Quick charity verification for Rico Center (EIN: 205827289)
Verdict: Rico Center appears trustworthy
88/100Mission Score
$120KRevenue
$484KAssets
1Red Flags
4Strengths
Red Flags
Lack of detailed program, administrative, and fundraising expense breakdown in provided data
Strengths
Consistent reporting of 0% officer compensation across all filings
Strong asset base relative to liabilities ($484,085 assets vs. $5,000 liabilities in 2023)
Generally operates with a financial surplus (e.g., $120,477 revenue vs. $107,771 expenses in 2023)
Long history of IRS 990 filings (13 filings), indicating consistent transparency
Spending Breakdown
How Rico Center allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Rico Center
Is Rico Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Rico Center (EIN: 205827289) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
Is Rico Center a good charity to donate to?
Rico Center has a Mission Score of 88/100. Revenue: $120K. Assets: $484K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Rico Center?
The Employer Identification Number (EIN) for Rico Center is 205827289. 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 Rico Center spend its money?
Rico Center allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Rico Center's tax-exempt status?
You can verify Rico Center's tax-exempt status using EIN 205827289 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 Rico Center demonstrates consistent financial activity, with revenues generally ranging between $120,000 and $200,000 over the past decade. In the latest filing (202312), the organization reported revenues of $120,477 against expenses of $107,771, indicating a surplus for the year. The organization maintains a healthy asset base, with total assets of $484,085 in 2023, significantly exceeding its liabilities of $5,000. This strong asset position suggests good financial stability and reserves.
Spending efficiency appears reasonable, especially given the consistent reporting of 0% officer compensation across all available filings, which is a positive indicator for resource allocation directly to mission-related activities. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the absence of officer compensation suggests a lean operational structure. The organization's NTEE code S12 (Community Service Organizations) implies a focus on local community benefit.
Transparency is generally good, with 13 filings available, indicating a consistent reporting history. The consistent reporting of zero officer compensation enhances trust, as it suggests that leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is common for smaller nonprofits. The low liabilities relative to assets further reinforces a picture of responsible financial management.