Is Forest Acres Restaurant And Merchants Association Legit?
Quick charity verification for Forest Acres Restaurant And Merchants Association (EIN: 203790348)
Verdict: Forest Acres Restaurant And Merchants Association appears trustworthy
85/100Mission Score
$247KRevenue
$109KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Strong financial recovery and surplus in the latest period (Revenue $246,695 vs. Expenses $138,528 in 2020).
Significant asset growth to $109,023 in 2020, indicating improved financial health.
Consistent reporting of 0% officer compensation, suggesting efficient use of funds for leadership.
Zero liabilities reported across all filings, demonstrating sound financial management and no debt.
Consistent IRS 990 filing history, indicating good transparency practices.
Spending Breakdown
How Forest Acres Restaurant And Merchants Association 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 Forest Acres Restaurant And Merchants Association
Is Forest Acres Restaurant And Merchants Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Forest Acres Restaurant And Merchants Association (EIN: 203790348) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is Forest Acres Restaurant And Merchants Association a good charity to donate to?
Forest Acres Restaurant And Merchants Association has a Mission Score of 85/100. Revenue: $247K. Assets: $109K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Forest Acres Restaurant And Merchants Association?
The Employer Identification Number (EIN) for Forest Acres Restaurant And Merchants Association is 203790348. 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 Forest Acres Restaurant And Merchants Association spend its money?
Forest Acres Restaurant And Merchants Association allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Forest Acres Restaurant And Merchants Association's tax-exempt status?
You can verify Forest Acres Restaurant And Merchants Association's tax-exempt status using EIN 203790348 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 Forest Acres Restaurant And Merchants Association demonstrates a generally stable financial position, with its latest filing showing revenue of $246,695 significantly exceeding expenses of $138,528, leading to a substantial increase in assets to $109,023. This marks a positive turnaround from previous years where expenses often outpaced revenue, such as in 2019 ($230,263 expenses vs. $229,682 revenue) and 2018 ($225,015 expenses vs. $215,700 revenue). The organization consistently reports zero liabilities, indicating sound financial management and no reliance on debt.
Spending efficiency appears to be strong, particularly in the most recent period, where the organization managed to operate with expenses significantly lower than its income. While specific program spending details are not provided in the summary data, the overall financial health suggests effective resource allocation. The consistent reporting of 0% officer compensation across all filings indicates that the organization is likely volunteer-led or compensates its leadership through non-salary means, which can be a positive indicator for donor confidence.
Transparency is generally good given the consistent filing of IRS Form 990s. The absence of officer compensation, while potentially a strength, could also raise questions about how leadership is structured and compensated if not through traditional salaries, which would require deeper investigation into the full 990 forms. The clear trend of asset growth in the latest period, from $856 in 2019 to $109,023 in 2020, reflects improved financial stewardship and accumulation of reserves.