Quick charity verification for Performa Inc (EIN: 201286572)
Verdict: Performa Inc appears trustworthy
85/100Mission Score
$1.9MRevenue
$874KAssets
1Red Flags
4Strengths
Red Flags
Fluctuating financial performance with periods of significant deficits (e.g., 202206, 202006, 201906, 201806, 201606, 201406 where expenses exceeded revenue).
Strengths
Strong financial rebound in the latest filing (202306) with a substantial surplus of $970,916.
Consistent reporting of 0% officer compensation across all filings, indicating high efficiency in executive pay.
Significant growth in assets to $1,427,264 in 2023, enhancing long-term stability.
Positive net assets (Assets exceeding Liabilities) in most recent filing ($1,427,264 assets vs $626,426 liabilities).
Spending Breakdown
How Performa Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
10%
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 Performa Inc
Is Performa Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Performa Inc (EIN: 201286572) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Performa Inc a good charity to donate to?
Performa Inc has a Mission Score of 85/100. Revenue: $1.9M. Assets: $874K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Performa Inc?
The Employer Identification Number (EIN) for Performa Inc is 201286572. 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 Performa Inc spend its money?
Performa Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Performa Inc's tax-exempt status?
You can verify Performa Inc's tax-exempt status using EIN 201286572 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
Performa Inc. demonstrates a fluctuating but generally stable financial position over the past decade. In the most recent filing (202306), the organization reported strong revenue of $2,779,202 against expenses of $1,808,286, resulting in a significant surplus and an increase in assets to $1,427,264. This marks a positive rebound from the previous period (202206) where expenses ($2,406,156) exceeded revenue ($1,895,743).
The organization's asset base has shown considerable growth, nearly tripling from $522,855 in 2022 to $1,427,264 in 2023, indicating improved financial health and capacity. A notable aspect of Performa Inc.'s financial management is the consistent reporting of 0% officer compensation across all available filings, which suggests a commitment to directing funds towards its mission rather than executive salaries. While specific program spending ratios are not provided in the raw data, the absence of executive compensation is a strong indicator of financial transparency and efficiency.
Overall, Performa Inc. appears to be a financially sound organization, particularly given its recent positive financial performance. The consistent lack of officer compensation enhances its transparency profile, suggesting that resources are being managed prudently. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a complete assessment of spending efficiency is challenging.