Is Rican Rhode Island Center Assisting…

Quick charity verification for Rican Rhode Island Center Assisting Those In Need (EIN: 204070706)

Strengths

Consistent financial surpluses, such as $52,568 in 2023, contributing to asset growth.
Significant asset growth from $619,904 in 2015 to $1,489,129 in 2023, indicating strong financial management.
Zero reported officer compensation across all filings, suggesting a high dedication of funds to programs.
Low liabilities relative to assets, indicating a strong balance sheet and low financial risk.
Consistent filing history (13 filings), demonstrating strong transparency and accountability.

Spending Breakdown

How Rican Rhode Island Center Assisting Those In Need 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 Rican Rhode Island Center Assisting Those In Need

Is Rican Rhode Island Center Assisting Those In Need a legitimate charity?

Based on AI analysis of IRS 990 filings, Rican Rhode Island Center Assisting Those In Need (EIN: 204070706) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.

Is Rican Rhode Island Center Assisting Those In Need a good charity to donate to?

Rican Rhode Island Center Assisting Those In Need has a Mission Score of 95/100. Revenue: $1.5M. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Rican Rhode Island Center Assisting Those In Need?

The Employer Identification Number (EIN) for Rican Rhode Island Center Assisting Those In Need is 204070706. 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 Rican Rhode Island Center Assisting Those In Need spend its money?

Rican Rhode Island Center Assisting Those In Need allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Rican Rhode Island Center Assisting Those In Need's tax-exempt status?

You can verify Rican Rhode Island Center Assisting Those In Need's tax-exempt status using EIN 204070706 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

Rican Rhode Island Center Assisting Those In Need (RRICATIN) demonstrates a generally stable financial position with consistent revenue streams over the past decade, ranging from $734,295 in 2015 to a peak of $2,109,867 in 2020. The organization has shown a healthy growth in assets, increasing from $619,904 in 2015 to $1,489,129 in 2023, indicating good financial management and accumulation of resources. Liabilities have remained relatively low, especially in recent years, suggesting a strong balance sheet and minimal financial risk.

Spending efficiency appears to be robust, with expenses consistently below revenue in most recent years, allowing for asset growth. For instance, in 2023, revenue was $1,606,267 against expenses of $1,553,699, resulting in a surplus. The organization's commitment to its mission is further supported by the reported 0% officer compensation across all available filings, which is a significant indicator of efficient resource allocation towards programmatic activities rather than executive salaries. This suggests a high degree of financial prudence and a strong focus on direct service delivery.

Transparency is high given the consistent filing of IRS Form 990s over 13 periods, providing a comprehensive historical view of its financial operations. The absence of officer compensation also simplifies financial analysis and demonstrates a clear dedication to maximizing funds for beneficiaries. Overall, RRICATIN appears to be a financially healthy and efficiently managed nonprofit.

Is Rican Rhode Island Center Assisting Those In Need Legit?

Verdict: Rican Rhode Island Center Assisting Those In Need appears trustworthy

Red Flags