Quick charity verification for Riptide Aquatics Inc (EIN: 202892760)
Verdict: Riptide Aquatics Inc appears trustworthy
85/100Mission Score
$134KRevenue
$34KAssets
1Red Flags
4Strengths
Red Flags
Latest fiscal year (2018) shows expenses ($142,396) exceeding revenue ($134,384), resulting in a slight deficit.
Strengths
Consistent positive net assets and zero liabilities across all filings, indicating strong financial health.
No reported officer compensation, suggesting high efficiency and dedication of resources to the mission.
Consistent filing of IRS Form 990s over six periods, demonstrating good transparency.
Steady revenue growth over the filing history, from $62,495 in 2013 to $134,384 in 2018.
Spending Breakdown
How Riptide Aquatics Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Riptide Aquatics Inc
Is Riptide Aquatics Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Riptide Aquatics Inc (EIN: 202892760) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Riptide Aquatics Inc a good charity to donate to?
Riptide Aquatics Inc has a Mission Score of 85/100. Revenue: $134K. Assets: $34K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Riptide Aquatics Inc?
The Employer Identification Number (EIN) for Riptide Aquatics Inc is 202892760. 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 Riptide Aquatics Inc spend its money?
Riptide Aquatics Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Riptide Aquatics Inc's tax-exempt status?
You can verify Riptide Aquatics Inc's tax-exempt status using EIN 202892760 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
Riptide Aquatics Inc. demonstrates consistent financial activity, with revenues fluctuating around the $100,000 to $130,000 range in recent years. The organization has maintained a healthy asset base relative to its size, with assets of $33,762 in the latest filing and no reported liabilities, indicating good financial stability. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the consistent positive net assets over time suggest prudent financial management. The absence of reported officer compensation across all filings indicates a volunteer-led or very lean operational structure, which can contribute to higher program spending efficiency.
The organization's financial health appears stable, with revenues generally exceeding expenses in most periods, allowing for asset growth. For instance, in 2017, revenue of $122,285 exceeded expenses of $116,535. The latest period (2018) shows a slight deficit with expenses of $142,396 exceeding revenue of $134,384, but this is a minor fluctuation in the context of its overall history. The consistent filing of IRS Form 990s over six periods demonstrates a commitment to transparency, providing a clear historical record of its financial operations.
Overall, Riptide Aquatics Inc. appears to be a financially sound and transparent organization, operating without executive compensation and maintaining a stable financial position. Further analysis of detailed expense categories would provide a more granular understanding of spending efficiency, but the available data suggests a well-managed small nonprofit.