Is Friends Of The Royal Textileacademy Of Bhutan Inc Legit?
Quick charity verification for Friends Of The Royal Textileacademy Of Bhutan Inc (EIN: 203981633)
Verdict: Friends Of The Royal Textileacademy Of Bhutan Inc appears trustworthy
95/100Mission Score
$4.9MRevenue
$11.4MAssets
2Red Flags
5Strengths
Red Flags
Unusually low reported expenses relative to revenue, potentially indicating significant funds held or not fully expended on programs in the reporting period.
Consistent 0% officer compensation for an organization with multi-million dollar revenue and assets, which is atypical and might require deeper investigation into compensation structures.
Strengths
Strong financial growth, with assets increasing from $49,302 in 2012 to $11,380,253 currently.
Very high spending efficiency, with expenses consistently a small fraction of revenue (e.g., 16.9% in 2023, 14.6% in 2022).
Consistent reporting of 0% officer compensation, suggesting a strong commitment to the mission.
Low liabilities, indicating sound financial management and minimal debt.
How Friends Of The Royal Textileacademy Of Bhutan Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 The Royal Textileacademy Of Bhutan Inc
Is Friends Of The Royal Textileacademy Of Bhutan Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of The Royal Textileacademy Of Bhutan Inc (EIN: 203981633) appears trustworthy. Mission Score: 95/100. 2 red flags identified, 5 strengths noted.
Is Friends Of The Royal Textileacademy Of Bhutan Inc a good charity to donate to?
Friends Of The Royal Textileacademy Of Bhutan Inc has a Mission Score of 95/100. Revenue: $4.9M. Assets: $11.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Friends Of The Royal Textileacademy Of Bhutan Inc?
The Employer Identification Number (EIN) for Friends Of The Royal Textileacademy Of Bhutan Inc is 203981633. 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 The Royal Textileacademy Of Bhutan Inc spend its money?
Friends Of The Royal Textileacademy Of Bhutan Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Friends Of The Royal Textileacademy Of Bhutan Inc's tax-exempt status?
You can verify Friends Of The Royal Textileacademy Of Bhutan Inc's tax-exempt status using EIN 203981633 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 The Royal Textileacademy Of Bhutan Inc demonstrates strong financial health, particularly in recent years. The organization has consistently reported significant revenue, with the latest available revenue at $4,923,671 and assets at $11,380,253. A notable trend is the substantial growth in assets, from $49,302 in 2012 to over $11 million currently, indicating effective asset accumulation and management. The organization's spending efficiency appears very high, with expenses consistently being a small fraction of revenue in most recent periods. For example, in 2023, expenses were $377,609 against $2,235,000 in revenue, and in 2022, expenses were $323,085 against $2,205,000 in revenue. This suggests a very low overhead relative to the funds raised.
The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 10 filings available. The consistent reporting of 0% officer compensation across all available filings is a significant positive indicator, suggesting that leadership is either volunteer-based or compensated through other means not classified as officer compensation, which can be a sign of dedication to the mission and efficient use of funds. The very low liabilities reported ($1 or $2 in recent years) also points to sound financial management and minimal debt. Overall, the financial data paints a picture of a well-managed and fiscally responsible nonprofit.