc spend its money?
Fmw Medspa Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Fmw Medspa Inc's tax-exempt status?
You can verify Fmw Medspa Inc's tax-exempt status using EIN 155083499 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
Fmw Medspa Inc has demonstrated significant growth in revenue over the past three years, from $90,102 in 2021 to $624,531 in 2023. This indicates a rapidly expanding operation. The organization consistently reports 0% officer compensation, which is a positive sign for donor confidence and suggests that leadership is either volunteer-based or compensated through other means not categorized as officer compensation on the 990-EZ. However, the latest available assets of $32,858 are relatively low compared to the latest revenue of $685,589, suggesting a lean operational model or significant reinvestment of funds. The organization's liabilities have decreased from $11,750 in 2021 to $9,250 in 2023, indicating good financial management in reducing debt.
While the provided data shows strong revenue growth and no reported officer compensation, a detailed breakdown of program, administrative, and fundraising expenses is not available in the provided summary. This lack of granular spending data makes it challenging to fully assess spending efficiency and the proportion of funds directly allocated to programs versus overhead. The NTEE code W12 (Medical Research) suggests a focus on research, but without expense details, it's difficult to confirm the direct impact of their spending on this mission.
Overall, Fmw Medspa Inc appears to be a growing organization with prudent management of liabilities and no reported officer compensation. However, the limited financial detail in the provided summary restricts a comprehensive assessment of its spending efficiency and transparency beyond these high-level observations. Further investigation into their program activities and detailed expense allocations would provide a clearer picture of their financial health and impact.