Is Racing Officials Accreditationprogram Inc Legit?
Quick charity verification for Racing Officials Accreditationprogram Inc (EIN: 204137857)
Verdict: Racing Officials Accreditationprogram Inc appears trustworthy
90/100Mission Score
$74KRevenue
$135KAssets
1Red Flags
5Strengths
Red Flags
Fluctuating annual revenue and expenses, which could impact long-term planning for a small organization.
Strengths
Consistent reporting of zero liabilities across all filings, indicating strong financial health.
0% officer compensation reported, demonstrating a high commitment to program spending and efficiency.
Maintains a stable and positive asset base over time (e.g., $134,713 latest assets).
Extensive filing history (13 filings) indicates strong transparency and compliance.
Expenses generally kept in line with revenue, preventing significant deficits.
Spending Breakdown
How Racing Officials Accreditationprogram Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
0%
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 Racing Officials Accreditationprogram Inc
Is Racing Officials Accreditationprogram Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Racing Officials Accreditationprogram Inc (EIN: 204137857) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is Racing Officials Accreditationprogram Inc a good charity to donate to?
Racing Officials Accreditationprogram Inc has a Mission Score of 90/100. Revenue: $74K. Assets: $135K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Racing Officials Accreditationprogram Inc?
The Employer Identification Number (EIN) for Racing Officials Accreditationprogram Inc is 204137857. 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 Racing Officials Accreditationprogram Inc spend its money?
Racing Officials Accreditationprogram Inc allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Racing Officials Accreditationprogram Inc's tax-exempt status?
You can verify Racing Officials Accreditationprogram Inc's tax-exempt status using EIN 204137857 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
Racing Officials Accreditationprogram Inc (ROAP) demonstrates consistent financial stability, maintaining positive net assets over the past decade, with current assets at $134,713. While revenue has fluctuated, ranging from $57,759 in 2021 to $135,231 in 2017, the organization has generally managed its expenses to stay within or close to its revenue, as seen in 2023 where revenue was $60,199 and expenses were $54,007. A notable strength is the consistent reporting of zero liabilities across all available filings, indicating a very healthy balance sheet and low financial risk. The organization's transparency is high, with 13 filings available, and a clear indication of no officer compensation, which is a positive sign for donor confidence regarding resource allocation directly to mission-related activities.
ROAP's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation. This suggests that a significant portion of its operational budget is likely directed towards its programs and necessary administrative functions rather than executive salaries. The organization's relatively small size, with latest revenue of $74,064, means that even minor fluctuations in revenue or expenses can appear significant in percentage terms, but the overall trend shows responsible financial management. The absence of liabilities further reinforces its sound financial practices.
Overall, ROAP exhibits a robust financial foundation for an organization of its size, characterized by prudent management, consistent asset base, and a clear commitment to transparency through its detailed public filings and zero executive compensation. These factors contribute to a positive assessment of its financial health and operational integrity.