Is Day Of Portugal And Portuguese Heritage In Ri Inc Legit?
Quick charity verification for Day Of Portugal And Portuguese Heritage In Ri Inc (EIN: 208285748)
Verdict: Day Of Portugal And Portuguese Heritage In Ri Inc shows mixed signals
65/100Mission Score
$85KRevenue
$93KAssets
3Red Flags
3Strengths
Red Flags
Recurring deficits in recent years (e.g., 202312: Expenses $98,855 > Revenue $80,385)
Significant fluctuations in revenue and expenses year-over-year, indicating financial instability
Large increase in liabilities in 202212 ($95,333) relative to revenue and assets
Strengths
Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds for personnel
Long history of IRS 990 filings (14 filings), suggesting transparency and compliance
Growth in assets over the long term, from $27,163 in 2016 to $115,601 in 2023
Spending Breakdown
How Day Of Portugal And Portuguese Heritage In Ri 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 Day Of Portugal And Portuguese Heritage In Ri Inc
Is Day Of Portugal And Portuguese Heritage In Ri Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Day Of Portugal And Portuguese Heritage In Ri Inc (EIN: 208285748) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Day Of Portugal And Portuguese Heritage In Ri Inc a good charity to donate to?
Day Of Portugal And Portuguese Heritage In Ri Inc has a Mission Score of 65/100. Revenue: $85K. Assets: $93K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Day Of Portugal And Portuguese Heritage In Ri Inc?
The Employer Identification Number (EIN) for Day Of Portugal And Portuguese Heritage In Ri Inc is 208285748. 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 Day Of Portugal And Portuguese Heritage In Ri Inc spend its money?
Day Of Portugal And Portuguese Heritage In Ri Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Day Of Portugal And Portuguese Heritage In Ri Inc's tax-exempt status?
You can verify Day Of Portugal And Portuguese Heritage In Ri Inc's tax-exempt status using EIN 208285748 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
Day Of Portugal And Portuguese Heritage In Ri Inc has demonstrated inconsistent financial performance over the past decade. While the organization has experienced periods of strong revenue, such as $217,531 in 2018, it has also seen significant fluctuations, with revenue as low as $14,201 in 2020. In the most recent filing (202312), the organization reported expenses ($98,855) exceeding revenue ($80,385), resulting in a deficit. This trend of expenses exceeding revenue was also observed in 202212 and 202012, indicating potential challenges in maintaining financial stability.
The organization's asset base has grown significantly from $27,163 in 2016 to $115,601 in 2023, though it saw a notable decrease from $209,169 in 2022. Liabilities have also fluctuated, reaching a high of $95,333 in 202212, which is a concern given the organization's revenue levels. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-driven leadership, which can be a positive indicator of resource allocation towards the mission. However, without detailed expense breakdowns, it's challenging to fully assess spending efficiency.
Transparency appears to be adequate through its consistent IRS 990 filings. However, the lack of specific program, administrative, and fundraising expense breakdowns in the provided data limits a deeper analysis of spending efficiency. The organization's ability to manage its finances effectively, particularly in balancing revenue and expenses, will be crucial for its long-term sustainability.