Is Free Arts For Abused Children Of New York City Inc Legit?
Quick charity verification for Free Arts For Abused Children Of New York City Inc (EIN: 133958495)
Verdict: Free Arts For Abused Children Of New York City Inc appears trustworthy
90/100Mission Score
$5.6MRevenue
$2.8MAssets
3Red Flags
4Strengths
Red Flags
Significant increase in liabilities in 2023 ($1,053,481 from $82,113 in 2022)
Deficit in 2023 (expenses $2,511,428 vs. revenue $2,024,987)
Unusually low (0%) reported officer compensation for an organization of this size, which may obscure true administrative costs.
Strengths
Strong asset growth over the past five years, from $885,246 in 2019 to $3,007,970 in 2023.
Consistent revenue generation, generally exceeding $2 million annually.
No reported officer compensation, suggesting a high proportion of funds directed to mission.
Consistent filing of IRS Form 990s, indicating good transparency.
Spending Breakdown
How Free Arts For Abused Children Of New York City 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 Free Arts For Abused Children Of New York City Inc
Is Free Arts For Abused Children Of New York City Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Free Arts For Abused Children Of New York City Inc (EIN: 133958495) appears trustworthy. Mission Score: 90/100. 3 red flags identified, 4 strengths noted.
Is Free Arts For Abused Children Of New York City Inc a good charity to donate to?
Free Arts For Abused Children Of New York City Inc has a Mission Score of 90/100. Revenue: $5.6M. Assets: $2.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Free Arts For Abused Children Of New York City Inc?
The Employer Identification Number (EIN) for Free Arts For Abused Children Of New York City Inc is 133958495. 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 Free Arts For Abused Children Of New York City Inc spend its money?
Free Arts For Abused Children Of New York City Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Free Arts For Abused Children Of New York City Inc's tax-exempt status?
You can verify Free Arts For Abused Children Of New York City Inc's tax-exempt status using EIN 133958495 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
Free Arts For Abused Children Of New York City Inc demonstrates a generally healthy financial trajectory, with consistent revenue generation over the past decade. While the organization experienced a deficit in 2023, with expenses of $2,511,428 exceeding revenue of $2,024,987, this appears to be an anomaly given the surpluses in the preceding years (e.g., 2022 revenue of $3,103,123 against expenses of $2,091,989). The organization has also shown significant growth in assets, increasing from $885,246 in 2019 to $3,007,970 in 2023, indicating good financial management and accumulation of resources.
The organization's spending efficiency is commendable, particularly given the consistent reporting of 0% officer compensation across all available filings. This suggests that a very high proportion of funds are directed towards program services and operational costs rather than executive salaries. The substantial increase in liabilities in 2023 to $1,053,481, compared to $82,113 in 2022, warrants closer examination to understand its nature and potential impact on future financial stability. However, overall, the organization appears to be fiscally responsible and focused on its mission.
Transparency is strong, evidenced by the consistent filing of IRS Form 990s and the clear reporting of financial metrics. The absence of officer compensation is a significant positive indicator of the organization's commitment to directing resources to its mission. The detailed financial history provided allows for a thorough assessment of its financial health and operational trends.