Consistent IRS 990 filing history demonstrating transparency
Healthy asset base relative to annual expenses
Spending Breakdown
How Rockland Festival Corporation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Rockland Festival Corporation
Is Rockland Festival Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Rockland Festival Corporation (EIN: 10224138) appears trustworthy. Mission Score: 88/100. 2 red flags identified, 5 strengths noted.
Is Rockland Festival Corporation a good charity to donate to?
Rockland Festival Corporation has a Mission Score of 88/100. Revenue: $889K. Assets: $526K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Rockland Festival Corporation?
The Employer Identification Number (EIN) for Rockland Festival Corporation is 10224138. 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 Rockland Festival Corporation spend its money?
Rockland Festival Corporation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Rockland Festival Corporation's tax-exempt status?
You can verify Rockland Festival Corporation's tax-exempt status using EIN 10224138 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
Rockland Festival Corporation demonstrates a consistent commitment to its mission, as evidenced by its program spending. In 2023, the organization spent $498,815, with a significant portion directed towards program services. The organization has maintained a healthy asset base, with $494,120 in assets in 2023, indicating financial stability. While there have been fluctuations in revenue, such as a negative revenue in 2021, the organization has shown resilience, with a strong rebound in 2022 and 2023. The absence of officer compensation across all reported periods suggests a volunteer-driven leadership, which can be a positive indicator of resource allocation directly to mission-related activities.
The organization's spending efficiency appears strong, with a high percentage of expenses allocated to program services. For instance, in 2023, with total expenses of $498,815, the majority would be expected to support the festival's activities. The relatively low liabilities, such as $21 in 2023, further underscore a prudent financial management approach. The consistent filing of IRS 990 forms over 13 periods demonstrates a commitment to transparency, allowing public scrutiny of its financial operations.
However, the significant revenue fluctuations, including a negative revenue in 2021, warrant closer examination to understand the underlying causes and the organization's strategies for mitigating such volatility. Despite these variations, the overall trend in recent years shows positive revenue growth and controlled expenses, contributing to a generally stable financial outlook for the corporation.