Is Big Brothers Big Sisters Of Rhode Island Inc Legit?
Quick charity verification for Big Brothers Big Sisters Of Rhode Island Inc (EIN: 222606942)
Verdict: Big Brothers Big Sisters Of Rhode Island Inc appears trustworthy
85/100Mission Score
$6.6MRevenue
$5.7MAssets
2Red Flags
3Strengths
Red Flags
Total revenue has seen a significant decline from $2,630,809 in 2021 to $1,711,687 in 2022 and further to $2,120,128 in 2023, raising concerns about long-term financial sustainability.
While program spending is high, the overall decrease in revenue could impact the scale and reach of future programs.
Strengths
Consistently high percentage of expenses dedicated to programs (implied by the spending breakdown), indicating a strong focus on their mission.
Healthy asset growth over the years, from $1,510,682 in 2016 to $5,708,331 in 2023, demonstrating good financial management and accumulation of resources.
The organization has maintained a positive net asset position, with assets consistently exceeding liabilities.
Spending Breakdown
How Big Brothers Big Sisters Of Rhode Island Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 Big Brothers Big Sisters Of Rhode Island Inc
Is Big Brothers Big Sisters Of Rhode Island Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Big Brothers Big Sisters Of Rhode Island Inc (EIN: 222606942) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Big Brothers Big Sisters Of Rhode Island Inc a good charity to donate to?
Big Brothers Big Sisters Of Rhode Island Inc has a Mission Score of 85/100. Revenue: $6.6M. Assets: $5.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Big Brothers Big Sisters Of Rhode Island Inc?
The Employer Identification Number (EIN) for Big Brothers Big Sisters Of Rhode Island Inc is 222606942. 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 Big Brothers Big Sisters Of Rhode Island Inc spend its money?
Big Brothers Big Sisters Of Rhode Island Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Big Brothers Big Sisters Of Rhode Island Inc's tax-exempt status?
You can verify Big Brothers Big Sisters Of Rhode Island Inc's tax-exempt status using EIN 222606942 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
Big Brothers Big Sisters Of Rhode Island Inc is a unknown nonprofit based in Providence, Rhode Island, with reported revenue of $6.6M and assets of $5.7M. Our AI analysis assigns a Mission Score of 85/100 (Excellent). Approximately 75% of spending goes to programs, 15% to administration, and 10% to fundraising. Executive compensation is not explicitly detailed in the provided data, as the 'c' field consistently shows 0% for compensation to officers, directors, trustees, and key employees from unrelated organizations, suggesting direct compensation details would require deeper analysis of their Form 990s. Revenue has grown +137% across 13 filing periods.