Is Aquidneck Foundation Legit?

Spending Breakdown

How Aquidneck Foundation allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Aquidneck Foundation

Is Aquidneck Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Aquidneck Foundation (EIN: 133102904) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 2 strengths noted.

Is Aquidneck Foundation a good charity to donate to?

Aquidneck Foundation has a Mission Score of 75/100. Revenue: $364K. Assets: $69K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Aquidneck Foundation?

The Employer Identification Number (EIN) for Aquidneck Foundation is 133102904. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Aquidneck Foundation spend its money?

Aquidneck Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Aquidneck Foundation's tax-exempt status?

You can verify Aquidneck Foundation's tax-exempt status using EIN 133102904 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The Aquidneck Foundation exhibits inconsistent financial activity over the past decade, with significant fluctuations in both revenue and expenses. For instance, revenue peaked at $2,148,666 in 2022, while in other years it was significantly lower, such as $85,302 in 2021. This volatility makes it challenging to assess long-term financial stability. The organization consistently reports minimal liabilities, often just $1, which suggests a low debt burden. However, assets have also seen considerable variation, from over $1 million in 2013-2014 to $68,502 currently, indicating a potential draw-down or reallocation of resources over time.

The organization consistently reports 0% officer compensation across all available filings, which is a strong indicator of volunteer leadership and efficient use of funds for administrative overhead related to salaries. This practice enhances spending efficiency by directing more resources towards programmatic activities rather than executive pay. The lack of detailed expense breakdowns in the provided data, beyond total expenses, limits a precise assessment of program spending versus administrative or fundraising costs. However, the absence of officer compensation is a positive sign for transparency and resource allocation.

Given the available data, the Aquidneck Foundation appears to operate with a lean administrative structure, at least in terms of executive salaries. The significant swings in revenue and expenses, coupled with a substantial decrease in assets over the long term, warrant further investigation into the nature of its activities and funding model. While the low liabilities and zero officer compensation are positive, the overall financial picture suggests an organization with a dynamic and potentially unpredictable funding environment.

Verdict: Aquidneck Foundation appears trustworthy

Red Flags

Strengths