Is Steep Rock Arts Association Co Legit? —…

Quick charity verification for Steep Rock Arts Association Co (EIN: 203065933)

Red Flags

Significant and consistent decline in revenue from $124,014 in 2020 to $32,000 in 2022.
Expenses frequently exceed revenue, as seen in 2022 ($41,084 expenses vs. $32,000 revenue) and 2021 ($70,103 expenses vs. $62,950 revenue), indicating potential operational deficits.
Declining asset base from $31,742 in 2020 to $15,505 in 2022, suggesting a reduction in financial reserves.
Small asset base ($15,505 in 2022) relative to expenses, which could limit resilience during financial downturns.

Spending Breakdown

How Steep Rock Arts Association Co allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

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 Steep Rock Arts Association Co

Is Steep Rock Arts Association Co a legitimate charity?

Based on AI analysis of IRS 990 filings, Steep Rock Arts Association Co (EIN: 203065933) shows mixed signals. Mission Score: 65/100. 4 red flags identified, 4 strengths noted.

Is Steep Rock Arts Association Co a good charity to donate to?

Steep Rock Arts Association Co has a Mission Score of 65/100. Revenue: $10K. Assets: $16K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Steep Rock Arts Association Co?

The Employer Identification Number (EIN) for Steep Rock Arts Association Co is 203065933. 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 Steep Rock Arts Association Co spend its money?

Steep Rock Arts Association Co allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Steep Rock Arts Association Co's tax-exempt status?

You can verify Steep Rock Arts Association Co's tax-exempt status using EIN 203065933 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

Steep Rock Arts Association Co appears to be a small arts organization with fluctuating financial activity. Over the past few years, the organization has experienced a significant decline in revenue, from a peak of $124,014 in 2020 to $32,000 in 2022. This downward trend in revenue, coupled with expenses exceeding revenue in most recent periods (e.g., $41,084 expenses vs. $32,000 revenue in 2022), suggests potential financial instability. The organization consistently reports minimal liabilities ($1), which is a positive indicator of not carrying significant debt. However, the declining asset base, from $31,742 in 2020 to $15,505 in 2022, further reflects a shrinking financial footprint.

The organization's transparency is generally good, with 8 filings available, indicating consistent reporting. The absence of officer compensation reported across all available filings suggests that executive leadership may be volunteer-based or compensated through other means not captured as direct officer compensation, which can be a positive for program efficiency if true. However, without a detailed breakdown of expenses, it's challenging to fully assess spending efficiency beyond the top-line revenue and expense figures. The significant drop in revenue and corresponding decrease in assets warrant closer examination of their fundraising strategies and program sustainability.

Overall, while the organization maintains low liabilities and reports no officer compensation, the recent trend of declining revenue and assets, alongside expenses frequently exceeding revenue, points to a need for improved financial management and fundraising efforts to ensure long-term viability. The lack of detailed expense categories in the provided data limits a deeper analysis of program versus administrative spending efficiency.

Is Steep Rock Arts Association Co Legit?

Verdict: Steep Rock Arts Association Co shows mixed signals