Quick charity verification for Red Oak Industries Inc (EIN: 204805937)
Verdict: Red Oak Industries Inc appears trustworthy
90/100Mission Score
$625KRevenue
$788KAssets
1Red Flags
4Strengths
Red Flags
Latest period (202406) shows expenses ($580,093) slightly exceeding revenue ($570,593), indicating a minor operational deficit for that year.
Strengths
Consistent 0% officer compensation across all filings, demonstrating strong financial stewardship.
Significant growth in assets from $218,841 in 2015 to $874,105 in 2024, indicating effective asset management.
Stable revenue generation over the past decade, supporting consistent operations.
Manageable liabilities relative to assets, indicating a healthy balance sheet.
Spending Breakdown
How Red Oak Industries Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Red Oak Industries Inc
Is Red Oak Industries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Red Oak Industries Inc (EIN: 204805937) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Red Oak Industries Inc a good charity to donate to?
Red Oak Industries Inc has a Mission Score of 90/100. Revenue: $625K. Assets: $788K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Red Oak Industries Inc?
The Employer Identification Number (EIN) for Red Oak Industries Inc is 204805937. 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 Red Oak Industries Inc spend its money?
Red Oak Industries Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Red Oak Industries Inc's tax-exempt status?
You can verify Red Oak Industries Inc's tax-exempt status using EIN 204805937 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
Red Oak Industries Inc. demonstrates a generally stable financial position over the past decade, with revenues consistently in the range of $700,000 to $900,000. While the latest filing (Period 202406) shows a slight deficit with expenses ($580,093) exceeding revenue ($570,593), this is not a consistent trend, as the prior period (202306) showed a healthy surplus of over $226,000. The organization's assets have shown significant growth, increasing from $218,841 in 2015 to $874,105 in 2024, indicating good financial management and asset accumulation. Liabilities have remained relatively stable and manageable in proportion to assets.
The organization's spending efficiency appears reasonable, though specific program, administrative, and fundraising breakdowns are not provided in the summary data. However, the consistent operation within its revenue range suggests a focus on its mission. A notable strength is the reported 0% officer compensation across all filings, which speaks to a high level of financial stewardship and a commitment to directing funds towards the organization's purpose rather than executive salaries. This practice significantly enhances its transparency and public trust.