Quick charity verification for Riese Saint Marys Corporation (EIN: 222299252)
Verdict: Riese Saint Marys Corporation shows mixed signals
65/100Mission Score
$1.7MRevenue
$4.1MAssets
2Red Flags
2Strengths
Red Flags
Consistent decline in total assets over the past 7 years, from $4,433,342 in 2016 to $3,846,489 in 2023.
The organization's liabilities, while decreasing, were still $461,684 in 2023, which is a notable portion of its assets.
Strengths
Stable revenue generation over the past several years, demonstrating consistent operational funding.
Significant reduction in liabilities from $2,791,189 in 2016 to $461,684 in 2023, indicating strong financial management in debt reduction.
AI Transparency Report
Riese Saint Marys Corporation is a housing & shelter nonprofit based in Passaic, New Jersey, with reported revenue of $1.7M and assets of $4.1M. Our AI analysis assigns a Mission Score of 65/100 (Good). Approximately 70% of spending goes to programs, 15% to administration, and 15% to fundraising. • The organization's revenue has remained relatively stable over the past several years, hovering around $1.4M-$1.7M annually.
• Total assets have shown a consistent decline from $4.4M in 2016 to $3.8M in 2023.
• Liabilities have significantly decreased from $2.7M in 2016 to $461,684 in 2023, indicating improved financial health in this area. Executive compensation data is not provided in the given financial filings, preventing a specific assessment. Revenue has grown +16% across 13 filing periods.