Is Harding Fine Arts Academy Inc Legit?

Quick charity verification for Harding Fine Arts Academy Inc (EIN: 200011370)

Verdict: Harding Fine Arts Academy Inc appears trustworthy

85/100Mission Score
$4.3MRevenue
$1.1MAssets
1Red Flags
4Strengths

Red Flags

Strengths

Spending Breakdown

How Harding Fine Arts Academy 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 Harding Fine Arts Academy Inc

Is Harding Fine Arts Academy Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Harding Fine Arts Academy Inc (EIN: 200011370) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is Harding Fine Arts Academy Inc a good charity to donate to?

Harding Fine Arts Academy Inc has a Mission Score of 85/100. Revenue: $4.3M. Assets: $1.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Harding Fine Arts Academy Inc?

The Employer Identification Number (EIN) for Harding Fine Arts Academy Inc is 200011370. 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 Harding Fine Arts Academy Inc spend its money?

Harding Fine Arts Academy Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Harding Fine Arts Academy Inc's tax-exempt status?

You can verify Harding Fine Arts Academy Inc's tax-exempt status using EIN 200011370 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

Harding Fine Arts Academy Inc. demonstrates a generally stable financial trajectory, with consistent revenue growth over the past several years, culminating in $4,279,170 in the 202306 period. The organization has managed its expenses effectively, with revenues exceeding expenses in the most recent filing period ($4,279,170 revenue vs. $4,027,031 expenses), indicating sound financial management and an ability to generate a surplus. Asset growth is also evident, reaching $831,170 in 202306, suggesting increasing capacity. The organization's spending efficiency appears strong, particularly given the consistent absence of reported officer compensation, which suggests resources are being directed towards its mission rather than executive salaries. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial health, marked by positive net assets and revenue growth, points to efficient operations. The consistent filing of IRS 990s over 14 periods also indicates a commitment to transparency and regulatory compliance.

View Full Transparency Report →

Disclaimer

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

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