Is Rock And Soul Forever Foundation Legit?

Quick charity verification for Rock And Soul Forever Foundation (EIN: 205397606)

Verdict: Rock And Soul Forever Foundation appears trustworthy

75/100Mission Score

$3.4MRevenue

$1.6MAssets

3Red Flags

3Strengths

Red Flags

Significant year-over-year fluctuations in revenue and expenses, indicating unpredictable financial performance.
Substantial deficit in 2023, with expenses ($2,433,538) nearly double the revenue ($1,326,016).
Highly variable asset levels, from $5.1M in 2018 to $1.5M in 2023, suggesting inconsistent financial growth or asset management.

Strengths

Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds for leadership.
Extensive filing history (13 filings) demonstrates strong commitment to transparency.
Reduced liabilities significantly from $3.7M in 2018 to $191,766 in 2023, improving financial health.

Spending Breakdown

How Rock And Soul Forever Foundation allocates its funds across programs, administration, and fundraising.

75%

Program Spending

Healthy — majority goes to mission

15%

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 Rock And Soul Forever Foundation

Is Rock And Soul Forever Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Rock And Soul Forever Foundation (EIN: 205397606) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.

Is Rock And Soul Forever Foundation a good charity to donate to?

Rock And Soul Forever Foundation has a Mission Score of 75/100. Revenue: $3.4M. Assets: $1.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Rock And Soul Forever Foundation?

The Employer Identification Number (EIN) for Rock And Soul Forever Foundation is 205397606. 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 Rock And Soul Forever Foundation spend its money?

Rock And Soul Forever Foundation allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Rock And Soul Forever Foundation's tax-exempt status?

You can verify Rock And Soul Forever Foundation's tax-exempt status using EIN 205397606 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 Rock And Soul Forever Foundation exhibits fluctuating financial health over the past decade. While the organization reported a latest revenue of $3,411,686 and assets of $1,636,109, its financial performance has been inconsistent. For instance, in 2023, expenses ($2,433,538) significantly outpaced revenue ($1,326,016), leading to a deficit. This contrasts with 2022, where revenue ($2,673,115) exceeded expenses ($1,887,440). The organization's assets have also seen considerable swings, from a high of $5,172,179 in 2018 to $1,513,579 in 2023.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise assessment is challenging. However, the consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing executive overhead, which is a positive indicator for donor confidence. The organization's liabilities have also varied significantly, peaking at $3,716,370 in 2018 and decreasing to $191,766 in 2023, indicating an improvement in managing short-term obligations.

In terms of transparency, the availability of 13 years of IRS 990 filings demonstrates a strong commitment to public disclosure. The consistent reporting of zero officer compensation is a notable positive for transparency and efficient use of funds. However, a more detailed breakdown of functional expenses within the filings would further enhance the ability to assess spending efficiency and program impact.

View Full Transparency Report →

Disclaimer

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