Is Resilient Floor Covering Institute…

Quick charity verification for Resilient Floor Covering Institute (EIN: 131545959)

Strengths

Consistent financial surpluses in recent years (e.g., $317,934 in 2023, $278,212 in 2022)
Strong asset growth over the past decade (from $342,290 in 2014 to $1,477,864 in 2023)
Consistently reports zero liabilities in most recent filings, indicating strong financial health and no debt
Regular and consistent IRS 990 filing history (13 filings)
Significant revenue growth in recent years, particularly between 2021 and 2022

Spending Breakdown

How Resilient Floor Covering Institute 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 Resilient Floor Covering Institute

Is Resilient Floor Covering Institute a legitimate charity?

Based on AI analysis of IRS 990 filings, Resilient Floor Covering Institute (EIN: 131545959) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.

Is Resilient Floor Covering Institute a good charity to donate to?

Resilient Floor Covering Institute has a Mission Score of 85/100. Revenue: $2.7M. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Resilient Floor Covering Institute?

The Employer Identification Number (EIN) for Resilient Floor Covering Institute is 131545959. 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 Resilient Floor Covering Institute spend its money?

Resilient Floor Covering Institute allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Resilient Floor Covering Institute's tax-exempt status?

You can verify Resilient Floor Covering Institute's tax-exempt status using EIN 131545959 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 Resilient Floor Covering Institute (RFCI) demonstrates consistent financial health, with revenues generally exceeding expenses in recent years. For example, in 2023, revenue was $2,624,808 against expenses of $2,306,874, resulting in a surplus. This trend of positive net income contributes to a healthy growth in assets, which have increased from $342,290 in 2014 to $1,477,864 in 2023. The organization consistently reports zero liabilities in most recent filings, indicating strong financial management and a lack of debt.

Spending efficiency appears robust, as the organization consistently operates with a surplus and maintains a strong asset base. The absence of reported officer compensation across all available filings suggests that executive leadership may be volunteer-based or compensated through other means not categorized as officer compensation on the 990, which could indicate a lean operational structure. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is limited.

Transparency is high regarding executive compensation, as zero officer compensation is reported across all filings. The consistent filing of IRS Form 990s over 13 periods also indicates a commitment to public disclosure. The lack of reported liabilities further enhances the perception of financial transparency and stability.

Is Resilient Floor Covering Institute Legit?

Verdict: Resilient Floor Covering Institute appears trustworthy

Red Flags