Quick charity verification for Renfrew Foundation Inc (EIN: 133213943)
Verdict: Renfrew Foundation Inc appears trustworthy
70/100Mission Score
$123KRevenue
$598KAssets
3Red Flags
4Strengths
Red Flags
Consistent operational deficits (e.g., $16,122 revenue vs. $45,308 expenses in 2023)
Lack of detailed expense breakdown (program, admin, fundraising) in provided data
Slight decline in assets in the most recent year, potentially due to covering deficits
Strengths
Zero officer compensation, indicating volunteer leadership and efficient use of funds for executive roles
Very low liabilities ($1 in recent years), demonstrating strong debt management
Stable asset base relative to annual expenses, providing a financial cushion
Long operating history with consistent filing of IRS 990s
Spending Breakdown
How Renfrew Foundation Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Renfrew Foundation Inc
Is Renfrew Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Renfrew Foundation Inc (EIN: 133213943) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 4 strengths noted.
Is Renfrew Foundation Inc a good charity to donate to?
Renfrew Foundation Inc has a Mission Score of 70/100. Revenue: $123K. Assets: $598K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Renfrew Foundation Inc?
The Employer Identification Number (EIN) for Renfrew Foundation Inc is 133213943. 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 Renfrew Foundation Inc spend its money?
Renfrew Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Renfrew Foundation Inc's tax-exempt status?
You can verify Renfrew Foundation Inc's tax-exempt status using EIN 133213943 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
Renfrew Foundation Inc. appears to be a small organization with a consistent financial pattern over the past decade. Its revenue has fluctuated, but generally remained below its expenses in several recent years, such as 2023 where revenue was $16,122 against expenses of $45,308. This suggests the organization is drawing on its assets to cover operational costs, as evidenced by a slight decrease in assets from $586,207 in 2022 to $557,021 in 2023. The organization consistently reports zero officer compensation, which is a positive indicator for donor confidence regarding executive pay.
While the organization maintains a healthy asset base relative to its annual expenses, the recurring deficit between revenue and expenses could be a long-term concern if not addressed. The consistent reporting of minimal liabilities ($1 in recent years) indicates good financial management in terms of debt. However, without a breakdown of expenses into program, administrative, and fundraising categories, it's challenging to fully assess spending efficiency and program focus. The lack of officer compensation suggests a volunteer-driven leadership, which can be efficient, but also raises questions about the scale and complexity of its operations.
Overall, Renfrew Foundation Inc. demonstrates financial stability through its asset base and low liabilities, coupled with a commitment to not compensating its officers. However, the consistent operational deficits and the absence of detailed expense breakdowns in the provided data limit a comprehensive assessment of its spending efficiency and transparency regarding program impact.