Positive net income in most years, demonstrating financial sustainability.
Spending Breakdown
How Friends Of Rockbridge Swimming Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Friends Of Rockbridge Swimming Inc
Is Friends Of Rockbridge Swimming Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Rockbridge Swimming Inc (EIN: 202034004) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Friends Of Rockbridge Swimming Inc a good charity to donate to?
Friends Of Rockbridge Swimming Inc has a Mission Score of 90/100. Revenue: $388K. Assets: $424K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Friends Of Rockbridge Swimming Inc?
The Employer Identification Number (EIN) for Friends Of Rockbridge Swimming Inc is 202034004. 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 Friends Of Rockbridge Swimming Inc spend its money?
Friends Of Rockbridge Swimming Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Friends Of Rockbridge Swimming Inc's tax-exempt status?
You can verify Friends Of Rockbridge Swimming Inc's tax-exempt status using EIN 202034004 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
Friends Of Rockbridge Swimming Inc demonstrates consistent financial growth and appears to be in a healthy financial position. Over the past seven years, the organization has seen its revenue grow significantly from $62,442 in 2017 to $347,693 in 2023, with assets increasing from $56,190 to $393,872 in the same period. This indicates effective fundraising and asset management. The organization consistently reports low liabilities, suggesting sound financial management and minimal debt.
The spending efficiency is strong, as evidenced by the consistent positive net income in most years, particularly in 2020 where revenue significantly outpaced expenses ($425,656 vs. $201,102). While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial health suggests that the organization is managing its expenses well relative to its income. The absence of officer compensation further indicates that resources are likely being directed towards the organization's mission.
In terms of transparency, the organization has a consistent filing history with seven IRS 990 filings, which is a positive indicator. The lack of reported officer compensation across all periods is a strong sign of good governance and a focus on mission over executive pay. The consistent growth in assets and revenue, coupled with low liabilities, paints a picture of a well-managed and financially stable nonprofit.