Aurea
Aurea maintains stable finances with volunteer leadership and low liabilities.
EIN: 202229979 · Providence, RI · NTEE: A600 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $69K |
| Total Expenses | $54K |
| Program Spending | 90% |
| Net Assets | $51K |
| Transparency Score | 92/100 |
Is Aurea Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Aurea directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Aurea
Aurea (EIN: 202229979) is a nonprofit organization based in Providence, RI, classified under NTEE code A600. The organization reported total revenue of $69K and total assets of $67K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Aurea's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Aurea is a micro nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $57K |
| Total Expenses | $54K |
| Surplus / Deficit | +$2K |
| Total Assets | $51K |
| Total Liabilities | $11 |
| Net Assets | $51K |
| Operating Margin | 4.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 11.3 months |
Financial Health Grade: A
In 2023, Aurea reported a surplus of $2K with revenue exceeding expenses, holds 11.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Aurea's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +36.1% | +38.2% | +4.9% |
| 2022 | -29.2% | +6.1% | +5.1% |
| 2021 | +22.9% | -18.8% | +88.5% |
| 2020 | +5.1% | +6.7% | +10.1% |
| 2019 | +2.8% | -23.8% | +14.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Aurea with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Aurea allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Aurea reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based. This is highly commendable for an organization of its size, as it significantly reduces administrative overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Aurea:
- Consistent financial stability with assets exceeding liabilities (e.g., $51,318 assets vs. $11 liabilities in 2023).
- Volunteer-led organization with 0% officer compensation reported across all filings.
- Efficient expense management, with expenses closely tracking revenue.
- Low liabilities, indicating strong financial health and minimal debt burden.
Frequently Asked Questions about Aurea
Is Aurea a legitimate charity?
Based on AI analysis of IRS 990 filings, Aurea (EIN: 202229979) appears legitimate. Mission Score: 92/100. 0 red flags identified, 4 strengths noted.
How does Aurea spend its money?
Aurea directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Aurea tax-deductible?
Aurea is registered as a tax-exempt nonprofit (EIN: 202229979). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Aurea compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Aurea is above average for NTEE category A600 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Aurea located?
Aurea is headquartered in Providence, Rhode Island and files with the IRS under EIN 202229979. It is classified under NTEE code A600.
How many years of IRS 990 filings does Aurea have?
Aurea has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $69K in total revenue.
Is Aurea a good charity?
Based on its financial data, Aurea appears to be a good charity. It demonstrates strong financial stability with assets consistently exceeding minimal liabilities, and its leadership is entirely volunteer-based, ensuring funds are directed towards its mission rather than executive salaries.
How does Aurea manage its expenses relative to its revenue?
Aurea generally manages its expenses closely to its revenue. For example, in 2023, expenses were $54,369 against revenues of $56,753, indicating efficient use of funds without significant surpluses or deficits.
What is Aurea's approach to executive compensation?
Aurea has a highly commendable approach to executive compensation, reporting 0% officer compensation in all available filings. This indicates a volunteer-led organization, which is a strong positive for donor confidence and resource allocation.
Filing History
IRS 990 filing history for Aurea showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Aurea's revenue has grown by 36.5%, moving from $42K to $57K. Total assets increased by 706.9% over the same period, from $6K to $51K. Total functional expenses rose by 34.8%, from $40K to $54K. In its most recent filing year (2023), Aurea reported a surplus of $2K, with revenue exceeding expenses. The organization holds $11 in liabilities against $51K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $51K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $57K | $54K | $51K | $11 | — | — |
| 2022 | $42K | $39K | $49K | $11 | — | View 990 |
| 2021 | $59K | $37K | $47K | $11 | — | — |
| 2020 | $48K | $46K | $25K | $0 | — | — |
| 2019 | $46K | $43K | $22K | $0 | — | View 990 |
| 2018 | $44K | $56K | $20K | $0 | — | View 990 |
| 2017 | $62K | $61K | $31K | $0 | — | View 990 |
| 2016 | $59K | $53K | $30K | $0 | — | View 990 |
| 2015 | $61K | $72K | $24K | $0 | — | View 990 |
| 2014 | $49K | $27K | $36K | $0 | — | View 990 |
| 2013 | $44K | $48K | $14K | $0 | — | View 990 |
| 2012 | $45K | $33K | $18K | $0 | — | View 990 |
| 2011 | $42K | $40K | $6K | $246 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $57K, expenses of $54K, and assets of $51K (revenue +36.1% year-over-year).
- 2022: Revenue of $42K, expenses of $39K, and assets of $49K (revenue -29.2% year-over-year).
- 2021: Revenue of $59K, expenses of $37K, and assets of $47K (revenue +22.9% year-over-year).
- 2020: Revenue of $48K, expenses of $46K, and assets of $25K (revenue +5.1% year-over-year).
- 2019: Revenue of $46K, expenses of $43K, and assets of $22K (revenue +2.8% year-over-year).
- 2018: Revenue of $44K, expenses of $56K, and assets of $20K (revenue -28.3% year-over-year).
- 2017: Revenue of $62K, expenses of $61K, and assets of $31K (revenue +4.4% year-over-year).
- 2016: Revenue of $59K, expenses of $53K, and assets of $30K (revenue -2.2% year-over-year).
- 2015: Revenue of $61K, expenses of $72K, and assets of $24K (revenue +23.1% year-over-year).
- 2014: Revenue of $49K, expenses of $27K, and assets of $36K (revenue +11.8% year-over-year).
- 2013: Revenue of $44K, expenses of $48K, and assets of $14K (revenue -1.9% year-over-year).
- 2012: Revenue of $45K, expenses of $33K, and assets of $18K (revenue +8.1% year-over-year).
- 2011: Revenue of $42K, expenses of $40K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Aurea:
Data Sources and Methodology
This transparency report for Aurea is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.