Is Riverside Theater Foundation Inc Legit?

Quick charity verification for Riverside Theater Foundation Inc (EIN: 203422644)

Verdict: Riverside Theater Foundation Inc appears trustworthy

75/100Mission Score

$0Revenue

$0Assets

2Red Flags

4Strengths

Red Flags

No reported officer compensation for a multi-million dollar organization, potentially obscuring leadership costs.
Liabilities exceeded assets in earlier years (2011-2014), indicating potential financial strain, though this trend reversed in 2015.

Strengths

Consistent revenue growth from $6.2 million in 2011 to $12.1 million in 2015, indicating increasing scale and impact.
Efficient spending with expenses closely tracking revenues, suggesting most funds are directly applied to operations.
Positive asset growth from $421,244 in 2011 to $2,650,572 in 2015, improving financial capacity.
Reversal of asset-liability trend in 2015, with assets exceeding liabilities, indicating improved financial health.

Spending Breakdown

How Riverside Theater Foundation Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Riverside Theater Foundation Inc

Is Riverside Theater Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Riverside Theater Foundation Inc (EIN: 203422644) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.

Is Riverside Theater Foundation Inc a good charity to donate to?

Riverside Theater Foundation Inc has a Mission Score of 75/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Riverside Theater Foundation Inc?

The Employer Identification Number (EIN) for Riverside Theater Foundation Inc is 203422644. 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 Riverside Theater Foundation Inc spend its money?

Riverside Theater Foundation Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Riverside Theater Foundation Inc's tax-exempt status?

You can verify Riverside Theater Foundation Inc's tax-exempt status using EIN 203422644 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

Riverside Theater Foundation Inc. demonstrates a consistent operational history with revenues and expenses in the multi-million dollar range over the past five years, indicating a stable, albeit tight, financial model. The organization has shown growth in both revenue and assets, with revenue increasing from $6.2 million in 2011 to $12.1 million in 2015, and assets growing from $421,244 to $2,650,572 over the same period. This growth suggests increasing scale and capacity. However, the organization consistently operates with liabilities often exceeding assets in earlier years, though this trend reversed in 2015 where assets ($2,650,572) slightly exceeded liabilities ($2,424,192), indicating improved financial positioning. The lack of reported officer compensation across all filings suggests either a volunteer-led executive team or compensation is reported under other expense categories, which could impact transparency regarding leadership costs.

The organization's spending efficiency appears to be very high, with expenses closely tracking revenues each year, resulting in relatively small net surpluses or deficits. For instance, in 2015, expenses were $11,646,235 against revenues of $12,167,409, a difference of just over $500,000. This tight margin suggests that most incoming funds are directly utilized for operations and programs. Without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to precisely assess spending efficiency in those specific categories. However, the overall financial picture points to an organization that is effectively deploying its resources to meet its operational needs.

Transparency regarding executive compensation is a notable area for improvement, as no officer compensation is reported in any of the filings. While this could indicate a volunteer board, it's unusual for an organization of this scale with multi-million dollar revenues not to have paid leadership. Further detail on how leadership costs are accounted for would enhance financial transparency. The consistent filing of IRS Form 990s demonstrates a commitment to regulatory compliance and basic financial disclosure.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.