Is Ocean State Job Lot Charitable…

Quick charity verification for Ocean State Job Lot Charitable Foundation (EIN: 200959438)

Spending Breakdown

How Ocean State Job Lot Charitable Foundation allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Ocean State Job Lot Charitable Foundation

Is Ocean State Job Lot Charitable Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Ocean State Job Lot Charitable Foundation (EIN: 200959438) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.

Is Ocean State Job Lot Charitable Foundation a good charity to donate to?

Ocean State Job Lot Charitable Foundation has a Mission Score of 92/100. Revenue: $6.6M. Assets: $5.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Ocean State Job Lot Charitable Foundation?

The Employer Identification Number (EIN) for Ocean State Job Lot Charitable Foundation is 200959438. 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 Ocean State Job Lot Charitable Foundation spend its money?

Ocean State Job Lot Charitable Foundation allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Ocean State Job Lot Charitable Foundation's tax-exempt status?

You can verify Ocean State Job Lot Charitable Foundation's tax-exempt status using EIN 200959438 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 Ocean State Job Lot Charitable Foundation demonstrates strong financial health and a commitment to its mission, as evidenced by its recent IRS 990 filings. In the 202312 period, the organization reported substantial revenue of $17,787,169 against expenses of $17,214,245, indicating effective management of its financial inflows and outflows. The foundation consistently maintains a healthy asset base, with assets of $5,195,502 in 202312, significantly exceeding its liabilities of $1,642,278, which suggests good financial stability and capacity for future programs. 

The foundation's spending efficiency appears robust, particularly given that officer compensation has been reported as 0% across all available filings, indicating that leadership is either unpaid or compensated through other means not reported as officer compensation on the 990, which is a positive sign for donor confidence. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial picture suggests a well-managed organization. The significant increase in revenue and expenses in 202312 compared to previous years, such as $8,572,095 revenue in 202212, suggests a growing capacity and impact. The consistent growth in revenue over the past decade, from $3,415,094 in 201412 to $17,787,169 in 202312, further underscores its financial strength and ability to attract support.

Is Ocean State Job Lot Charitable Foundation Legit?

Verdict: Ocean State Job Lot Charitable Foundation appears trustworthy

Red Flags

Strengths