Quick charity verification for Rhode Island Manufacturing Institute (EIN: 200167052)
Verdict: Rhode Island Manufacturing Institute appears trustworthy
92/100Mission Score
$714KRevenue
$600KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, reaching over $1 million in 2023.
Zero officer compensation reported across all filings, indicating high efficiency.
Significant growth in assets from $61,454 in 2014 to $689,500 in 2023.
Consistent filing of IRS 990s, demonstrating good transparency.
Expenses generally well-managed relative to revenue, with positive net income in most recent years.
Spending Breakdown
How Rhode Island Manufacturing Institute allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Manufacturing Institute
Is Rhode Island Manufacturing Institute a legitimate charity?
Based on AI analysis of IRS 990 filings, Rhode Island Manufacturing Institute (EIN: 200167052) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Rhode Island Manufacturing Institute a good charity to donate to?
Rhode Island Manufacturing Institute has a Mission Score of 92/100. Revenue: $714K. Assets: $600K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Rhode Island Manufacturing Institute?
The Employer Identification Number (EIN) for Rhode Island Manufacturing Institute is 200167052. 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 Manufacturing Institute spend its money?
Rhode Island Manufacturing Institute allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Rhode Island Manufacturing Institute's tax-exempt status?
You can verify Rhode Island Manufacturing Institute's tax-exempt status using EIN 200167052 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 Manufacturing Institute demonstrates a generally healthy financial trajectory, with consistent revenue growth over the past several years, peaking at over $1 million in 2023. The organization has also shown a strong ability to manage its liabilities, which have remained a reasonable proportion of its assets. A notable strength is the consistent reporting of 0% officer compensation across all available filings, indicating a commitment to directing funds towards its mission rather than executive salaries. While specific program spending ratios are not provided in the raw data, the absence of officer compensation suggests a lean operational structure. The organization's assets have grown significantly, from $61,454 in 2014 to $689,500 in 2023, indicating sound financial management and accumulation of resources to support its mission. The consistent filing of IRS 990s over nine periods also points to a good level of transparency.