Quick charity verification for Rock Steady Boxing Inc (EIN: 205113083)
Verdict: Rock Steady Boxing Inc appears trustworthy
85/100Mission Score
$1.8MRevenue
$1.7MAssets
3Red Flags
3Strengths
Red Flags
Recent trend of expenses exceeding revenue (e.g., 2023 expenses $1,691,711 vs. revenue $1,544,221)
Significant increase in liabilities from $284,438 in 2021 to $1,136,343 in 2023
Unusually low (0%) reported officer compensation for an organization of this size, potentially indicating incomplete reporting or an unusual operational model.
Strengths
Consistent operational history with 14 filings, demonstrating longevity.
Strong asset base ($1,781,119 in 2023) providing financial stability.
Historical ability to generate substantial revenue, exceeding $1 million annually since 2016.
Spending Breakdown
How Rock Steady Boxing Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
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 Steady Boxing Inc
Is Rock Steady Boxing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rock Steady Boxing Inc (EIN: 205113083) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
Is Rock Steady Boxing Inc a good charity to donate to?
Rock Steady Boxing Inc has a Mission Score of 85/100. Revenue: $1.8M. Assets: $1.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Rock Steady Boxing Inc?
The Employer Identification Number (EIN) for Rock Steady Boxing Inc is 205113083. 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 Steady Boxing Inc spend its money?
Rock Steady Boxing Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Rock Steady Boxing Inc's tax-exempt status?
You can verify Rock Steady Boxing Inc's tax-exempt status using EIN 205113083 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
Rock Steady Boxing Inc. demonstrates a consistent operational history with revenues generally exceeding or closely matching expenses in most years, indicating a stable financial footing. However, recent filings show a trend of expenses slightly outpacing revenue, with 2023 expenses at $1,691,711 against revenues of $1,544,221, and 2022 expenses at $1,795,418 against revenues of $1,467,372. This suggests a need for closer monitoring of expenditure growth relative to income. The organization's assets have fluctuated but remain substantial at $1,781,119 in 2023, providing a buffer. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries.