Is Redux Contemporary Art Center Legit? —…

Quick charity verification for Redux Contemporary Art Center (EIN: 20633345)

Strengths

Consistent revenue growth, from $175,101 in 2014 to $711,175 in 2023.
Positive net income in most recent years, indicating sustainable operations (e.g., $62,059 surplus in 2023).
Zero reported officer compensation across all filings, demonstrating a strong commitment to mission-focused spending.
Significant reduction in liabilities from $228,906 in 2020 to $120,349 in 2023, improving financial stability.
Consistent filing of IRS Form 990s over 13 periods, indicating strong transparency and compliance.

Spending Breakdown

How Redux Contemporary Art Center allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Redux Contemporary Art Center

Is Redux Contemporary Art Center a legitimate charity?

Based on AI analysis of IRS 990 filings, Redux Contemporary Art Center (EIN: 20633345) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.

Is Redux Contemporary Art Center a good charity to donate to?

Redux Contemporary Art Center has a Mission Score of 90/100. Revenue: $509K. Assets: $223K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Redux Contemporary Art Center?

The Employer Identification Number (EIN) for Redux Contemporary Art Center is 20633345. 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 Redux Contemporary Art Center spend its money?

Redux Contemporary Art Center allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Redux Contemporary Art Center's tax-exempt status?

You can verify Redux Contemporary Art Center's tax-exempt status using EIN 20633345 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

Redux Contemporary Art Center demonstrates consistent financial health, with revenues generally exceeding expenses in recent years, indicating sustainable operations. For instance, in 2023, revenue was $711,175 against expenses of $649,116, resulting in a surplus. The organization's assets have shown growth, increasing from $205,827 in 2020 to $234,992 in 2023, while liabilities have decreased significantly from $228,906 in 2020 to $120,349 in 2023, improving its financial stability. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards its mission rather than executive salaries, enhancing its transparency and public trust.

The organization appears to be efficient in its spending, as evidenced by its ability to maintain a positive net income in most recent periods. The absence of reported officer compensation is a significant positive indicator of financial prudence. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial trends suggest a well-managed operation. The consistent filing of IRS Form 990s over 13 periods also reflects a commitment to regulatory compliance and transparency.

Overall, Redux Contemporary Art Center exhibits sound financial management, a growing asset base, and a commendable approach to executive compensation, all contributing to a positive assessment of its financial health and transparency. The reduction in liabilities over recent years further strengthens its financial position.

Is Redux Contemporary Art Center Legit?

Verdict: Redux Contemporary Art Center appears trustworthy