Is Leadership Rhode Island Educational Foundation Legit?
Quick charity verification for Leadership Rhode Island Educational Foundation (EIN: 222570460)
Verdict: Leadership Rhode Island Educational Foundation appears trustworthy
85/100Mission Score
$2.1MRevenue
$1.4MAssets
0Red Flags
3Strengths
No red flags identified.
Strengths
Consistent revenue growth over the past several years, from $698,268 in 2016 to $1,671,501 in 2023.
Healthy asset base, growing from $552,650 in 2016 to $1,545,524 in 2023, indicating financial stability.
Low liability-to-asset ratio, with liabilities of $690,564 against assets of $1,545,524 in 2023, suggesting good financial health.
Spending Breakdown
How Leadership Rhode Island Educational Foundation 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 Leadership Rhode Island Educational Foundation
Is Leadership Rhode Island Educational Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Leadership Rhode Island Educational Foundation (EIN: 222570460) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 3 strengths noted.
Is Leadership Rhode Island Educational Foundation a good charity to donate to?
Leadership Rhode Island Educational Foundation has a Mission Score of 85/100. Revenue: $2.1M. Assets: $1.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Leadership Rhode Island Educational Foundation?
The Employer Identification Number (EIN) for Leadership Rhode Island Educational Foundation is 222570460. 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 Leadership Rhode Island Educational Foundation spend its money?
Leadership Rhode Island Educational Foundation allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Leadership Rhode Island Educational Foundation's tax-exempt status?
You can verify Leadership Rhode Island Educational Foundation's tax-exempt status using EIN 222570460 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
Leadership Rhode Island Educational Foundation is a public & society benefit nonprofit based in Providence, Rhode Island, with reported revenue of $2.1M and assets of $1.4M. Our AI analysis assigns a Mission Score of 85/100 (Excellent). Approximately 75% of spending goes to programs, 15% to administration, and 10% to fundraising. Executive compensation is not explicitly detailed in the provided data, which is common for organizations filing 990-EZ, making a specific assessment difficult without further investigation. Revenue has grown +334% across 14 filing periods.