Quick charity verification for Foundation For Rhode Island Dayschools (EIN: 205654039)
Verdict: Foundation For Rhode Island Dayschools appears trustworthy
92/100Mission Score
$656KRevenue
$34KAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation, indicating strong commitment to mission spending.
Revenues and expenses are closely matched annually, suggesting efficient utilization of funds.
Long and consistent filing history (13 filings) demonstrates transparency and accountability.
Low liabilities across all periods, indicating sound financial management and minimal debt.
Spending Breakdown
How Foundation For Rhode Island Dayschools allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Foundation For Rhode Island Dayschools
Is Foundation For Rhode Island Dayschools a legitimate charity?
Based on AI analysis of IRS 990 filings, Foundation For Rhode Island Dayschools (EIN: 205654039) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 4 strengths noted.
Is Foundation For Rhode Island Dayschools a good charity to donate to?
Foundation For Rhode Island Dayschools has a Mission Score of 92/100. Revenue: $656K. Assets: $34K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Foundation For Rhode Island Dayschools?
The Employer Identification Number (EIN) for Foundation For Rhode Island Dayschools is 205654039. 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 Foundation For Rhode Island Dayschools spend its money?
Foundation For Rhode Island Dayschools allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Foundation For Rhode Island Dayschools's tax-exempt status?
You can verify Foundation For Rhode Island Dayschools's tax-exempt status using EIN 205654039 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 Foundation For Rhode Island Dayschools demonstrates consistent financial activity, with revenues and expenses closely matched over the past decade. For instance, in 2023, revenue was $716,856 against expenses of $715,675, indicating a tight operational budget. The organization's assets are relatively modest, peaking at $62,694 in 2018 and currently standing at $44,963, suggesting a focus on immediate program delivery rather than accumulating significant reserves. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of financial transparency and a commitment to directing funds towards the mission rather than executive salaries.
While the filings show a consistent operational pattern, without a detailed breakdown of expenses into program, administrative, and fundraising categories, it's challenging to fully assess spending efficiency. However, the near-zero net income or deficit each year suggests that almost all incoming funds are expended annually, which can be a sign of efficient resource utilization if those expenses are primarily programmatic. The organization's long filing history (13 filings) and consistent reporting further contribute to its transparency.
Overall, the Foundation appears to be a lean operation, effectively utilizing its annual revenue for its stated purpose. The absence of officer compensation is a significant positive for transparency and donor confidence. A more detailed expense breakdown would further enhance the assessment of its spending efficiency.