Quick charity verification for Performing Arts Centers Of Key West Inc (EIN: 201681971)
Verdict: Performing Arts Centers Of Key West Inc appears trustworthy
80/100Mission Score
$1.3MRevenue
$1.1MAssets
2Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation may obscure actual leadership costs if compensation is reported elsewhere.
Expenses occasionally exceed revenue, as seen in 2023 ($984,364 expenses vs. $959,964 revenue), which could lead to drawing down reserves if not managed carefully.
Strengths
Consistent revenue generation over a decade, demonstrating resilience.
Steady growth in assets, indicating increasing financial stability.
Low liabilities relative to assets, suggesting good financial management.
No reported officer compensation, potentially maximizing funds for mission-related activities.
Spending Breakdown
How Performing Arts Centers Of Key West 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 Performing Arts Centers Of Key West Inc
Is Performing Arts Centers Of Key West Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Performing Arts Centers Of Key West Inc (EIN: 201681971) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
Is Performing Arts Centers Of Key West Inc a good charity to donate to?
Performing Arts Centers Of Key West Inc has a Mission Score of 80/100. Revenue: $1.3M. Assets: $1.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Performing Arts Centers Of Key West Inc?
The Employer Identification Number (EIN) for Performing Arts Centers Of Key West Inc is 201681971. 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 Centers Of Key West Inc spend its money?
Performing Arts Centers Of Key West Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Performing Arts Centers Of Key West Inc's tax-exempt status?
You can verify Performing Arts Centers Of Key West Inc's tax-exempt status using EIN 201681971 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
Performing Arts Centers Of Key West Inc demonstrates a generally stable financial position with consistent revenue streams over the past decade, though there have been fluctuations. For instance, revenue peaked at $1,440,430 in 2015 but saw a dip to $342,579 in 2021 before recovering to $959,964 in 2023. The organization consistently spends close to its revenue, as seen in 2023 where expenses were $984,364 against $959,964 in revenue, indicating a tight operational budget. Assets have shown steady growth, reaching $912,407 in 2023, which is a positive indicator of long-term stability.
One notable aspect is the consistent reporting of 0% officer compensation across all available filings. This suggests either a volunteer-led executive team or that compensation is reported under different categories, which could impact the perceived transparency regarding leadership costs. The organization's liabilities have generally remained manageable relative to its assets, with the highest recent liability being $154,149 in 2023 against $912,407 in assets. Overall, the organization appears to be fiscally responsible, managing its resources to support its mission.