Quick charity verification for Rhode Island Automobile Insurance Plan (EIN: 136194674)
Verdict: Rhode Island Automobile Insurance Plan shows mixed signals
65/100Mission Score
$14.0MRevenue
$24.3MAssets
3Red Flags
3Strengths
Red Flags
Consistent negative net assets (e.g., 2023: Assets $22.9M, Liabilities $24.0M)
Expenses consistently exceeding revenue over multiple years (e.g., 2023: Revenue $12.1M, Expenses $19.7M)
NTEE code is unknown, making direct comparison to peer organizations difficult.
Strengths
Consistent 0% officer compensation reported across all filings.
Regular and consistent IRS 990 filing history, indicating transparency.
Significant assets managed, suggesting a substantial operational scale.
Spending Breakdown
How Rhode Island Automobile Insurance Plan allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Automobile Insurance Plan
Is Rhode Island Automobile Insurance Plan a legitimate charity?
Based on AI analysis of IRS 990 filings, Rhode Island Automobile Insurance Plan (EIN: 136194674) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Rhode Island Automobile Insurance Plan a good charity to donate to?
Rhode Island Automobile Insurance Plan has a Mission Score of 65/100. Revenue: $14.0M. Assets: $24.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Rhode Island Automobile Insurance Plan?
The Employer Identification Number (EIN) for Rhode Island Automobile Insurance Plan is 136194674. 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 Automobile Insurance Plan spend its money?
Rhode Island Automobile Insurance Plan allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Rhode Island Automobile Insurance Plan's tax-exempt status?
You can verify Rhode Island Automobile Insurance Plan's tax-exempt status using EIN 136194674 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 Rhode Island Automobile Insurance Plan (RIAIP) appears to be a pass-through entity or an organization that manages a pool of funds, rather than a traditional grant-making or service-providing charity. Its financial statements consistently show expenses exceeding revenue, leading to negative net assets in several periods, such as 2023 where liabilities ($24,065,571) significantly exceeded assets ($22,939,429). This financial structure is common for insurance plans or risk pools where premiums are collected and claims/expenses are paid out. The organization's transparency is good, with consistent 990 filings available, and a notable strength is the reported 0% officer compensation across all available filings, indicating no direct executive salary burden on the organization's funds. However, without a clear NTEE code or detailed program service expense breakdown, it's challenging to fully assess spending efficiency in terms of charitable impact.