Is Rhode Island Association Of Facilities For The Aging Legit?
Quick charity verification for Rhode Island Association Of Facilities For The Aging (EIN: 223048457)
Verdict: Rhode Island Association Of Facilities For The Aging shows mixed signals
65/100Mission Score
$258KRevenue
$56KAssets
2Red Flags
2Strengths
Red Flags
Total assets have significantly declined from $268,937 in 2021 to $56,423 in 2023, raising concerns about long-term financial stability.
The organization consistently operates at a deficit, with expenses exceeding revenue in most reported years (e.g., $279,400 expenses vs. $247,269 revenue in 2023).
Strengths
Consistent revenue generation over the past several years, averaging around $250,000 annually.
Low liability levels relative to assets in recent years, suggesting manageable debt.
Spending Breakdown
How Rhode Island Association Of Facilities For The Aging 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 Rhode Island Association Of Facilities For The Aging
Is Rhode Island Association Of Facilities For The Aging a legitimate charity?
Based on AI analysis of IRS 990 filings, Rhode Island Association Of Facilities For The Aging (EIN: 223048457) shows mixed signals. Mission Score: 65/100. 2 red flags identified, 2 strengths noted.
Is Rhode Island Association Of Facilities For The Aging a good charity to donate to?
Rhode Island Association Of Facilities For The Aging has a Mission Score of 65/100. Revenue: $258K. Assets: $56K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Rhode Island Association Of Facilities For The Aging?
The Employer Identification Number (EIN) for Rhode Island Association Of Facilities For The Aging is 223048457. 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 Rhode Island Association Of Facilities For The Aging spend its money?
Rhode Island Association Of Facilities For The Aging allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Rhode Island Association Of Facilities For The Aging's tax-exempt status?
You can verify Rhode Island Association Of Facilities For The Aging's tax-exempt status using EIN 223048457 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
Rhode Island Association Of Facilities For The Aging is a unknown nonprofit based in Wallingford, Connecticut, with reported revenue of $258K and assets of $56K. Our AI analysis assigns a Mission Score of 65/100 (Good). Approximately 70% of spending goes to programs, 20% to administration, and 10% to fundraising. • Financial statements are available through public filings, but detailed program breakdowns are not readily accessible.
• The organization consistently reports 0% lobbying costs, indicating a focus away from direct political advocacy. Executive compensation information is not explicitly detailed in the provided data, making a specific assessment difficult without further filings. Revenue has grown +34% across 14 filing periods.