Quick charity verification for Riley Foundation (EIN: 206747301)
Verdict: Riley Foundation has notable concerns
35/100Mission Score
$5KRevenue
$72Assets
5Red Flags
2Strengths
Red Flags
Consistent and significant deficit spending (e.g., 2023 expenses $31,039 vs. revenue $4,249)
Substantial decline in total assets over the past decade (from $810,209 in 2011 to $127,304 in 2023)
Negative revenue reported in 2020 ($-39,034)
High expense-to-revenue ratio, indicating potential financial instability
Lack of detailed expense breakdown to assess program efficiency
Strengths
0% officer compensation reported across all filings, indicating no executive pay
Low liabilities reported consistently ($1 or $0)
Spending Breakdown
How Riley Foundation allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Riley Foundation
Is Riley Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Riley Foundation (EIN: 206747301) has notable concerns. Mission Score: 35/100. 5 red flags identified, 2 strengths noted.
Is Riley Foundation a good charity to donate to?
Riley Foundation has a Mission Score of 35/100. Revenue: $5K. Assets: $72. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Riley Foundation?
The Employer Identification Number (EIN) for Riley Foundation is 206747301. 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 Riley Foundation spend its money?
Riley Foundation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Riley Foundation's tax-exempt status?
You can verify Riley Foundation's tax-exempt status using EIN 206747301 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 Riley Foundation exhibits concerning financial trends, with a consistent pattern of expenses significantly exceeding revenue in recent years. For example, in 2023, expenses were $31,039 against revenue of $4,249, and in 2022, expenses were $60,000 against revenue of $436. This indicates a reliance on drawing down assets or other non-revenue funding sources to cover operational costs. The organization's assets have also seen a substantial decline over the past decade, from $810,209 in 2011 to $127,304 in 2023, suggesting a depletion of its financial reserves. While the organization reports 0% officer compensation, which is a positive for transparency regarding executive pay, the overall financial sustainability appears weak given the persistent deficit spending. The NTEE code T21 (Private Grantmaking Foundations) suggests its primary activity is grantmaking, but without detailed expense breakdowns, it's difficult to assess the efficiency of its program spending versus administrative or fundraising costs. The significant drop in assets and consistent negative net income raise questions about its long-term viability and impact.