Is Oliver Hazard Perry Rhode Island Inc…

Quick charity verification for Oliver Hazard Perry Rhode Island Inc (EIN: 202574859)

Spending Breakdown

How Oliver Hazard Perry Rhode Island Inc 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 Oliver Hazard Perry Rhode Island Inc

Is Oliver Hazard Perry Rhode Island Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Oliver Hazard Perry Rhode Island Inc (EIN: 202574859) has notable concerns. Mission Score: 35/100. 4 red flags identified, 1 strength noted.

Is Oliver Hazard Perry Rhode Island Inc a good charity to donate to?

Oliver Hazard Perry Rhode Island Inc has a Mission Score of 35/100. Revenue: $4.4M. Assets: $2.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Oliver Hazard Perry Rhode Island Inc?

The Employer Identification Number (EIN) for Oliver Hazard Perry Rhode Island Inc is 202574859. 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 Oliver Hazard Perry Rhode Island Inc spend its money?

Oliver Hazard Perry Rhode Island Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Oliver Hazard Perry Rhode Island Inc's tax-exempt status?

You can verify Oliver Hazard Perry Rhode Island Inc's tax-exempt status using EIN 202574859 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

Oliver Hazard Perry Rhode Island Inc. exhibits significant financial challenges, consistently operating at a substantial deficit for many years. In the 2023 fiscal period, the organization reported revenues of $849,543 against expenses of $2,446,859, indicating a net loss of over $1.5 million. This trend of expenses far exceeding revenue is consistent across all provided filings, leading to a continuous decline in assets from a peak of $16,039,687 in 2015 to $4,461,721 in 2023, while liabilities have remained high, often exceeding assets in recent years. The organization's financial health appears precarious, with a negative net asset position in the latest filing.

The spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses. However, the consistent and large operational deficits suggest that current revenue streams are insufficient to cover the organization's operational costs. The lack of reported officer compensation across all filings could indicate a volunteer-led executive structure or that compensation is reported differently, which impacts the assessment of transparency regarding leadership costs. The significant liabilities, reaching $5,694,248 in 2023, raise concerns about long-term financial stability and the organization's ability to sustain its mission.

Is Oliver Hazard Perry Rhode Island Inc Legit?

Verdict: Oliver Hazard Perry Rhode Island Inc has notable concerns

Red Flags

Strengths