Quick charity verification for Foundation For Independent Artists Inc (EIN: 133082845)
Verdict: Foundation For Independent Artists Inc appears trustworthy
75/100Mission Score
$3.2MRevenue
$2.3MAssets
3Red Flags
3Strengths
Red Flags
Expenses exceeding revenue in the two most recent fiscal periods (202306 and 202406), indicating potential financial unsustainability.
Significant decline in assets from $3,689,287 in 202206 to $2,258,441 in 202406.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data makes it difficult to fully assess spending efficiency.
Strengths
Consistent filing of IRS Form 990s over 14 periods, demonstrating strong transparency.
Reported 0% officer compensation across all filings, indicating a commitment to minimizing executive overhead.
Historically strong revenue growth, from $746,416 in 201506 to over $3 million in recent years.
Spending Breakdown
How Foundation For Independent Artists Inc 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 Foundation For Independent Artists Inc
Is Foundation For Independent Artists Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Foundation For Independent Artists Inc (EIN: 133082845) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is Foundation For Independent Artists Inc a good charity to donate to?
Foundation For Independent Artists Inc has a Mission Score of 75/100. Revenue: $3.2M. Assets: $2.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Foundation For Independent Artists Inc?
The Employer Identification Number (EIN) for Foundation For Independent Artists Inc is 133082845. 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 Independent Artists Inc spend its money?
Foundation For Independent Artists Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Foundation For Independent Artists Inc's tax-exempt status?
You can verify Foundation For Independent Artists Inc's tax-exempt status using EIN 133082845 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 Independent Artists Inc demonstrates a fluctuating financial performance over the past several years. While revenue has generally grown, the latest filing (Period 202406) shows expenses of $4,006,562 significantly exceeding revenue of $3,187,143, resulting in a deficit. This trend of expenses outpacing revenue is also visible in the 202306 period. However, prior years like 202206 and 202106 showed healthy surpluses, indicating variability in their financial operations. The organization's assets have also shown considerable fluctuation, peaking in 202206 at $3,689,287 and decreasing to $2,258,441 in the latest period, while liabilities remain relatively low.
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing executive overhead, which is a positive indicator for efficiency. The significant year-over-year changes in revenue and expenses warrant closer examination to understand the underlying operational dynamics and sustainability.
In terms of transparency, the consistent filing of IRS Form 990s over 14 periods is a strong positive. The absence of reported officer compensation is also a transparent practice. However, without more granular expense data, a complete picture of their spending allocation remains somewhat opaque. The organization's financial health appears to be in a period of adjustment, with recent deficits needing to be addressed to ensure long-term stability, especially given the decrease in assets.