Quick charity verification for Rpm Foundation (EIN: 202102643)
Verdict: Rpm Foundation appears trustworthy
70/100Mission Score
$221KRevenue
$599KAssets
3Red Flags
3Strengths
Red Flags
Inconsistent financial performance with significant deficits in multiple years (e.g., -$187,301 in 2022, -$212,928 in 2020).
Increasing liabilities from $3,732 in 2014 to $150,067 in 2023.
Decreasing asset base from a peak of $939,165 in 2014 to $656,157 in 2023.
Strengths
Consistent reporting of 0% officer compensation, indicating no executive salaries.
Regular and extensive IRS 990 filing history (13 filings), demonstrating transparency.
Positive net income in the most recent filing (2023: $90,797).
Spending Breakdown
How Rpm 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 Rpm Foundation
Is Rpm Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Rpm Foundation (EIN: 202102643) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is Rpm Foundation a good charity to donate to?
Rpm Foundation has a Mission Score of 70/100. Revenue: $221K. Assets: $599K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Rpm Foundation?
The Employer Identification Number (EIN) for Rpm Foundation is 202102643. 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 Rpm Foundation spend its money?
Rpm Foundation allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Rpm Foundation's tax-exempt status?
You can verify Rpm Foundation's tax-exempt status using EIN 202102643 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
Rpm Foundation demonstrates a fluctuating financial performance over the past decade. While the organization reported a positive net income in 2023 ($467,101 revenue vs. $376,304 expenses), it experienced significant deficits in several prior years, such as 2022 (revenue $282,480, expenses $469,781) and 2020 (revenue $165,778, expenses $378,706). This inconsistency suggests potential challenges in maintaining stable funding or managing expenses. The organization's assets have also shown variability, peaking at $939,165 in 2014 and currently standing at $656,157 in 2023.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's difficult to fully assess. However, the consistent reporting of 0% officer compensation across all available filings indicates a commitment to minimizing executive overhead, which is a positive sign for donor confidence. The organization's liabilities have increased in recent years, reaching $150,067 in 2023, which warrants monitoring relative to its assets.
In terms of transparency, the consistent filing of IRS Form 990s over 13 periods is a strong indicator of compliance and openness. The absence of officer compensation is also a transparent practice. However, a more detailed breakdown of functional expenses would further enhance transparency and allow for a more precise evaluation of how funds are allocated to programs versus overhead.