Is North American Folk Music And Dance Alliance Inc Legit?
Quick charity verification for North American Folk Music And Dance Alliance Inc (EIN: 200644377)
Verdict: North American Folk Music And Dance Alliance Inc appears trustworthy
85/100Mission Score
$98KRevenue
$128KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent financial surpluses in most recent years (e.g., $76,445 revenue vs. $64,846 expenses in 2023).
Zero reported officer compensation across all 13 filings, indicating efficient use of funds for leadership.
Growing asset base, from $72,500 in 2014 to $86,581 in 2023, demonstrating financial stability.
Significant reduction in liabilities from $59,528 in 2020 to $3,793 in 2023, improving financial health.
Long history of IRS 990 filings (13 filings), indicating transparency and compliance.
Spending Breakdown
How North American Folk Music And Dance Alliance 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 North American Folk Music And Dance Alliance Inc
Is North American Folk Music And Dance Alliance Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, North American Folk Music And Dance Alliance Inc (EIN: 200644377) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is North American Folk Music And Dance Alliance Inc a good charity to donate to?
North American Folk Music And Dance Alliance Inc has a Mission Score of 85/100. Revenue: $98K. Assets: $128K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for North American Folk Music And Dance Alliance Inc?
The Employer Identification Number (EIN) for North American Folk Music And Dance Alliance Inc is 200644377. 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 North American Folk Music And Dance Alliance Inc spend its money?
North American Folk Music And Dance Alliance Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify North American Folk Music And Dance Alliance Inc's tax-exempt status?
You can verify North American Folk Music And Dance Alliance Inc's tax-exempt status using EIN 200644377 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
North American Folk Music And Dance Alliance Inc demonstrates consistent financial operations, with revenues generally exceeding expenses in recent years, contributing to a steady growth in assets. For instance, in 2023, revenue was $76,445 against expenses of $64,846, resulting in a surplus. The organization's assets have grown from $72,500 in 2014 to $86,581 in 2023, indicating sound financial management and accumulation of resources. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of volunteer leadership or very modest operational scale, which is a positive indicator for donor confidence regarding executive pay.
While specific program spending percentages are not detailed in the provided data, the overall financial health appears stable for an organization of its size. The liabilities have remained relatively low compared to assets, with a notable decrease from $59,528 in 2020 to $3,793 in 2023, indicating effective debt management. The organization's revenue has fluctuated, with a peak of $210,428 in 2021, but has maintained a positive net income in most periods, demonstrating an ability to sustain its operations.
Transparency is high regarding executive compensation, as it consistently reports 0% officer compensation. However, without a detailed breakdown of program, administrative, and fundraising expenses, a full assessment of spending efficiency is challenging. The consistent filing of IRS Form 990s over 13 periods reflects a commitment to regulatory compliance and public disclosure.