Quick charity verification for Rice Family Foundation (EIN: 133542090)
Verdict: Rice Family Foundation appears trustworthy
75/100Mission Score
$17.8MRevenue
$61.6MAssets
2Red Flags
3Strengths
Red Flags
Consistent operational deficits (expenses exceeding revenue) in recent years, such as $5.26M expenses vs. $3.90M revenue in 2023.
Dramatic increase in liabilities from $0 in 2019 to over $40 million in 2020, which requires clarification.
Strengths
Substantial asset base, reaching $63.76 million in 2023, providing significant financial stability.
No reported officer compensation across all filings, indicating very low direct executive overhead.
Consistent IRS 990 filing history over a decade, demonstrating regulatory compliance and transparency.
Spending Breakdown
How Rice Family Foundation 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 Rice Family Foundation
Is Rice Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Rice Family Foundation (EIN: 133542090) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Rice Family Foundation a good charity to donate to?
Rice Family Foundation has a Mission Score of 75/100. Revenue: $17.8M. Assets: $61.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Rice Family Foundation?
The Employer Identification Number (EIN) for Rice Family Foundation is 133542090. 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 Rice Family Foundation spend its money?
Rice Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Rice Family Foundation's tax-exempt status?
You can verify Rice Family Foundation's tax-exempt status using EIN 133542090 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 Rice Family Foundation demonstrates consistent financial activity as a grant-making organization, with revenues and expenses generally in the range of $3-6 million annually over the past decade. A notable aspect is the absence of reported officer compensation across all available filings, which suggests a volunteer-led or externally managed structure, contributing positively to spending efficiency. However, the organization has frequently operated with expenses exceeding revenue, as seen in 2023 ($5.26M expenses vs. $3.90M revenue) and 2022 ($4.60M expenses vs. $3.10M revenue), indicating reliance on its substantial asset base, which stood at $63.76 million in 2023. The significant increase in liabilities from $0 in 2019 to over $40 million in subsequent years warrants further investigation to understand its nature and impact on long-term financial stability.
Spending efficiency, particularly the program spending ratio, cannot be precisely determined without a detailed breakdown of expenses (program, administrative, fundraising) from the provided summary data. However, the lack of officer compensation is a strong indicator of low administrative overhead in that specific area. The foundation's substantial assets, reaching $63.76 million in 2023, provide a robust financial cushion for its grant-making activities, despite the operational deficits in recent years. The consistent filing of IRS Form 990s over a decade indicates a commitment to regulatory transparency.
Overall, the foundation appears financially stable due to its large asset base, but the recurring operational deficits and the substantial increase in liabilities are areas that would benefit from deeper scrutiny. The absence of officer compensation is a positive sign for efficiency, but a full picture of spending efficiency requires more granular expense data. The consistent filing history supports transparency.