Fuquay Varina Arts Foundation Inc
EIN: 465290303 · Fuquay Varina, NC · NTEE: A61
Is Fuquay Varina Arts Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Fuquay Varina Arts Foundation Inc
Fuquay Varina Arts Foundation Inc (EIN: 465290303) is a nonprofit organization based in Fuquay Varina, NC, classified under NTEE code A61. The organization reported total revenue of $5.2M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fuquay Varina Arts Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fuquay Varina Arts Foundation Inc is a mid-size nonprofit that has been operating for 12 years, with 6 years of IRS 990 filings on record (2014–2019).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -103.1% | +586.0% | +6.6% |
| 2018 | +98128.9% | -39.3% | -4.7% |
| 2016 | -159.2% | +404.2% | -15.7% |
| 2015 | -91.5% | -45.7% | +6.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Fuquay Varina Arts Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Fuquay Varina Arts Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
Frequently Asked Questions about Fuquay Varina Arts Foundation Inc
Is Fuquay Varina Arts Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fuquay Varina Arts Foundation Inc (EIN: 465290303) insufficient data. 0 red flags identified, 0 strengths noted.
How does Fuquay Varina Arts Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Fuquay Varina Arts Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Fuquay Varina Arts Foundation Inc tax-deductible?
Fuquay Varina Arts Foundation Inc is registered as a tax-exempt nonprofit (EIN: 465290303). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Fuquay Varina Arts Foundation Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2014–2019), Fuquay Varina Arts Foundation Inc's revenue has declined by 100.8%, moving from $998K to $-7,919. Total assets increased by 10.8% over the same period, from $958K to $1.1M. Total functional expenses rose by 197.4%, from $40K to $119K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $-7,919 | $119K | $1.1M | $0 | — | View 990 |
| 2018 | $251K | $17K | $996K | $0 | — | View 990 |
| 2017 | $256 | $29K | $1.0M | $213K | — | View 990 |
| 2016 | $-50,139 | $110K | $861K | $0 | — | View 990 |
| 2015 | $85K | $22K | $1.0M | $0 | — | View 990 |
| 2014 | $998K | $40K | $958K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $-7,919, expenses of $119K, and assets of $1.1M (revenue -103.1% year-over-year).
- 2018: Revenue of $251K, expenses of $17K, and assets of $996K (revenue +98128.9% year-over-year).
- 2017: Revenue of $256, expenses of $29K, and assets of $1.0M.
- 2016: Revenue of $-50,139, expenses of $110K, and assets of $861K (revenue -159.2% year-over-year).
- 2015: Revenue of $85K, expenses of $22K, and assets of $1.0M (revenue -91.5% year-over-year).
- 2014: Revenue of $998K, expenses of $40K, and assets of $958K.
Data Sources and Methodology
This transparency report for Fuquay Varina Arts Foundation 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.