Quick charity verification for Performing Arts Academy Foundation Inc (EIN: 203720304)
Verdict: Performing Arts Academy Foundation Inc has notable concerns
20/100Mission Score
$0Revenue
$0Assets
4Red Flags
1Strengths
Red Flags
Consistent reporting of $0 expenses despite revenue in prior periods
Latest filing shows $0 revenue and $0 assets, indicating potential dormancy or dissolution
Significant decline in financial activity from previous years to the latest filing
Lack of transparency regarding how funds were utilized due to absence of expense reporting
Strengths
No officer compensation reported across all filings
Spending Breakdown
How Performing Arts Academy Foundation Inc allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
0%
Admin Costs
Reasonable — admin costs in check
0%
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 Performing Arts Academy Foundation Inc
Is Performing Arts Academy Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Performing Arts Academy Foundation Inc (EIN: 203720304) has notable concerns. Mission Score: 20/100. 4 red flags identified, 1 strength noted.
Is Performing Arts Academy Foundation Inc a good charity to donate to?
Performing Arts Academy Foundation Inc has a Mission Score of 20/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Performing Arts Academy Foundation Inc?
The Employer Identification Number (EIN) for Performing Arts Academy Foundation Inc is 203720304. 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 Performing Arts Academy Foundation Inc spend its money?
Performing Arts Academy Foundation Inc allocates 0% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Performing Arts Academy Foundation Inc's tax-exempt status?
You can verify Performing Arts Academy Foundation Inc's tax-exempt status using EIN 203720304 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
The Performing Arts Academy Foundation Inc. appears to be a very small organization with minimal financial activity. Its latest filing shows $0 in revenue and assets, which is a significant decline from previous years where revenue ranged from approximately $1,352 to $7,948. A notable concern is the consistent reporting of $0 in expenses across all available filings, despite having revenue and growing assets in earlier periods. This suggests either an error in reporting or that the organization is not actively incurring costs related to its stated mission, which could impact its effectiveness and financial health. The lack of reported expenses makes it difficult to assess spending efficiency or program impact.
The organization's assets grew steadily from $17,071 in 2015 to $33,946 in 2018, before dropping to $0 in the latest period. This volatility, coupled with the absence of reported expenses, raises questions about the organization's operational status and financial stability. While officer compensation has consistently been reported as 0%, which is positive for donor confidence, the overall financial picture is one of an organization that may be dormant or in the process of winding down, given the $0 revenue and assets in the most recent filing. Transparency is limited by the lack of detailed expense reporting, making it challenging to understand how funds, when present, were utilized.