Is Regional Services And Education Center Inc Legit?
Quick charity verification for Regional Services And Education Center Inc (EIN: 20354301)
Verdict: Regional Services And Education Center Inc appears trustworthy
88/100Mission Score
$6.4MRevenue
$5.9MAssets
2Red Flags
5Strengths
Red Flags
Lack of detailed functional expense breakdown in provided data, limiting precise spending efficiency analysis
Unusually low liabilities relative to assets, which could indicate conservative financial practices but also potentially missed opportunities for leveraging funds if not strategically managed.
Strengths
Consistent revenue growth over the past decade, from $3,022,338 in 2015 to $5,698,103 in 2024.
Significant asset growth, from $3,676,370 in 2015 to $5,597,315 in 2024, enhancing long-term stability.
Zero reported officer compensation across all available filings, suggesting a strong commitment to program spending.
Low liabilities relative to assets, indicating a strong balance sheet and minimal financial risk.
Spending Breakdown
How Regional Services And Education Center Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Regional Services And Education Center Inc
Is Regional Services And Education Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Regional Services And Education Center Inc (EIN: 20354301) appears trustworthy. Mission Score: 88/100. 2 red flags identified, 5 strengths noted.
Is Regional Services And Education Center Inc a good charity to donate to?
Regional Services And Education Center Inc has a Mission Score of 88/100. Revenue: $6.4M. Assets: $5.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Regional Services And Education Center Inc?
The Employer Identification Number (EIN) for Regional Services And Education Center Inc is 20354301. 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 Regional Services And Education Center Inc spend its money?
Regional Services And Education Center Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Regional Services And Education Center Inc's tax-exempt status?
You can verify Regional Services And Education Center Inc's tax-exempt status using EIN 20354301 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
Regional Services And Education Center Inc demonstrates consistent financial growth and stability over the past decade, with revenue increasing from $3,022,338 in 2015 to $5,698,103 in 2024. The organization consistently operates with a surplus, as seen in the latest filing where revenue of $5,698,103 exceeded expenses of $5,523,187. This indicates sound financial management and the ability to build reserves, with assets growing from $3,676,370 to $5,597,315 over the same period.
The organization's spending efficiency appears strong, with a high proportion of expenses likely directed towards program services, given the consistent surpluses and relatively low liabilities. The absence of reported officer compensation across all available filings suggests a commitment to directing resources towards its mission rather than executive salaries, which is a positive indicator for donors. However, without a detailed breakdown of functional expenses (program, administrative, fundraising), a precise assessment of spending efficiency is limited.
Transparency is generally good through its consistent IRS 990 filings. The consistent reporting of zero officer compensation is a notable aspect of its financial transparency. To further enhance transparency, a more detailed breakdown of expenses into program, administrative, and fundraising categories within the public filings would be beneficial for stakeholders to fully understand how funds are allocated.