Is Formosan Association For Public Affair…

Quick charity verification for Formosan Association For Public Affair Inc (EIN: 112615291)

Spending Breakdown

How Formosan Association For Public Affair Inc allocates its funds across programs, administration, and fundraising.

75%

Program Spending

Healthy — majority goes to mission

15%

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 Formosan Association For Public Affair Inc

Is Formosan Association For Public Affair Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Formosan Association For Public Affair Inc (EIN: 112615291) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.

Is Formosan Association For Public Affair Inc a good charity to donate to?

Formosan Association For Public Affair Inc has a Mission Score of 70/100. Revenue: $906K. Assets: $4.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Formosan Association For Public Affair Inc?

The Employer Identification Number (EIN) for Formosan Association For Public Affair Inc is 112615291. 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 Formosan Association For Public Affair Inc spend its money?

Formosan Association For Public Affair Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Formosan Association For Public Affair Inc's tax-exempt status?

You can verify Formosan Association For Public Affair Inc's tax-exempt status using EIN 112615291 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 Formosan Association For Public Affair Inc demonstrates a mixed financial picture. While the organization has maintained substantial assets, reaching $4,853,153 in its latest filing, its revenue has shown significant volatility, including a negative revenue of $-2,692,133 in 202212. This fluctuation makes it challenging to assess consistent financial health. Program spending appears to be a strong focus, with 75% of expenses directed towards programs, indicating a commitment to its mission. However, the lack of reported officer compensation across all filings raises questions about the completeness of compensation disclosures or if all leadership roles are purely voluntary.

The organization's spending efficiency, particularly in the latest period, shows a high proportion of expenses going to programs. With 75% of spending on programs, 15% on administration, and 10% on fundraising, the allocation is generally favorable for a nonprofit. The administrative and fundraising costs are within reasonable bounds, suggesting efficient operational management and fundraising efforts relative to the program delivery. The significant swings in revenue, however, warrant closer examination to understand their underlying causes and long-term sustainability.

Transparency regarding executive compensation is a notable area for improvement. The consistent reporting of 0% officer compensation across all 12 filings, despite significant revenue and expenses, is unusual for an organization of this size and operational scope. While it's possible that all officers are unpaid volunteers, this lack of detail could be perceived as a transparency gap. The organization's asset base has grown considerably over the years, from $2,374,547 in 201312 to $4,853,153 currently, indicating good asset management despite revenue fluctuations.

Is Formosan Association For Public Affair Inc Legit?

Verdict: Formosan Association For Public Affair Inc appears trustworthy

Red Flags

Strengths