Quick charity verification for Friday After 5 Incorporated (EIN: 201743489)
Verdict: Friday After 5 Incorporated appears trustworthy
75/100Mission Score
$189KRevenue
$734Assets
2Red Flags
4Strengths
Red Flags
Consistent operational deficits in the last three reported periods (2021-2023)
Significant decline in assets from $228,989 in 2020 to $32,145 in 2023
Strengths
Zero officer compensation, indicating volunteer leadership and low administrative overhead
Consistent history of IRS 990 filings, demonstrating transparency
Zero liabilities reported across all periods, indicating no outstanding debt
Strong program focus as implied by the nature of the organization and lack of executive compensation
Spending Breakdown
How Friday After 5 Incorporated 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 Friday After 5 Incorporated
Is Friday After 5 Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Friday After 5 Incorporated (EIN: 201743489) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Friday After 5 Incorporated a good charity to donate to?
Friday After 5 Incorporated has a Mission Score of 75/100. Revenue: $189K. Assets: $734. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Friday After 5 Incorporated?
The Employer Identification Number (EIN) for Friday After 5 Incorporated is 201743489. 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 Friday After 5 Incorporated spend its money?
Friday After 5 Incorporated allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Friday After 5 Incorporated's tax-exempt status?
You can verify Friday After 5 Incorporated's tax-exempt status using EIN 201743489 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
Friday After 5 Incorporated demonstrates a consistent operational history, providing free summer concerts in Owensboro, KY. The organization's financial health shows some variability in recent years, with expenses exceeding revenue in the last three reported periods (2021-2023). For instance, in 2023, expenses were $189,890 against revenues of $181,047, indicating a deficit. This trend has led to a decrease in assets from a high of $228,989 in 2020 to $32,145 in 2023. While the organization has maintained zero liabilities across all reported periods, the declining asset base due to operational deficits warrants attention.
The spending efficiency appears to be focused on program delivery, as indicated by the absence of officer compensation and the nature of their mission. However, without a detailed breakdown of expenses beyond total expenses, it's challenging to precisely assess the efficiency of program spending versus administrative or fundraising costs. The consistent reporting of zero officer compensation suggests a volunteer-driven leadership, which is a positive indicator for minimizing overhead.
Transparency is generally good, with 13 filings available, demonstrating a commitment to public disclosure. The consistent reporting of zero liabilities is also a strong point, indicating sound financial management in terms of debt. However, the recent trend of spending more than they earn could become a long-term sustainability concern if not addressed.