Is Friends Of The Performing Arts Center Inc Legit?
Quick charity verification for Friends Of The Performing Arts Center Inc (EIN: 201803405)
Verdict: Friends Of The Performing Arts Center Inc appears trustworthy
92/100Mission Score
$114KRevenue
$149KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, from $11,122 in 2020 to $129,820 in 2023.
Strong asset accumulation, reaching $144,456 in 2023 from $28,774 in 2014.
Zero reported liabilities across all 13 filings, indicating excellent financial management.
0% officer compensation, suggesting a highly efficient, volunteer-led operation.
Positive net income in most years, contributing to asset growth and sustainability.
Spending Breakdown
How Friends Of The Performing Arts Center Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 The Performing Arts Center Inc
Is Friends Of The Performing Arts Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of The Performing Arts Center Inc (EIN: 201803405) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Friends Of The Performing Arts Center Inc a good charity to donate to?
Friends Of The Performing Arts Center Inc has a Mission Score of 92/100. Revenue: $114K. Assets: $149K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Friends Of The Performing Arts Center Inc?
The Employer Identification Number (EIN) for Friends Of The Performing Arts Center Inc is 201803405. 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 The Performing Arts Center Inc spend its money?
Friends Of The Performing Arts Center Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Friends Of The Performing Arts Center Inc's tax-exempt status?
You can verify Friends Of The Performing Arts Center Inc's tax-exempt status using EIN 201803405 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 The Performing Arts Center Inc demonstrates consistent financial health with a growing asset base and no reported liabilities across all available filings. The organization has shown a positive trend in revenue, with the latest reported revenue at $129,820 in 2023, up from $86,026 in 2022 and significantly higher than earlier years like $11,122 in 2020. Expenses have also increased in line with revenue, indicating active program delivery. The organization's financial management appears sound, consistently maintaining a healthy reserve as evidenced by its increasing assets, which reached $144,456 in 2023.
The organization exhibits strong spending efficiency, particularly given its consistent reporting of 0% officer compensation, suggesting a volunteer-driven leadership model. This contributes to a higher proportion of funds likely being directed towards its mission. The absence of liabilities further underscores prudent financial management. While specific program, administrative, and fundraising expense breakdowns are not explicitly detailed in the provided summary, the overall financial picture suggests a lean operation.
Transparency is high, with 13 filings available and consistent reporting of key financial metrics. The lack of officer compensation is a significant positive indicator for donor confidence. The organization's consistent growth in assets and revenue, coupled with no liabilities, paints a picture of a well-managed and financially stable nonprofit dedicated to its mission.