Dramatic decrease in reported assets from $140,635 in 2020 to $1 in 2021, and currently $0, without clear explanation.
Operating consistently at near break-even, which may limit capacity for future growth or emergency reserves.
Strengths
No reported officer compensation across all filings, indicating a volunteer-driven or highly efficient leadership structure.
Consistent filing of IRS Form 990s, demonstrating transparency in reporting.
Lean operational model with expenses closely matching revenue, suggesting fiscal conservatism.
Spending Breakdown
How Rhema Corporation Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Rhema Corporation Inc
Is Rhema Corporation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rhema Corporation Inc (EIN: 208181446) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Rhema Corporation Inc a good charity to donate to?
Rhema Corporation Inc has a Mission Score of 75/100. Revenue: $209K. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Rhema Corporation Inc?
The Employer Identification Number (EIN) for Rhema Corporation Inc is 208181446. 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 Rhema Corporation Inc spend its money?
Rhema Corporation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Rhema Corporation Inc's tax-exempt status?
You can verify Rhema Corporation Inc's tax-exempt status using EIN 208181446 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
Rhema Corporation Inc. demonstrates a consistent pattern of operating near break-even, with expenses closely matching revenue in recent years. For instance, in 2023, revenue was $171,626 against expenses of $171,564, and in 2022, revenue and expenses were both $168,104. This indicates a lean operational model, though it also suggests limited capacity for building significant reserves. The organization's assets have fluctuated, showing $8,918 in 2023 and $8,856 in 2022, but a notable drop from $140,635 in 2020 to $1 in 2021, and currently reported as $0. This significant asset fluctuation warrants further investigation to understand the underlying financial activities and asset management strategies.
The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 10 filings available. The absence of reported officer compensation across all available filings is a significant positive indicator, suggesting that leadership is either volunteer-based or compensated through other means not captured in this specific line item, which enhances donor confidence regarding administrative overhead. However, the lack of detailed expense breakdowns in the provided data makes it challenging to fully assess spending efficiency across programs, administration, and fundraising. Without this granular detail, a comprehensive evaluation of how effectively funds are being utilized for its mission is limited.
Overall, Rhema Corporation Inc. appears to be a fiscally conservative organization, operating with minimal surplus. The primary area for concern and further inquiry is the dramatic decrease in reported assets between 2020 and 2021, and the current $0 asset value, which could indicate a significant change in operational structure or asset disposition. While the lack of executive compensation is a strength, the overall financial health assessment would benefit from more detailed expense categorization to confirm efficient program delivery.