Quick charity verification for Riverfront Business District Inc (EIN: 204512667)
Verdict: Riverfront Business District Inc shows mixed signals
55/100Mission Score
$5KRevenue
$5KAssets
4Red Flags
2Strengths
Red Flags
Significant and consistent deficit spending (e.g., $11,990 expenses vs. $4,595 revenue in 2019).
Sharp decline in annual revenue from $58,811 in 2017 to $4,595 in 2019.
Decreasing asset base, from $48,570 in 2016 to $5,373 in 2019, indicating financial unsustainability.
Lack of detailed expense breakdown in available data makes full efficiency assessment challenging.
Strengths
No reported officer compensation, suggesting volunteer leadership or efficient use of funds for executive roles.
Low liabilities across all reported periods (e.g., $0 in 2019), indicating good debt management.
Spending Breakdown
How Riverfront Business District Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Riverfront Business District Inc
Is Riverfront Business District Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Riverfront Business District Inc (EIN: 204512667) shows mixed signals. Mission Score: 55/100. 4 red flags identified, 2 strengths noted.
Is Riverfront Business District Inc a good charity to donate to?
Riverfront Business District Inc has a Mission Score of 55/100. Revenue: $5K. Assets: $5K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Riverfront Business District Inc?
The Employer Identification Number (EIN) for Riverfront Business District Inc is 204512667. 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 Riverfront Business District Inc spend its money?
Riverfront Business District Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Riverfront Business District Inc's tax-exempt status?
You can verify Riverfront Business District Inc's tax-exempt status using EIN 204512667 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
Riverfront Business District Inc appears to be a small, community-focused organization with declining financial activity. In 2019, its revenue was only $4,595, a significant drop from $42,733 in 2018 and $58,811 in 2017. The organization consistently spent more than it brought in, with expenses of $11,990 against $4,595 in revenue in 2019, indicating a reliance on prior year assets or accumulated deficits. Its assets have also steadily decreased from a high of $48,570 in 2016 to $5,373 in 2019. The organization reports no officer compensation, which is positive for a small nonprofit, but the overall financial trend suggests operational challenges and a shrinking footprint. Given its small size and lack of detailed expense breakdowns in the provided data, a full assessment of spending efficiency is difficult, but the consistent deficit spending is a concern.