Quick charity verification for Legacy Foundation For The Arts Inc (EIN: 200189419)
Verdict: Legacy Foundation For The Arts Inc appears trustworthy
85/100Mission Score
$21KRevenue
$84KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, from $55,067 in 2015 to $75,847 in 2023, indicating financial stability.
Zero reported liabilities across all filings, demonstrating strong financial health.
No reported officer compensation, suggesting efficient use of funds and potentially volunteer leadership.
Consistent surplus in recent years (e.g., $15,242 revenue vs. $8,138 expenses in 2023).
Long history of IRS 990 filings (13 filings), indicating transparency and compliance.
Spending Breakdown
How Legacy Foundation For The Arts Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Legacy Foundation For The Arts Inc
Is Legacy Foundation For The Arts Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Legacy Foundation For The Arts Inc (EIN: 200189419) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is Legacy Foundation For The Arts Inc a good charity to donate to?
Legacy Foundation For The Arts Inc has a Mission Score of 85/100. Revenue: $21K. Assets: $84K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Legacy Foundation For The Arts Inc?
The Employer Identification Number (EIN) for Legacy Foundation For The Arts Inc is 200189419. 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 Legacy Foundation For The Arts Inc spend its money?
Legacy Foundation For The Arts Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Legacy Foundation For The Arts Inc's tax-exempt status?
You can verify Legacy Foundation For The Arts Inc's tax-exempt status using EIN 200189419 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
Legacy Foundation For The Arts Inc appears to be a small, stable organization with consistent, albeit modest, revenue and asset growth over the past decade. Their latest filing shows revenue of $15,242 against expenses of $8,138, indicating a surplus for the period. The organization consistently reports zero liabilities and zero officer compensation, which are strong indicators of financial health and transparency. Their assets have grown from $55,067 in 2015 to $75,847 in 2023, demonstrating prudent financial management and accumulation of resources.
The organization's spending efficiency is commendable, with expenses generally well below revenue, allowing for asset accumulation. The absence of officer compensation suggests that leadership is either volunteer-based or compensated through other means not reported as officer compensation, which can be a positive for donor confidence. However, without a detailed breakdown of expenses, it's challenging to precisely assess the proportion dedicated directly to programs versus administrative or fundraising costs. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to regulatory compliance and transparency.