Is Rhode Island Track Coachesassociation Inc Legit?
Quick charity verification for Rhode Island Track Coachesassociation Inc (EIN: 205716690)
Verdict: Rhode Island Track Coachesassociation Inc appears trustworthy
85/100Mission Score
$220KRevenue
$24KAssets
2Red Flags
4Strengths
Red Flags
Fluctuating revenue stream, with a significant dip to $29,062 in 2021
Modest asset base, with only $11,385 in 2023, limiting financial reserves
Strengths
Consistent reporting of 0% officer compensation, indicating efficient use of funds
Zero liabilities reported across all filings, demonstrating strong financial management
Recent revenue growth and surplus in 2023 ($203,686 revenue vs. $192,453 expenses)
Consistent IRS 990 filing history, indicating good transparency and compliance
Spending Breakdown
How Rhode Island Track Coachesassociation Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
15%
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 Track Coachesassociation Inc
Is Rhode Island Track Coachesassociation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rhode Island Track Coachesassociation Inc (EIN: 205716690) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Rhode Island Track Coachesassociation Inc a good charity to donate to?
Rhode Island Track Coachesassociation Inc has a Mission Score of 85/100. Revenue: $220K. Assets: $24K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Rhode Island Track Coachesassociation Inc?
The Employer Identification Number (EIN) for Rhode Island Track Coachesassociation Inc is 205716690. 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 Track Coachesassociation Inc spend its money?
Rhode Island Track Coachesassociation Inc allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Rhode Island Track Coachesassociation Inc's tax-exempt status?
You can verify Rhode Island Track Coachesassociation Inc's tax-exempt status using EIN 205716690 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 Track Coachesassociation Inc demonstrates a generally stable financial position, with recent revenue growth. In 2023, the organization reported revenue of $203,686 against expenses of $192,453, indicating a surplus for the year. This follows a period of fluctuating revenues and expenses, including a significant dip in 2021 with only $29,062 in revenue. The organization consistently reports zero liabilities and no officer compensation, which are positive indicators for financial health and transparency. However, the asset base remains relatively modest, at $11,385 in 2023, suggesting limited reserves for future operations or expansion.
The organization's spending efficiency appears reasonable given its operational scale. With no reported officer compensation, a significant portion of its expenses likely goes directly to program delivery or essential administrative functions. The consistent reporting of zero liabilities across all available filings is a strong sign of fiscal responsibility and good cash management. The lack of detailed functional expense breakdowns in the provided data makes a precise assessment of program versus administrative spending challenging, but the absence of executive compensation suggests a lean operational model.
Transparency is high regarding executive compensation, as none is reported. The consistent filing of IRS Form 990s over many years also indicates a commitment to regulatory compliance and public disclosure. However, without more granular expense data, it's difficult to fully ascertain the efficiency of all spending categories. The organization's financial health has improved in recent years, with 2023 showing a healthy surplus and increased assets compared to previous years like 2022 and 2021.