Fashion Accessories Shippers Association Inc
Fashion Accessories Shippers Association Inc consistently maintains financial stability with growing assets and no reported officer compensation.
EIN: 133397527 · New York, NY · NTEE: S41Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.7M |
| Total Expenses | $5.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $8.1M |
| Transparency Score | 85/100 |
Is Fashion Accessories Shippers Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fashion Accessories Shippers Association Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fashion Accessories Shippers Association Inc
Fashion Accessories Shippers Association Inc (EIN: 133397527) is a nonprofit organization based in New York, NY, classified under NTEE code S41Z. The organization reported total revenue of $8.7M and total assets of $10.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fashion Accessories Shippers Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fashion Accessories Shippers Association Inc is a mid-size nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.0M |
| Total Expenses | $5.0M |
| Surplus / Deficit | +$25K |
| Total Assets | $8.2M |
| Total Liabilities | $128K |
| Net Assets | $8.1M |
| Operating Margin | 0.5% |
| Debt-to-Asset Ratio | 1.6% |
| Months of Reserves | 19.8 months |
Financial Health Grade: A
In 2023, Fashion Accessories Shippers Association Inc reported a surplus of $25K with revenue exceeding expenses, holds 19.8 months of operating reserves (strong position), has a debt-to-asset ratio of 1.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Fashion Accessories Shippers Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.9% | -2.8% | +0.4% |
| 2022 | +1.9% | +7.9% | +13.7% |
| 2021 | +45.5% | +17.9% | +20.6% |
| 2020 | -16.4% | -18.3% | -1.5% |
| 2019 | +20.4% | +12.3% | +3.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Fashion Accessories Shippers Association Inc with a Mission Score of 85 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: 85%
- fundraising: 5%
According to IRS 990 filings, Fashion Accessories Shippers Association Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $25K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either unpaid, volunteer-based, or compensated through mechanisms not categorized as direct officer compensation on the 990, which is highly unusual for an organization with nearly $5 million in annual expenses.
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.
Red Flags
The following concerns were identified during AI analysis of Fashion Accessories Shippers Association Inc's IRS 990 filings:
- Consistent 0% officer compensation for an organization with multi-million dollar revenues, which warrants further investigation into how executive functions are compensated or managed.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary makes a precise efficiency assessment challenging.
Strengths
The following positive indicators were identified for Fashion Accessories Shippers Association Inc:
- Consistent financial stability with growing assets, from $7.2 million in 2014 to $8.1 million in 2023.
- Healthy operating surpluses in most years, indicating sound financial management (e.g., $25,483 surplus in 2023).
- Very low liabilities relative to assets, demonstrating strong liquidity and minimal debt burden.
- Positive net assets growth over the decade, reflecting long-term financial health.
Frequently Asked Questions about Fashion Accessories Shippers Association Inc
Is Fashion Accessories Shippers Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fashion Accessories Shippers Association Inc (EIN: 133397527) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Fashion Accessories Shippers Association Inc spend its money?
Fashion Accessories Shippers Association Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fashion Accessories Shippers Association Inc tax-deductible?
Fashion Accessories Shippers Association Inc is registered as a tax-exempt nonprofit (EIN: 133397527). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Fashion Accessories Shippers Association Inc CEO make?
Fashion Accessories Shippers Association Inc's highest-compensated officer earns $5 annually. The organization reported $8.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Fashion Accessories Shippers Association Inc's spending goes to programs?
Fashion Accessories Shippers Association Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Fashion Accessories Shippers Association Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Fashion Accessories Shippers Association Inc is above average for NTEE category S41Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Fashion Accessories Shippers Association Inc located?
Fashion Accessories Shippers Association Inc is headquartered in New York, New York and files with the IRS under EIN 133397527. It is classified under NTEE code S41Z.
How many years of IRS 990 filings does Fashion Accessories Shippers Association Inc have?
Fashion Accessories Shippers Association Inc 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 $8.7M in total revenue.
How does Fashion Accessories Shippers Association Inc manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this size and revenue. It suggests that executive functions might be performed by volunteers, or through contracted services that are not reported as direct officer compensation, or that the organization's structure does not involve paid officers in the traditional sense.
What are the primary programs or services offered by FASA?
Based on the NTEE code S41Z (Trade Associations), FASA likely provides services to its members in the fashion accessories shipping industry, such as advocacy, networking, information sharing, or standard setting. The provided data does not detail specific programs.
What is the organization's strategy for maintaining such low liabilities?
FASA consistently maintains very low liabilities relative to its assets and revenue, indicating a conservative financial management approach, likely avoiding significant debt and managing cash flow effectively to cover obligations promptly.
Filing History
IRS 990 filing history for Fashion Accessories Shippers Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Fashion Accessories Shippers Association Inc's revenue has grown by 89.9%, moving from $2.6M to $5.0M. Total assets increased by 29.2% over the same period, from $6.3M to $8.2M. Total functional expenses rose by 79.8%, from $2.8M to $5.0M. In its most recent filing year (2023), Fashion Accessories Shippers Association Inc reported a surplus of $25K, with revenue exceeding expenses. The organization holds $128K in liabilities against $8.2M in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $8.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.0M | $5.0M | $8.2M | $128K | — | View 990 |
| 2022 | $6.1M | $5.1M | $8.2M | $124K | — | — |
| 2021 | $6.0M | $4.7M | $7.2M | $108K | — | View 990 |
| 2020 | $4.1M | $4.0M | $6.0M | $112K | — | — |
| 2019 | $4.9M | $4.9M | $6.0M | $286K | — | View 990 |
| 2018 | $4.1M | $4.4M | $5.8M | $55K | — | View 990 |
| 2017 | $4.4M | $4.5M | $6.2M | $92K | — | — |
| 2016 | $3.3M | $4.3M | $6.2M | $45K | — | View 990 |
| 2015 | $4.1M | $4.3M | $7.2M | $35K | — | View 990 |
| 2014 | $3.7M | $3.5M | $7.2M | $2K | — | View 990 |
| 2013 | $3.6M | $3.1M | $7.0M | $0 | — | View 990 |
| 2012 | $3.1M | $2.9M | $6.5M | $0 | — | View 990 |
| 2011 | $2.6M | $2.8M | $6.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.0M, expenses of $5.0M, and assets of $8.2M (revenue -17.9% year-over-year).
- 2022: Revenue of $6.1M, expenses of $5.1M, and assets of $8.2M (revenue +1.9% year-over-year).
- 2021: Revenue of $6.0M, expenses of $4.7M, and assets of $7.2M (revenue +45.5% year-over-year).
- 2020: Revenue of $4.1M, expenses of $4.0M, and assets of $6.0M (revenue -16.4% year-over-year).
- 2019: Revenue of $4.9M, expenses of $4.9M, and assets of $6.0M (revenue +20.4% year-over-year).
- 2018: Revenue of $4.1M, expenses of $4.4M, and assets of $5.8M (revenue -8.2% year-over-year).
- 2017: Revenue of $4.4M, expenses of $4.5M, and assets of $6.2M (revenue +32.5% year-over-year).
- 2016: Revenue of $3.3M, expenses of $4.3M, and assets of $6.2M (revenue -19.2% year-over-year).
- 2015: Revenue of $4.1M, expenses of $4.3M, and assets of $7.2M (revenue +11.4% year-over-year).
- 2014: Revenue of $3.7M, expenses of $3.5M, and assets of $7.2M (revenue +3.0% year-over-year).
- 2013: Revenue of $3.6M, expenses of $3.1M, and assets of $7.0M (revenue +17.4% year-over-year).
- 2012: Revenue of $3.1M, expenses of $2.9M, and assets of $6.5M (revenue +16.9% year-over-year).
- 2011: Revenue of $2.6M, expenses of $2.8M, and assets of $6.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fashion Accessories Shippers Association Inc:
Data Sources and Methodology
This transparency report for Fashion Accessories Shippers Association Inc 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.