Significant increase in liabilities from $27,959,502 to $206,443,306 in the latest filing period (202306), which warrants further investigation into its nature and repayment plan.
Strengths
Consistent revenue generation, with latest revenue at $35,938,094.
Strong asset growth over the past decade, reaching $271,347,708 in 202306.
Zero reported officer compensation across all available filings, indicating high efficiency in executive spending.
Consistent operational surpluses in most recent years, such as $1,080,433 in 202306 ($35,938,094 revenue - $34,857,661 expenses).
Spending Breakdown
How Harlem Rbi Incorporated allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
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 Harlem Rbi Incorporated
Is Harlem Rbi Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Harlem Rbi Incorporated (EIN: 134025290) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Harlem Rbi Incorporated a good charity to donate to?
Harlem Rbi Incorporated has a Mission Score of 85/100. Revenue: $31.7M. Assets: $265.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Harlem Rbi Incorporated?
The Employer Identification Number (EIN) for Harlem Rbi Incorporated is 134025290. 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 Harlem Rbi Incorporated spend its money?
Harlem Rbi Incorporated allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Harlem Rbi Incorporated's tax-exempt status?
You can verify Harlem Rbi Incorporated's tax-exempt status using EIN 134025290 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
Harlem RBI Incorporated demonstrates a strong financial position with consistent revenue generation and significant asset growth over the past decade. In the latest filing period (202306), the organization reported revenues of $35,938,094 against expenses of $34,857,661, indicating a healthy operational surplus. The substantial increase in assets from $91,783,471 in 202206 to $271,347,708 in 202306, alongside a corresponding rise in liabilities to $206,443,306, suggests significant capital projects or investments, which warrants further investigation into the nature of these liabilities and asset acquisitions.
The organization appears to be efficient in its spending, with a good portion of its expenses likely directed towards program services, although specific program spending ratios are not provided in the raw data. The consistent reporting of 0% officer compensation across all available filings is a notable indicator of transparency and potentially a volunteer-led or very lean executive structure, which is highly commendable. However, the large increase in liabilities in the latest period, while potentially tied to asset growth, should be monitored to ensure long-term financial stability.