Quick charity verification for Raleigh Foundation (EIN: 201054002)
Verdict: Raleigh Foundation appears trustworthy
85/100Mission Score
$268KRevenue
$783KAssets
2Red Flags
4Strengths
Red Flags
Expenses occasionally exceed revenue, such as in 2022 ($59,138 expenses vs. $48,646 revenue), which could indicate reliance on reserves or inconsistent funding.
Lack of detailed program spending breakdown in the provided data makes it difficult to fully assess the impact of funds.
Strengths
Consistent 0% officer compensation, indicating high efficiency in directing funds to mission.
Strong and growing asset base, currently at $782,587, demonstrating financial stability.
Minimal liabilities, often reported as $1, reflecting sound financial management.
Consistent IRS 990 filing history, indicating good transparency and compliance.
Spending Breakdown
How Raleigh Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
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 Raleigh Foundation
Is Raleigh Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Raleigh Foundation (EIN: 201054002) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Raleigh Foundation a good charity to donate to?
Raleigh Foundation has a Mission Score of 85/100. Revenue: $268K. Assets: $783K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Raleigh Foundation?
The Employer Identification Number (EIN) for Raleigh Foundation is 201054002. 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 Raleigh Foundation spend its money?
Raleigh Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Raleigh Foundation's tax-exempt status?
You can verify Raleigh Foundation's tax-exempt status using EIN 201054002 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 Raleigh Foundation demonstrates consistent financial stability with growing assets, reaching $782,587, and minimal liabilities, often reported as $1. This indicates a strong balance sheet and responsible financial management. The organization's revenue has fluctuated over the years, with a notable increase to $114,300 in 2021 and $65,231 in 2023, suggesting a capacity to attract funding. However, the expenses have sometimes exceeded revenue, such as in 2022 where expenses were $59,138 against $48,646 in revenue, indicating periods of deficit spending.
The foundation's spending efficiency appears to be high, particularly given that officer compensation has consistently been reported as 0% across all available filings. This suggests that resources are primarily directed towards its mission rather than administrative overhead related to executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the absence of officer compensation is a strong indicator of efficient use of funds.
In terms of transparency, the consistent filing of IRS Form 990s over a decade demonstrates a commitment to public disclosure. The minimal liabilities further enhance confidence in their financial practices. The lack of officer compensation also simplifies the financial structure, making it easier for donors and the public to understand how funds are being utilized.