Is Regulatory Assistance Project Legit?

Quick charity verification for Regulatory Assistance Project (EIN: 10471151)

Verdict: Regulatory Assistance Project appears trustworthy

90/100Mission Score

$10.0MRevenue

$10.8MAssets

1Red Flags

5Strengths

Red Flags

Consistent 0% officer compensation reported, which is highly unusual for an organization of this size and warrants further investigation into how executive leadership is compensated or structured.

Strengths

Strong financial stability with consistent revenue streams averaging $8-10 million annually.
Healthy asset growth, increasing from $4,991,586 in 2015 to $10,509,027 in 2023.
Excellent transparency with a consistent 13-year filing history of IRS 990 forms.
Low liabilities relative to assets, indicating strong financial health and low risk.
Efficient use of funds suggested by the absence of reported officer compensation, potentially allowing more resources for program delivery.

Spending Breakdown

How Regulatory Assistance Project allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Regulatory Assistance Project

Is Regulatory Assistance Project a legitimate charity?

Based on AI analysis of IRS 990 filings, Regulatory Assistance Project (EIN: 10471151) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.

Is Regulatory Assistance Project a good charity to donate to?

Regulatory Assistance Project has a Mission Score of 90/100. Revenue: $10.0M. Assets: $10.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Regulatory Assistance Project?

The Employer Identification Number (EIN) for Regulatory Assistance Project is 10471151. 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 Regulatory Assistance Project spend its money?

Regulatory Assistance Project allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Regulatory Assistance Project's tax-exempt status?

You can verify Regulatory Assistance Project's tax-exempt status using EIN 10471151 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 Regulatory Assistance Project (RAP) demonstrates a generally stable financial profile with consistent revenue streams averaging around $8-10 million annually over the past decade. While the organization experienced an expense exceeding revenue in 2023 ($10,488,124 in expenses against $8,418,755 in revenue), this appears to be an anomaly rather than a trend, as previous years often showed a surplus. Their asset base has grown steadily, reaching $10,509,027 in 2023, indicating good financial stewardship and capacity. The organization's commitment to transparency is notably high, as evidenced by the reported 0% officer compensation across all available filings, suggesting that executive leadership is either unpaid or compensated through other means not classified as officer compensation, which is unusual for an organization of this size and warrants further investigation for a complete picture of compensation practices.

RAP's spending efficiency appears strong, particularly given the consistent program focus implied by their mission and the lack of reported officer compensation. The organization maintains a healthy asset-to-liability ratio, with assets significantly exceeding liabilities in all reported periods, indicating financial stability and a low risk of insolvency. The fluctuation in revenue and expenses year-over-year, such as the jump in revenue to $11,298,973 in 2022 followed by a dip in 2023, suggests reliance on grant cycles or project-based funding, which is common for nonprofits. Overall, RAP appears to be a financially sound organization with a strong commitment to its mission, though the specifics of their spending breakdown would provide a more granular view of efficiency.

Their consistent filing history over 13 periods further underscores their commitment to regulatory compliance and transparency. The growth in assets from $4,991,586 in 2015 to $10,509,027 in 2023 demonstrates effective asset management and financial growth over time. The absence of reported officer compensation is a significant factor in assessing their financial health and efficiency, as it suggests a very lean administrative overhead in that specific area, potentially allowing more funds to be directed towards programs.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.