Is Warehouse Arts Management Organization Legit?

Quick charity verification for Warehouse Arts Management Organization (EIN: 202732038)

Verdict: Warehouse Arts Management Organization appears trustworthy

85/100Mission Score

$375KRevenue

$1.6MAssets

2Red Flags

4Strengths

Red Flags

Significant increase in liabilities over the past decade, from $230,294 in 2014 to $829,636 in 2023, without clear explanation in the provided data.
Periods where expenses significantly exceeded revenue (e.g., 2021: $314,419 expenses vs. $183,233 revenue), indicating potential operational deficits in those years.

Strengths

Consistent reporting of 0% officer compensation, indicating strong financial efficiency and dedication to mission over executive pay.
Positive trend in total assets, growing from $1,247,614 in 2014 to $1,550,482 currently, demonstrating financial growth and stability.
Consistent filing history (13 filings), indicating good governance and compliance with IRS requirements.
Latest revenue of $374,743 shows a healthy increase from previous years, suggesting growing support or successful fundraising efforts.

Spending Breakdown

How Warehouse Arts Management Organization allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

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 Warehouse Arts Management Organization

Is Warehouse Arts Management Organization a legitimate charity?

Based on AI analysis of IRS 990 filings, Warehouse Arts Management Organization (EIN: 202732038) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Warehouse Arts Management Organization a good charity to donate to?

Warehouse Arts Management Organization has a Mission Score of 85/100. Revenue: $375K. Assets: $1.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Warehouse Arts Management Organization?

The Employer Identification Number (EIN) for Warehouse Arts Management Organization is 202732038. 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 Warehouse Arts Management Organization spend its money?

Warehouse Arts Management Organization allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Warehouse Arts Management Organization's tax-exempt status?

You can verify Warehouse Arts Management Organization's tax-exempt status using EIN 202732038 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

Warehouse Arts Management Organization (WAMO) demonstrates a consistent operational history with 13 filings, indicating a stable presence. Financially, WAMO has shown growth in revenue, increasing from $143,455 in 2014 to $315,454 in 2023, with a notable jump to $374,743 in its latest reported revenue. While expenses have generally been managed below or near revenue in recent years (e.g., $283,267 expenses against $315,454 revenue in 2023), there have been periods where expenses exceeded revenue, such as in 2022 ($285,572 expenses vs. $239,012 revenue) and 2021 ($314,419 expenses vs. $183,233 revenue). This suggests some variability in financial performance, though the overall trend in assets has been upward, reaching $1,550,482. The organization consistently reports 0% officer compensation, which is a strong indicator of financial efficiency and a commitment to directing funds towards its mission rather than executive salaries. This practice enhances transparency and trust, as it suggests a volunteer-driven leadership or very modest compensation not reported as officer pay.

However, the increasing liabilities, from $230,294 in 2014 to $829,636 in 2023, warrant closer examination. While assets have also grown, the significant increase in liabilities could indicate reliance on debt or other obligations. The NTEE code A20 (Arts, Culture & Humanities) suggests a focus on program delivery, and the absence of officer compensation implies a high proportion of funds should be allocated to programs. Without a detailed breakdown of expenses, it's challenging to definitively assess spending efficiency, but the lack of executive compensation is a positive sign for program-centric spending.

Overall, WAMO appears to be a financially stable organization with a strong commitment to transparency regarding executive pay. Its growth in revenue and assets over the past decade is positive, though the rising liabilities should be monitored. The consistent filing history and 0% officer compensation contribute positively to its transparency profile.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.