Is Friends Of Algiers Village Inc Legit?

Quick charity verification for Friends Of Algiers Village Inc (EIN: 201922996)

Verdict: Friends Of Algiers Village Inc appears trustworthy

88/100Mission Score

$88KRevenue

$1.1MAssets

1Red Flags

4Strengths

Red Flags

Highly fluctuating revenue streams, which could pose challenges for consistent long-term planning if not managed with reserves.

Strengths

Consistent reporting of 0% officer compensation, indicating high efficiency in leadership costs.
Strong and growing asset base, consistently over $1 million in recent years, providing financial stability.
Expenses generally well-managed relative to revenue, often resulting in positive net income.
Long filing history (13 filings) demonstrates consistent compliance and transparency.

Spending Breakdown

How Friends Of Algiers Village 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

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 Friends Of Algiers Village Inc

Is Friends Of Algiers Village Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Friends Of Algiers Village Inc (EIN: 201922996) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.

Is Friends Of Algiers Village Inc a good charity to donate to?

Friends Of Algiers Village Inc has a Mission Score of 88/100. Revenue: $88K. Assets: $1.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Friends Of Algiers Village Inc?

The Employer Identification Number (EIN) for Friends Of Algiers Village Inc is 201922996. 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 Friends Of Algiers Village Inc spend its money?

Friends Of Algiers Village Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Friends Of Algiers Village Inc's tax-exempt status?

You can verify Friends Of Algiers Village Inc's tax-exempt status using EIN 201922996 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

Friends Of Algiers Village Inc demonstrates a generally stable financial position, with assets consistently over $1 million in recent years, reaching $1,151,751 in 2023. The organization's revenue has fluctuated significantly, from a low of $67,889 in 2018 to a high of $196,181 in 2016, indicating reliance on variable funding sources. Expenses have remained relatively consistent, typically in the $70,000-$85,000 range, though they increased to $127,216 in 2023. A notable strength is the consistent reporting of 0% officer compensation across all available filings, suggesting a volunteer-driven leadership or very modest compensation not reported as such, which enhances its financial efficiency and transparency regarding executive pay.

The organization's spending efficiency appears strong given the consistent expenses relative to fluctuating revenue, particularly in years with higher revenue where a significant surplus was generated (e.g., $173,385 revenue vs. $85,240 expenses in 2020). The absence of reported officer compensation is a significant positive indicator for transparency and efficient use of funds. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency across these categories is limited. The consistent asset growth, despite some years with expenses exceeding revenue, suggests effective asset management or significant non-operating income.

Overall, Friends Of Algiers Village Inc appears to be a financially sound organization with a strong commitment to minimizing executive costs. Its transparency is bolstered by the clear reporting of no officer compensation. While the exact allocation of expenses across program, administrative, and fundraising activities is not detailed in the provided summary, the overall financial trends suggest a well-managed entity, particularly given its consistent asset base and often positive net income. The fluctuation in revenue warrants attention for long-term sustainability planning.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.