Formosan Association For Public Affair Inc
Formosan Association For Public Affair Inc shows strong program spending but highly volatile revenue and no reported officer compensation.
EIN: 112615291 · Washington, DC · NTEE: O50Z · Updated: 2026-03-28
Is Formosan Association For Public Affair Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Formosan Association For Public Affair Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Formosan Association For Public Affair Inc
Formosan Association For Public Affair Inc (EIN: 112615291) is a nonprofit organization based in Washington, DC, classified under NTEE code O50Z. The organization reported total revenue of $906K and total assets of $4.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Formosan Association For Public Affair Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Formosan Association For Public Affair Inc is a small nonprofit that has been operating for 39 years, with 12 years of IRS 990 filings on record (2011–2022).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -213.3% | +132.0% | -45.9% |
| 2021 | +104.8% | -4.6% | +34.0% |
| 2020 | -15.2% | -55.6% | +14.0% |
| 2019 | +46.9% | +22.9% | +10.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Formosan Association For Public Affair Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Formosan Association For Public Affair Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 1.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all 12 filings, which is unusual for an organization with annual expenses often exceeding $500,000 and assets in the millions, suggesting either an all-volunteer leadership or incomplete disclosure.
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 Formosan Association For Public Affair Inc's IRS 990 filings:
- Highly volatile revenue, including a significant negative revenue of $-2,692,133 in 202212.
- Consistent reporting of 0% officer compensation across all 12 filings, which is unusual for an organization of this size.
- Large swings in assets, such as the drop from $7,828,385 in 202112 to $4,238,624 in 202212.
Strengths
The following positive indicators were identified for Formosan Association For Public Affair Inc:
- Strong program spending ratio of 75% of total expenses.
- Consistent growth in assets over the long term, from $2.37M in 2013 to $4.85M currently.
- Relatively low administrative and fundraising costs (15% and 10% respectively).
Frequently Asked Questions about Formosan Association For Public Affair Inc
Is Formosan Association For Public Affair Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Formosan Association For Public Affair Inc (EIN: 112615291) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Formosan Association For Public Affair Inc spend its money?
Formosan Association For Public Affair Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Formosan Association For Public Affair Inc tax-deductible?
Formosan Association For Public Affair Inc is registered as a tax-exempt nonprofit (EIN: 112615291). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Formosan Association For Public Affair Inc a good charity?
The Formosan Association For Public Affair Inc appears to be a good charity in terms of program focus, dedicating 75% of its spending to programs. However, the extreme volatility in revenue and the consistent reporting of 0% officer compensation across all filings are unusual and warrant further investigation for a complete assessment.
Why is officer compensation consistently reported as 0%?
The IRS 990 filings consistently show 0% officer compensation. This could indicate that all officers are unpaid volunteers, or there may be an alternative compensation structure not captured in this specific line item, or a reporting anomaly.
What caused the significant negative revenue in 202212?
The filing for period 202212 shows a negative revenue of $-2,692,133. This is a substantial anomaly that would typically be explained by significant asset write-downs, investment losses, or a major return of funds, and requires further context from the organization.
How does the organization manage its assets given the revenue fluctuations?
Despite significant revenue fluctuations, the organization has consistently grown its assets from $2,374,547 in 201312 to $4,853,153 currently, suggesting effective long-term asset management strategies that buffer against income volatility.
Filing History
IRS 990 filing history for Formosan Association For Public Affair Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Formosan Association For Public Affair Inc's revenue has declined by 649.8%, moving from $490K to $-2,692,133. Total assets increased by 129.1% over the same period, from $1.9M to $4.2M. Total functional expenses rose by 32.6%, from $689K to $913K. The organization holds $51K in liabilities against $4.2M in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $4.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $-2,692,133 | $913K | $4.2M | $51K | — | View 990 |
| 2021 | $2.4M | $394K | $7.8M | $35K | — | View 990 |
| 2020 | $1.2M | $412K | $5.8M | $34K | — | View 990 |
| 2019 | $1.4M | $930K | $5.1M | $64K | — | View 990 |
| 2018 | $931K | $756K | $4.7M | $147K | — | View 990 |
| 2017 | $-140,378 | $439K | $2.8M | $0 | — | View 990 |
| 2016 | $1.1M | $408K | $3.4M | $0 | — | View 990 |
| 2015 | $813K | $541K | $2.8M | $0 | — | View 990 |
| 2014 | $763K | $658K | $2.5M | $0 | — | View 990 |
| 2013 | $763K | $558K | $2.4M | $0 | — | View 990 |
| 2012 | $918K | $599K | $2.2M | $0 | — | View 990 |
| 2011 | $490K | $689K | $1.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $-2,692,133, expenses of $913K, and assets of $4.2M (revenue -213.3% year-over-year).
- 2021: Revenue of $2.4M, expenses of $394K, and assets of $7.8M (revenue +104.8% year-over-year).
- 2020: Revenue of $1.2M, expenses of $412K, and assets of $5.8M (revenue -15.2% year-over-year).
- 2019: Revenue of $1.4M, expenses of $930K, and assets of $5.1M (revenue +46.9% year-over-year).
- 2018: Revenue of $931K, expenses of $756K, and assets of $4.7M.
- 2017: Revenue of $-140,378, expenses of $439K, and assets of $2.8M (revenue -113.1% year-over-year).
- 2016: Revenue of $1.1M, expenses of $408K, and assets of $3.4M (revenue +32.0% year-over-year).
- 2015: Revenue of $813K, expenses of $541K, and assets of $2.8M (revenue +6.6% year-over-year).
- 2014: Revenue of $763K, expenses of $658K, and assets of $2.5M (revenue +-0.0% year-over-year).
- 2013: Revenue of $763K, expenses of $558K, and assets of $2.4M (revenue -16.9% year-over-year).
- 2012: Revenue of $918K, expenses of $599K, and assets of $2.2M (revenue +87.5% year-over-year).
- 2011: Revenue of $490K, expenses of $689K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Formosan Association For Public Affair Inc:
Data Sources and Methodology
This transparency report for Formosan Association For Public Affair 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.