Quick charity verification for Rosky Charitable Foundation Inc (EIN: 204790156)
Verdict: Rosky Charitable Foundation Inc shows mixed signals
55/100Mission Score
$49KRevenue
$555KAssets
3Red Flags
3Strengths
Red Flags
Consistent operating deficits for the past four years (2021-2024), with expenses exceeding revenue.
Declining asset base from $715,752 in 2020 to $565,200 in 2024, indicating reliance on reserves.
Significant drop in revenue from $235,848 in 2020 to $28,607 in 2024, suggesting fundraising challenges.
Strengths
Zero officer compensation reported across all filings, indicating efficient use of funds regarding executive pay.
Maintains a substantial asset base ($565,200 in 2024) despite recent deficits, providing a buffer.
History of consistent filing of IRS Form 990, demonstrating transparency in reporting.
Spending Breakdown
How Rosky Charitable Foundation Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
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 Rosky Charitable Foundation Inc
Is Rosky Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rosky Charitable Foundation Inc (EIN: 204790156) shows mixed signals. Mission Score: 55/100. 3 red flags identified, 3 strengths noted.
Is Rosky Charitable Foundation Inc a good charity to donate to?
Rosky Charitable Foundation Inc has a Mission Score of 55/100. Revenue: $49K. Assets: $555K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Rosky Charitable Foundation Inc?
The Employer Identification Number (EIN) for Rosky Charitable Foundation Inc is 204790156. 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 Rosky Charitable Foundation Inc spend its money?
Rosky Charitable Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Rosky Charitable Foundation Inc's tax-exempt status?
You can verify Rosky Charitable Foundation Inc's tax-exempt status using EIN 204790156 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 Rosky Charitable Foundation Inc. exhibits a concerning trend of consistent operating deficits over the past four years, with expenses significantly exceeding revenue. For instance, in 2024, expenses were $43,504 against revenues of $28,607, and in 2023, expenses were $46,834 against revenues of $17,129. This pattern suggests the organization is drawing down its assets to cover operational costs, as evidenced by the decline in assets from $715,752 in 2020 to $565,200 in 2024. While the organization maintains a healthy asset base relative to its current revenue, this trend is unsustainable long-term without a significant increase in fundraising or a reduction in expenses.
The foundation's financial health appears to be in a period of decline, marked by shrinking revenues and persistent deficits. The lack of officer compensation reported across all filings indicates a commitment to minimizing administrative overhead in that specific area, which is a positive sign for donor confidence regarding executive pay. However, without a detailed breakdown of expenses beyond what is typically available in summary 990 data, it's challenging to fully assess spending efficiency across programs, administration, and fundraising. The consistent liabilities of $1 in recent years are negligible and do not indicate financial distress.
Overall, while the foundation has a history of operations and a substantial asset base, its recent financial performance raises questions about its long-term viability and ability to sustain its charitable activities at current spending levels. A strategic review of fundraising efforts and expense management would be beneficial to reverse the current trajectory of asset depletion.