Quick charity verification for Public Art Fund Inc (EIN: 132898805)
Verdict: Public Art Fund Inc appears trustworthy
90/100Mission Score
$7.2MRevenue
$9.7MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, reaching over $10 million in 202312.
Positive net income in recent years, such as $1,337,933 in 202312.
No reported officer compensation across all available filings, indicating high efficiency.
Manageable liabilities relative to assets, demonstrating financial stability.
Strong revenue generation, with the latest reported revenue at $7,227,403.
Spending Breakdown
How Public Art Fund 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 Public Art Fund Inc
Is Public Art Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Public Art Fund Inc (EIN: 132898805) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Public Art Fund Inc a good charity to donate to?
Public Art Fund Inc has a Mission Score of 90/100. Revenue: $7.2M. Assets: $9.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Public Art Fund Inc?
The Employer Identification Number (EIN) for Public Art Fund Inc is 132898805. 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 Public Art Fund Inc spend its money?
Public Art Fund Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Public Art Fund Inc's tax-exempt status?
You can verify Public Art Fund Inc's tax-exempt status using EIN 132898805 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
Public Art Fund Inc demonstrates a generally healthy financial position with consistent revenue generation and asset growth over the past several years. In the most recent filing (202312), the organization reported revenues of $6,895,069 against expenses of $5,557,136, indicating a surplus. Assets have steadily increased, reaching $10,243,666 in 202312, while liabilities remain manageable at $1,472,193. This suggests good financial stewardship and a strong balance sheet.
The organization's spending efficiency appears robust, with expenses consistently lower than or comparable to revenue in most periods, particularly in 202312. The absence of reported officer compensation across all available filings is a significant positive indicator for transparency and efficient use of funds, suggesting that executive leadership may be compensated through other means or that the organization operates with a volunteer leadership structure, which is highly commendable. Further details on program, administrative, and fundraising expenses would provide a more granular view of spending efficiency.
Overall, Public Art Fund Inc exhibits strong financial health, responsible asset management, and a high degree of transparency regarding executive compensation. The consistent growth in assets and the positive net income in recent years position the organization well for future program delivery. The lack of reported officer compensation is a notable strength, enhancing its appeal to donors seeking efficient and transparent charities.