Quick charity verification for Racing With Jesus Ministries Inc (EIN: 222514506)
Verdict: Racing With Jesus Ministries Inc shows mixed signals
45/100Mission Score
$248KRevenue
$741KAssets
5Red Flags
2Strengths
Red Flags
Significant and consistent decline in revenue over the past four years, from $549,785 in 2020 to $83,077 in 2023.
Expenses frequently exceed revenue, leading to a reduction in net assets in several years.
High proportion of expenses allocated to administrative costs, given the reported 0% compensation for key personnel.
The organization's net assets have grown despite revenue declines, from $208,688 in 2019 to $631,816 in 2023, which warrants further investigation given the expense patterns.
Lack of clarity on how the mission is being achieved with declining revenue and reported zero compensation for leadership.
Strengths
Maintains a substantial asset base, with total assets reported at $631,816 in 2023.
Low liabilities reported, with $46,042 in 2023, indicating good financial solvency in terms of debt.
Spending Breakdown
How Racing With Jesus Ministries Inc allocates its funds across programs, administration, and fundraising.
20%
Program Spending
Concerning — less than half to programs
60%
Admin Costs
High — over 25% on administration
20%
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 With Jesus Ministries Inc
Is Racing With Jesus Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Racing With Jesus Ministries Inc (EIN: 222514506) shows mixed signals. Mission Score: 45/100. 5 red flags identified, 2 strengths noted.
Is Racing With Jesus Ministries Inc a good charity to donate to?
Racing With Jesus Ministries Inc has a Mission Score of 45/100. Revenue: $248K. Assets: $741K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Racing With Jesus Ministries Inc?
The Employer Identification Number (EIN) for Racing With Jesus Ministries Inc is 222514506. 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 With Jesus Ministries Inc spend its money?
Racing With Jesus Ministries Inc allocates 20% to programs, 60% to administration, and 20% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Racing With Jesus Ministries Inc's tax-exempt status?
You can verify Racing With Jesus Ministries Inc's tax-exempt status using EIN 222514506 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 With Jesus Ministries Inc is a unknown nonprofit based in Tolland, Connecticut, with reported revenue of $248K and assets of $741K. Our AI analysis assigns a Mission Score of 45/100 (Fair). Approximately 20% of spending goes to programs, 60% to administration, and 20% to fundraising. - The organization's 990-EZ filings show a consistent decline in revenue from $549,785 in 2020 to $83,077 in 2023.
- Total expenses have exceeded revenue in multiple years, including $106,672 in expenses against $83,077 in revenue in 2023.
- The organization consistently reports 0% compensation for officers, directors, trustees, and key employees. Executive compensation is reported as $0 across all available filings, which is unusual for an organization with significant assets and expenses, potentially indicating unrecorded benefits or volunteer leadership. Revenue has grown +9% across 13 filing periods.