Quick charity verification for Fortunes Rocks Association (EIN: 16020826)
Verdict: Fortunes Rocks Association shows mixed signals
65/100Mission Score
$147KRevenue
$84KAssets
2Red Flags
1Strengths
Red Flags
NTEE code Y99 (Unknown) indicates a lack of specific categorization, hindering understanding of their mission.
Lack of detailed expense breakdown prevents a thorough assessment of spending efficiency.
Strengths
Reports financial data (revenue and assets), indicating some level of transparency.
Spending Breakdown
How Fortunes Rocks Association 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 Fortunes Rocks Association
Is Fortunes Rocks Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Fortunes Rocks Association (EIN: 16020826) shows mixed signals. Mission Score: 65/100. 2 red flags identified, 1 strength noted.
Is Fortunes Rocks Association a good charity to donate to?
Fortunes Rocks Association has a Mission Score of 65/100. Revenue: $147K. Assets: $84K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Fortunes Rocks Association?
The Employer Identification Number (EIN) for Fortunes Rocks Association is 16020826. 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 Fortunes Rocks Association spend its money?
Fortunes Rocks Association allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Fortunes Rocks Association's tax-exempt status?
You can verify Fortunes Rocks Association's tax-exempt status using EIN 16020826 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 Fortunes Rocks Association, with a reported revenue of $147,071 and assets of $84,045, appears to be a small to medium-sized nonprofit. Without detailed expense breakdowns from their IRS 990 filing, it's challenging to fully assess their spending efficiency. However, given their size, it's crucial to ensure that a significant portion of their revenue is directed towards their stated programs rather than administrative or fundraising overhead.
To provide a comprehensive analysis of their financial health, a deeper dive into their program service accomplishments, detailed expense categories (e.g., salaries, occupancy, professional fees), and balance sheet trends would be necessary. Their NTEE code Y99 (Unknown) suggests a lack of specific categorization, which could be a minor transparency concern, as it doesn't immediately clarify their primary area of work. Further investigation into their mission and activities would be beneficial to understand their impact relative to their financial resources.