Quick charity verification for Mindbuilders Creative Arts Inc (EIN: 132988157)
Verdict: Mindbuilders Creative Arts Inc appears trustworthy
90/100Mission Score
$3.5MRevenue
$14.1MAssets
2Red Flags
5Strengths
Red Flags
Significant increase in liabilities in 2023 ($15,152,000) without clear explanation in summary data
Unusually low (0%) reported officer compensation for an organization of this size, which might indicate alternative compensation structures or reliance on volunteers that could impact long-term sustainability if not clearly understood.
Strengths
Consistent asset growth over the past decade, from $7.9 million in 2014 to $14.3 million in 2023.
Strong revenue generation, with the 2023 period showing $5,694,102 in revenue against $3,561,517 in expenses, indicating financial health.
0% reported officer compensation across all available filings, suggesting a high dedication of resources to mission.
Positive net income (revenue exceeding expenses) in most reported periods, contributing to financial stability and growth.
Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance.
Spending Breakdown
How Mindbuilders Creative Arts 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
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 Mindbuilders Creative Arts Inc
Is Mindbuilders Creative Arts Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mindbuilders Creative Arts Inc (EIN: 132988157) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
Is Mindbuilders Creative Arts Inc a good charity to donate to?
Mindbuilders Creative Arts Inc has a Mission Score of 90/100. Revenue: $3.5M. Assets: $14.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Mindbuilders Creative Arts Inc?
The Employer Identification Number (EIN) for Mindbuilders Creative Arts Inc is 132988157. 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 Mindbuilders Creative Arts Inc spend its money?
Mindbuilders Creative Arts Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Mindbuilders Creative Arts Inc's tax-exempt status?
You can verify Mindbuilders Creative Arts Inc's tax-exempt status using EIN 132988157 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
Mindbuilders Creative Arts Inc demonstrates a generally healthy financial position with consistent growth in assets over the past decade, increasing from $7.9 million in 2014 to over $14.3 million in 2023. The organization has shown strong revenue generation, particularly in the most recent filing period (202306) with $5,694,102, significantly exceeding expenses of $3,561,517. This indicates a robust capacity to fund its programs and build reserves.
Spending efficiency appears strong, as evidenced by the consistent surplus of revenue over expenses in most years, allowing for asset accumulation. The organization's commitment to transparency is commendable, with a clear history of IRS 990 filings and a reported 0% officer compensation across all available periods, which is a significant positive indicator for donor trust and resource allocation directly to mission-related activities. The substantial increase in liabilities in 2023 to $15,152,000, while assets also grew, warrants further investigation to understand its nature and impact on long-term financial stability.
Overall, Mindbuilders Creative Arts Inc appears to be a well-managed organization financially, effectively growing its resources to support its mission. The absence of officer compensation is a standout feature, suggesting a strong focus on program delivery rather than executive enrichment. The recent increase in liabilities should be monitored, but the overall trend of asset growth and revenue generation is positive.