Quick charity verification for Foundation For Contemporary Arts Inc (EIN: 131978163)
Verdict: Foundation For Contemporary Arts Inc appears trustworthy
92/100Mission Score
$11.0MRevenue
$55.4MAssets
1Red Flags
4Strengths
Red Flags
Unusually low or zero reported officer compensation for an organization of this size, which may obscure actual executive remuneration practices.
Strengths
Consistent generation of significant financial surpluses, indicating strong financial management (e.g., 2023 revenue of $6,433,716 vs. expenses of $3,263,683).
Steady growth in assets over time, from $35,701,394 in 2019 to $50,346,689 in 2023, enhancing long-term stability.
Excellent spending efficiency, with expenses consistently well below revenue across all reported periods.
Robust filing history with 13 IRS 990 filings, demonstrating commitment to regulatory compliance and transparency.
Spending Breakdown
How Foundation For Contemporary Arts Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Foundation For Contemporary Arts Inc
Is Foundation For Contemporary Arts Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Foundation For Contemporary Arts Inc (EIN: 131978163) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
Is Foundation For Contemporary Arts Inc a good charity to donate to?
Foundation For Contemporary Arts Inc has a Mission Score of 92/100. Revenue: $11.0M. Assets: $55.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Foundation For Contemporary Arts Inc?
The Employer Identification Number (EIN) for Foundation For Contemporary Arts Inc is 131978163. 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 Foundation For Contemporary Arts Inc spend its money?
Foundation For Contemporary Arts Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Foundation For Contemporary Arts Inc's tax-exempt status?
You can verify Foundation For Contemporary Arts Inc's tax-exempt status using EIN 131978163 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
Foundation For Contemporary Arts Inc demonstrates strong financial health and efficient spending. Over the past five years, the organization has consistently maintained a healthy surplus, with revenue significantly exceeding expenses. For instance, in 2023, revenue was $6,433,716 against expenses of $3,263,683, indicating a substantial reinvestment capacity or growth in reserves. The organization's assets have also shown consistent growth, increasing from $35,701,394 in 2019 to $50,346,689 in 2023, suggesting sound financial management and accumulation of resources to support its mission.
Spending efficiency appears to be a core strength, as evidenced by the consistent positive net income across all reported periods. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial picture suggests that a significant portion of funds are available for mission-related activities after covering operational costs. The absence of reported officer compensation further enhances the perception of efficiency and dedication to mission over executive remuneration.
In terms of transparency, the organization has a robust filing history with 13 IRS 990 filings, indicating consistent compliance with regulatory requirements. The consistent reporting of zero officer compensation is a notable point, suggesting that leadership may be volunteer-based or compensated through other means not categorized as officer compensation, which could be further clarified for complete transparency. Overall, the financial data points to a well-managed and financially stable organization.