Is Young Concert Artists Inc Legit?

Quick charity verification for Young Concert Artists Inc (EIN: 131951681)

Verdict: Young Concert Artists Inc appears trustworthy

85/100Mission Score

$6.9MRevenue

$12.4MAssets

2Red Flags

4Strengths

Red Flags

Fluctuating revenue with occasional deficits (e.g., 202306: expenses $3,838,282 > revenue $3,531,153) requires careful monitoring.
Lack of detailed functional expense breakdown in provided data makes a precise assessment of program vs. admin spending difficult.

Strengths

Strong and consistent asset base, with assets reaching $12,447,677.
Zero reported officer compensation across all filings, indicating high transparency and potentially efficient use of funds.
Relatively low liabilities compared to assets, suggesting good financial management.
Significant revenue growth in the latest period ($6,891,674).

Spending Breakdown

How Young Concert Artists Inc 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 Young Concert Artists Inc

Is Young Concert Artists Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Young Concert Artists Inc (EIN: 131951681) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Young Concert Artists Inc a good charity to donate to?

Young Concert Artists Inc has a Mission Score of 85/100. Revenue: $6.9M. Assets: $12.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Young Concert Artists Inc?

The Employer Identification Number (EIN) for Young Concert Artists Inc is 131951681. 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 Young Concert Artists Inc spend its money?

Young Concert Artists Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Young Concert Artists Inc's tax-exempt status?

You can verify Young Concert Artists Inc's tax-exempt status using EIN 131951681 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

Young Concert Artists Inc. demonstrates a generally stable financial position with assets consistently above $9 million over the past decade, reaching $12,447,677 in the latest filing. While revenue has fluctuated, with a notable peak of $6,891,674 in the latest period, the organization has managed its expenses, often operating with a slight deficit or surplus. For instance, in 202306, expenses ($3,838,282) exceeded revenue ($3,531,153), but in 202206, revenue ($3,975,354) surpassed expenses ($3,527,094). This indicates a need for careful financial management to maintain long-term sustainability.

The organization's transparency is commendable regarding executive compensation, reporting 0% for officer compensation across all available filings. This suggests that the highest-paid individuals are not compensated through traditional officer salaries, or that such compensation is minimal and not reported in this category, which is a positive indicator for donor trust. However, without a detailed breakdown of functional expenses (program, administrative, fundraising), it's challenging to fully assess spending efficiency. The consistent asset base and low liabilities (e.g., $1,433,453 in 202306 relative to $10,965,859 in assets) suggest prudent financial stewardship.

Overall, Young Concert Artists Inc. appears to be a financially sound organization with a strong asset base and a commitment to transparency regarding executive pay. Further analysis of functional expenses would provide a more complete picture of spending efficiency, but the available data suggests a well-managed entity focused on its mission.

View Full Transparency Report →

Disclaimer

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