Is Footwear Distributors & Retailers Of America Legit?
Quick charity verification for Footwear Distributors & Retailers Of America (EIN: 131506929)
Verdict: Footwear Distributors & Retailers Of America appears trustworthy
75/100Mission Score
$4.5MRevenue
$2.6MAssets
2Red Flags
3Strengths
Red Flags
Operating deficits in the last two reported fiscal periods (2022 and 2023), where expenses exceeded revenue.
Consistent reporting of 0% officer compensation, which may indicate incomplete data or an unusual compensation structure for an organization of this size.
Strengths
Consistent revenue growth over the past decade, from $1.58M in 2014 to $4.00M in 2023.
Strong asset base, growing from $1.28M in 2014 to $2.90M in 2023, indicating financial stability.
History of positive net income in several periods, such as 2021 ($477,260 surplus) and 2020 ($240,445 surplus).
Spending Breakdown
How Footwear Distributors & Retailers Of America allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Footwear Distributors & Retailers Of America
Is Footwear Distributors & Retailers Of America a legitimate charity?
Based on AI analysis of IRS 990 filings, Footwear Distributors & Retailers Of America (EIN: 131506929) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Footwear Distributors & Retailers Of America a good charity to donate to?
Footwear Distributors & Retailers Of America has a Mission Score of 75/100. Revenue: $4.5M. Assets: $2.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Footwear Distributors & Retailers Of America?
The Employer Identification Number (EIN) for Footwear Distributors & Retailers Of America is 131506929. 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 Footwear Distributors & Retailers Of America spend its money?
Footwear Distributors & Retailers Of America allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Footwear Distributors & Retailers Of America's tax-exempt status?
You can verify Footwear Distributors & Retailers Of America's tax-exempt status using EIN 131506929 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
Footwear Distributors & Retailers Of America (FDRA) demonstrates a consistent operational history with revenues generally increasing over the past decade, from $1.58 million in 2014 to $4.00 million in 2023. While the organization has experienced periods of net income, such as in 2021 ($3.06M revenue vs. $2.58M expenses) and 2020 ($2.41M revenue vs. $2.17M expenses), the most recent filing for 2023 shows a deficit where expenses ($4.46M) exceeded revenue ($4.00M). This recent trend of spending more than it earns, also seen in 2022, warrants attention to ensure long-term financial stability.
The organization's assets have grown significantly over the years, from $1.28 million in 2014 to $2.90 million in 2023, indicating a healthy accumulation of resources. Liabilities have also increased, reaching $692,679 in 2023, but remain manageable relative to assets. The consistent reporting of 0% officer compensation across all available filings suggests that executive compensation is either not reported in this section or is indeed zero, which is a notable aspect of its financial structure.
Overall, FDRA appears to be a financially stable organization with a strong asset base and a history of revenue growth. However, the recent trend of operating deficits in 2022 and 2023 suggests a need for careful management of expenses relative to revenue to maintain its financial health. The lack of reported officer compensation in the provided data points to a potential area for further inquiry regarding executive remuneration practices, or it could indicate a highly efficient, volunteer-led executive structure.