Quick charity verification for The Barn Studio Of Art Inc (EIN: 10896176)
Verdict: The Barn Studio Of Art Inc appears trustworthy
92/100Mission Score
$214KRevenue
$87KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation, indicating high efficiency in leadership costs.
No reported liabilities in recent years, demonstrating strong financial health and responsible management.
Revenues consistently meet or exceed expenses, ensuring operational sustainability.
Regular and extensive IRS 990 filing history (13 filings), indicating strong transparency.
Growth in assets over time, suggesting prudent financial stewardship and building reserves.
Spending Breakdown
How The Barn Studio Of Art Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 The Barn Studio Of Art Inc
Is The Barn Studio Of Art Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Barn Studio Of Art Inc (EIN: 10896176) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is The Barn Studio Of Art Inc a good charity to donate to?
The Barn Studio Of Art Inc has a Mission Score of 92/100. Revenue: $214K. Assets: $87K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Barn Studio Of Art Inc?
The Employer Identification Number (EIN) for The Barn Studio Of Art Inc is 10896176. 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 The Barn Studio Of Art Inc spend its money?
The Barn Studio Of Art Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Barn Studio Of Art Inc's tax-exempt status?
You can verify The Barn Studio Of Art Inc's tax-exempt status using EIN 10896176 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
The Barn Studio Of Art Inc demonstrates consistent financial stability, with revenues generally exceeding expenses over the past decade, as evidenced by the latest filing showing $141,423 in revenue against $140,635 in expenses for 2023. The organization maintains a healthy financial position with no reported liabilities in recent years, indicating sound financial management. Their assets have shown growth, reaching $36,316 in 2023 from $29,786 in 2020, suggesting a prudent approach to building reserves.
Spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This indicates that the organization's leadership is likely volunteer-based or compensated through other means not classified as officer compensation, allowing a greater proportion of funds to be directed towards its mission. Without detailed expense breakdowns, it's challenging to precisely determine program vs. administrative spending, but the absence of executive compensation is a positive indicator for efficiency.
Transparency is high regarding executive compensation, as the 0% reported officer compensation is a clear and consistent data point. The regular filing of IRS Form 990s over 13 periods further enhances transparency, providing a comprehensive historical financial record for public scrutiny. The consistent lack of liabilities also points to responsible financial stewardship.