Quick charity verification for Rena Day Care Centers Inc (EIN: 132724410)
Verdict: Rena Day Care Centers Inc appears trustworthy
92/100Mission Score
$12.6MRevenue
$2.4MAssets
1Red Flags
5Strengths
Red Flags
Unusually low or 0% reported officer compensation for an organization of this size, which may warrant further inquiry into leadership compensation structures.
Strengths
Consistent reporting of 0% officer compensation, indicating a high potential for funds to be directed to programs.
Significant revenue growth in recent years, from approximately $7 million to over $12 million.
Substantial increase in assets, more than doubling from 2021 to 2023, enhancing financial stability.
Expenses consistently align closely with revenue, suggesting efficient use of funds for current operations.
Healthy balance sheet with assets significantly exceeding liabilities in recent periods.
Spending Breakdown
How Rena Day Care Centers 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 Rena Day Care Centers Inc
Is Rena Day Care Centers Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rena Day Care Centers Inc (EIN: 132724410) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Rena Day Care Centers Inc a good charity to donate to?
Rena Day Care Centers Inc has a Mission Score of 92/100. Revenue: $12.6M. Assets: $2.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Rena Day Care Centers Inc?
The Employer Identification Number (EIN) for Rena Day Care Centers Inc is 132724410. 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 Rena Day Care Centers Inc spend its money?
Rena Day Care Centers Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Rena Day Care Centers Inc's tax-exempt status?
You can verify Rena Day Care Centers Inc's tax-exempt status using EIN 132724410 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
Rena Day Care Centers Inc demonstrates a generally stable financial position with consistent revenue streams over the past decade, primarily in the $7-8 million range, with a significant increase in the most recent periods, reaching $11.06 million in 2023 and $12.57 million in the latest reported revenue. The organization consistently operates with expenses closely aligned to its revenue, indicating a focus on utilizing funds for current operations rather than accumulating large surpluses. Its asset base has shown substantial growth, more than doubling from $1.08 million in 2021 to $2.42 million in 2023, suggesting improved financial capacity.
The organization's spending efficiency appears strong, as evidenced by its consistent operational balance. A key indicator of its commitment to its mission is the reported 0% officer compensation across all available filings, which suggests that executive leadership is either unpaid or compensated through other means not categorized as officer compensation on the 990, or that the organization is structured in a way that minimizes top-heavy compensation. This practice, if accurate, significantly contributes to a higher proportion of funds being available for program services.
Transparency is generally good through its consistent filing of IRS Form 990s. The absence of reported officer compensation is a notable point for transparency, as it either indicates a highly efficient compensation structure or a need for further clarification on how leadership is supported. The growth in assets and the relatively low liabilities in recent years (e.g., $1.47 million liabilities against $2.42 million assets in 2023) suggest prudent financial management and a healthy balance sheet.