Quick charity verification for Refugepoint Inc (EIN: 202061482)
Verdict: Refugepoint Inc appears trustworthy
90/100Mission Score
$16.4MRevenue
$20.6MAssets
1Red Flags
4Strengths
Red Flags
Unusually low (0%) reported officer compensation for an organization of this size, warranting further investigation into executive remuneration practices.
Strengths
Consistent and significant revenue growth, from $2.9M in 2014 to $13.4M in 2023.
Healthy asset accumulation, growing from $2.8M to $17.4M over the last decade, indicating strong financial stewardship.
Expenses consistently below revenue, demonstrating financial sustainability and responsible budgeting.
Low liabilities relative to assets, with liabilities of $785,906 against assets of $17,462,977 in 2023, indicating strong financial solvency.
Spending Breakdown
How Refugepoint 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 Refugepoint Inc
Is Refugepoint Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Refugepoint Inc (EIN: 202061482) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Refugepoint Inc a good charity to donate to?
Refugepoint Inc has a Mission Score of 90/100. Revenue: $16.4M. Assets: $20.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Refugepoint Inc?
The Employer Identification Number (EIN) for Refugepoint Inc is 202061482. 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 Refugepoint Inc spend its money?
Refugepoint Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Refugepoint Inc's tax-exempt status?
You can verify Refugepoint Inc's tax-exempt status using EIN 202061482 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
Refugepoint Inc demonstrates strong financial health and efficient spending, particularly in recent years. The organization has shown consistent revenue growth, increasing from $2,995,603 in 2014 to $13,456,571 in 2023, with assets growing proportionally to $17,462,977. This indicates effective fundraising and asset management. The organization consistently spends less than it earns, as evidenced by the 2023 filing where expenses were $11,626,541 against revenues of $13,456,571, contributing to a healthy accumulation of net assets.
While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial picture suggests a well-managed organization. The absence of reported officer compensation across all filings is a notable aspect of its financial structure, potentially indicating a volunteer-led executive team or compensation being reported under other categories, which would warrant further investigation for complete transparency. The consistent growth in assets and revenue, coupled with expenses generally below revenue, points to a sustainable financial model.
Refugepoint Inc appears to be a financially sound organization with a positive trend in revenue and asset growth. The lack of reported officer compensation is a unique characteristic that could be interpreted as a commitment to minimizing overhead, though a deeper dive into the full 990 would clarify how executive leadership is compensated, if at all. Overall, the available data suggests a well-stewarded nonprofit.