Is Rangeley Friends Of The Performing Arts Inc Legit?
Quick charity verification for Rangeley Friends Of The Performing Arts Inc (EIN: 10385416)
Verdict: Rangeley Friends Of The Performing Arts Inc appears trustworthy
90/100Mission Score
$315KRevenue
$1.5MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, from $13,111 in 2014 to $285,608 in 2023.
Significant asset accumulation, growing from $712,583 in 2014 to $1,421,117 in 2023.
0% officer compensation reported across all filings, indicating efficient use of funds.
Low liabilities relative to assets, suggesting strong financial stability.
Consistent filing of IRS 990s over 14 periods, demonstrating transparency.
Spending Breakdown
How Rangeley Friends Of The Performing Arts 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 Rangeley Friends Of The Performing Arts Inc
Is Rangeley Friends Of The Performing Arts Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rangeley Friends Of The Performing Arts Inc (EIN: 10385416) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Rangeley Friends Of The Performing Arts Inc a good charity to donate to?
Rangeley Friends Of The Performing Arts Inc has a Mission Score of 90/100. Revenue: $315K. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Rangeley Friends Of The Performing Arts Inc?
The Employer Identification Number (EIN) for Rangeley Friends Of The Performing Arts Inc is 10385416. 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 Rangeley Friends Of The Performing Arts Inc spend its money?
Rangeley Friends Of The Performing Arts Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Rangeley Friends Of The Performing Arts Inc's tax-exempt status?
You can verify Rangeley Friends Of The Performing Arts Inc's tax-exempt status using EIN 10385416 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
Rangeley Friends Of The Performing Arts Inc demonstrates consistent financial growth and strong asset accumulation over the past decade. Revenue has steadily increased from $13,111 in 2014 to $285,608 in 2023, while assets have grown significantly from $712,583 to $1,421,117 in the same period. The organization consistently reports 0% officer compensation, indicating a volunteer-led or very lean executive structure, which is a positive sign for donor confidence and efficient use of funds. Their liabilities remain relatively low compared to their assets, suggesting good financial management and stability.
The organization's spending efficiency appears strong, particularly in recent years where revenue has outpaced expenses, leading to healthy surpluses. For instance, in 2022, revenue was $273,824 against expenses of $87,298, indicating a substantial portion of income was retained or invested. While specific program spending ratios are not detailed in the provided data, the absence of officer compensation and the overall financial health suggest a focus on mission. The consistent filing of IRS 990s over 14 periods demonstrates a commitment to transparency.