Is Rhode Island Saltwater Anglers…

Quick charity verification for Rhode Island Saltwater Anglers Foundation Inc (EIN: 200904353)

Strengths

Consistent asset growth over the past decade, from $21,121 in 2014 to $96,528 in 2023, demonstrating effective financial management.
Zero liabilities reported across all filings, indicating a debt-free operation and strong financial health.
0% officer compensation, suggesting a highly efficient, volunteer-led structure that maximizes funds for its mission.
Consistent filing of IRS Form 990s over 13 periods, demonstrating strong transparency and regulatory compliance.
Lean operational structure implied by the absence of paid executive staff, likely leading to a high percentage of funds going to programs.

Spending Breakdown

How Rhode Island Saltwater Anglers Foundation Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

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 Rhode Island Saltwater Anglers Foundation Inc

Is Rhode Island Saltwater Anglers Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Rhode Island Saltwater Anglers Foundation Inc (EIN: 200904353) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.

Is Rhode Island Saltwater Anglers Foundation Inc a good charity to donate to?

Rhode Island Saltwater Anglers Foundation Inc has a Mission Score of 85/100. Revenue: $56K. Assets: $130K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Rhode Island Saltwater Anglers Foundation Inc?

The Employer Identification Number (EIN) for Rhode Island Saltwater Anglers Foundation Inc is 200904353. 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 Saltwater Anglers Foundation Inc spend its money?

Rhode Island Saltwater Anglers Foundation Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Rhode Island Saltwater Anglers Foundation Inc's tax-exempt status?

You can verify Rhode Island Saltwater Anglers Foundation Inc's tax-exempt status using EIN 200904353 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 Saltwater Anglers Foundation Inc. demonstrates a generally stable financial position with consistent asset growth over the past decade, from $21,121 in 2014 to $96,528 in 2023. The organization's revenue has fluctuated, peaking at $50,484 in 2020 and $40,490 in 2022, but showing a dip to $14,524 in 2023. Expenses have also varied, with some years like 2019 and 2018 showing expenses exceeding revenue, indicating periods of deficit spending. However, the organization consistently reports zero liabilities, which is a strong indicator of financial health and responsible management, avoiding debt accumulation.

Spending efficiency appears to be a strength, particularly given the consistent reporting of 0% officer compensation across all available filings. This suggests that the organization's leadership is volunteer-based, allowing a greater proportion of funds to be directed towards its mission. While specific program spending percentages are not detailed in the provided data, the absence of paid executive compensation implies a lean operational structure. The organization's assets have grown steadily, indicating effective stewardship of resources over time.

Transparency is high regarding executive compensation, as the 0% officer compensation is clearly stated in all filings. The consistent filing of IRS Form 990s over 13 periods also demonstrates a commitment to regulatory compliance and public disclosure. The clear financial history, showing revenue, expenses, and assets, provides a good overview for potential donors and stakeholders.

Is Rhode Island Saltwater Anglers Foundation Inc Legit?

Verdict: Rhode Island Saltwater Anglers Foundation Inc appears trustworthy

Red Flags