Is Framingham Public Access Corporation…

Quick charity verification for Framingham Public Access Corporation (EIN: 161774076)

Strengths

Consistent asset growth, from $822,085 in 2014 to $1,878,091 in 2023, demonstrating strong financial management.
Zero reported officer compensation across all 13 filings, indicating high efficiency in resource allocation.
Stable revenue streams, consistently above $600,000 since 2016, ensuring operational continuity.
Low liabilities relative to assets, indicating strong financial stability and solvency.
Consistent generation of surpluses (e.g., $31,303 in 2023) allowing for reinvestment and growth.

Spending Breakdown

How Framingham Public Access Corporation allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Framingham Public Access Corporation

Is Framingham Public Access Corporation a legitimate charity?

Based on AI analysis of IRS 990 filings, Framingham Public Access Corporation (EIN: 161774076) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.

Is Framingham Public Access Corporation a good charity to donate to?

Framingham Public Access Corporation has a Mission Score of 92/100. Revenue: $673K. Assets: $1.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Framingham Public Access Corporation?

The Employer Identification Number (EIN) for Framingham Public Access Corporation is 161774076. 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 Framingham Public Access Corporation spend its money?

Framingham Public Access Corporation allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Framingham Public Access Corporation's tax-exempt status?

You can verify Framingham Public Access Corporation's tax-exempt status using EIN 161774076 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

Framingham Public Access Corporation demonstrates consistent financial health with stable revenues and growing assets over the past decade. In the latest filing (202312), the organization reported revenues of $731,859 against expenses of $700,556, indicating a modest surplus. Its assets have steadily increased from $822,085 in 2014 to $1,878,091 in 2023, suggesting sound financial management and accumulation of resources. The organization's liabilities remain relatively low compared to its assets, with $99,591 in 2023, which is a positive indicator of financial stability.

The organization's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This suggests that a very high proportion of its expenses are directed towards its operational activities rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the absence of officer compensation is a significant positive for efficiency and donor trust. The consistent surplus generation also allows for asset growth, which can support long-term sustainability.

Transparency is high, as evidenced by the readily available and consistent IRS 990 filings over 13 periods. The clear reporting of revenue, expenses, assets, liabilities, and officer compensation for each period provides a comprehensive view of its financial operations. The lack of officer compensation further enhances its transparency profile, as it removes a common area of scrutiny for nonprofits. Overall, Framingham Public Access Corporation appears to be a financially sound and transparent organization.

Is Framingham Public Access Corporation Legit?

Verdict: Framingham Public Access Corporation appears trustworthy

Red Flags