Is Tolovana Arts Colony Legit?

Strengths

Strong and consistent revenue growth, particularly in recent periods (e.g., $141,899 in 202408).
Consistent asset growth over time, from $31,649 in 201508 to $124,483 in 202408.
0% officer compensation reported across all filings, indicating high efficiency and volunteer leadership.
Expenses consistently lower than revenue, leading to financial surpluses and asset accumulation.
Long history of IRS 990 filings (14 filings), demonstrating transparency and compliance.

Spending Breakdown

How Tolovana Arts Colony allocates its funds across programs, administration, and fundraising.

85%

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 Tolovana Arts Colony

Is Tolovana Arts Colony a legitimate charity?

Based on AI analysis of IRS 990 filings, Tolovana Arts Colony (EIN: 203451097) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.

Is Tolovana Arts Colony a good charity to donate to?

Tolovana Arts Colony has a Mission Score of 90/100. Revenue: $147K. Assets: $156K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Tolovana Arts Colony?

The Employer Identification Number (EIN) for Tolovana Arts Colony is 203451097. 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 Tolovana Arts Colony spend its money?

Tolovana Arts Colony allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Tolovana Arts Colony's tax-exempt status?

You can verify Tolovana Arts Colony's tax-exempt status using EIN 203451097 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

Tolovana Arts Colony demonstrates a generally healthy financial trajectory, with recent filings showing significant growth in revenue and assets. In the 202408 period, revenue reached $141,899, a substantial increase from previous years, and assets grew to $124,483. The organization consistently reports 0% officer compensation, indicating a volunteer-led or very lean administrative structure, which is positive for donor confidence. However, the 202408 filing also shows liabilities of $196, which, while small, is the first reported liability in the provided history, warranting a closer look at its nature.

Spending efficiency appears strong, particularly given the absence of executive compensation. The organization's expenses have generally remained below revenue, allowing for asset growth. For example, in 202408, expenses were $122,818 against $141,899 in revenue, resulting in a surplus. The consistent growth in assets from $31,649 in 201508 to $124,483 in 202408 further underscores sound financial management and the ability to build reserves.

Transparency is high due to the consistent filing of IRS Form 990s over 14 periods and the clear reporting of financial metrics. The lack of officer compensation is a key indicator of a focus on mission over administrative overhead. The organization's financial data suggests a well-managed, community-focused entity with a strong commitment to its artistic mission.

Verdict: Tolovana Arts Colony appears trustworthy

Red Flags