Friends Of Arts Council Of Greater Denham Springs Inc

Is Friends Of Arts Council Of Greater Denham Springs Inc Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Friends Of Arts Council Of Greater Denham Springs Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Friends Of Arts Council Of Greater Denham Springs Inc

Friends Of Arts Council Of Greater Denham Springs Inc (EIN: 10558440) is a nonprofit organization based in Baton Rouge, LA, classified under NTEE code A26. The organization reported total revenue of $1.2M and total assets of $355K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Arts Council Of Greater Denham Springs Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Friends Of Arts Council Of Greater Denham Springs 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, Friends Of Arts Council Of Greater Denham Springs 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.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly efficient for a nonprofit of its size.

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 Friends Of Arts Council Of Greater Denham Springs Inc:

• Significant revenue growth from $143,969 in 2020 to $640,425 in 2022, demonstrating strong fundraising capacity.
• Consistent reporting of 0% officer compensation, indicating efficient use of funds and volunteer leadership.
• Healthy asset growth from $61,282 in 2020 to $292,807 in 2022, strengthening the organization's financial foundation.
• Consistent filing of IRS 990 forms over 13 periods, indicating good compliance and transparency.
• Positive net income in recent years (e.g., $100,267 in 2022), contributing to asset accumulation.

Frequently Asked Questions about Friends Of Arts Council Of Greater Denham Springs Inc

Filing History

IRS 990 filing history for Friends Of Arts Council Of Greater Denham Springs Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2010–2022), Friends Of Arts Council Of Greater Denham Springs Inc's revenue has grown by 737.5%, moving from $76K to $640K. Total assets increased by 549.7% over the same period, from $45K to $293K. Total functional expenses rose by 653.8%, from $72K to $540K. In its most recent filing year (2022), Friends Of Arts Council Of Greater Denham Springs Inc reported a surplus of $100K, with revenue exceeding expenses. The organization holds $2K in liabilities against $293K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $291K.

Year-by-Year Financial Summary

• 2022: Revenue of $640K, expenses of $540K, and assets of $293K (revenue +50.0% year-over-year).
• 2021: Revenue of $427K, expenses of $296K, and assets of $192K (revenue +196.6% year-over-year).
• 2020: Revenue of $144K, expenses of $118K, and assets of $61K (revenue +13.0% year-over-year).
• 2019: Revenue of $127K, expenses of $150K, and assets of $27K (revenue +4.5% year-over-year).
• 2018: Revenue of $122K, expenses of $138K, and assets of $49K (revenue -2.0% year-over-year).
• 2017: Revenue of $124K, expenses of $102K, and assets of $65K (revenue +237.3% year-over-year).
• 2016: Revenue of $37K, expenses of $25K, and assets of $43K (revenue +26.8% year-over-year).
• 2015: Revenue of $29K, expenses of $43K, and assets of $31K (revenue -58.0% year-over-year).
• 2014: Revenue of $69K, expenses of $44K, and assets of $45K (revenue +186.6% year-over-year).
• 2013: Revenue of $24K, expenses of $47K, and assets of $20K (revenue -43.4% year-over-year).
• 2012: Revenue of $43K, expenses of $53K, and assets of $43K (revenue -56.0% year-over-year).
• 2011: Revenue of $97K, expenses of $89K, and assets of $53K (revenue +26.8% year-over-year).
• 2010: Revenue of $76K, expenses of $72K, and assets of $45K.

Data Sources and Methodology

This transparency report for Friends Of Arts Council Of Greater Denham Springs 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.