Is Friends Of Arts Council Of Greater Denham Springs Inc Legit?
Quick charity verification for Friends Of Arts Council Of Greater Denham Springs Inc (EIN: 10558440)
Verdict: Friends Of Arts Council Of Greater Denham Springs Inc appears trustworthy
85/100Mission Score
$1.2MRevenue
$355KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Significant revenue growth from $143,969 in 2020 to $640,425 in 2022, demonstrating strong fundraising capacity.
Consistent reporting of 0% officer compensation, indicating efficient use of funds and volunteer leadership.
Healthy asset growth from $61,282 in 2020 to $292,807 in 2022, strengthening the organization's financial foundation.
Consistent filing of IRS 990 forms over 13 periods, indicating good compliance and transparency.
Positive net income in recent years (e.g., $100,267 in 2022), contributing to asset accumulation.
AI Transparency Report
Friends Of Arts Council Of Greater Denham Springs Inc has demonstrated significant growth in recent years, with revenue increasing from $143,969 in 2020 to $640,425 in 2022, and total assets growing from $61,282 to $292,807 over the same period. This indicates a strong upward trajectory in financial capacity. The organization consistently reports 0% officer compensation, which is a positive indicator of volunteer leadership and efficient use of funds for its mission. However, without detailed expense breakdowns for program, administrative, and fundraising costs, a precise assessment of spending efficiency is challenging. The consistent filing of IRS 990 forms over 13 periods suggests a commitment to regulatory compliance and transparency.