Relatively low asset base compared to annual revenue, potentially limiting long-term reserves or investment capacity (e.g., $142,520 assets vs. $2.5M revenue in 2023).
Strengths
Consistent revenue growth, especially a significant increase from 2022 to 2023 ($1.4M to $2.5M).
0% officer compensation reported across all filings, indicating high efficiency and mission focus.
Expenses closely align with revenue, suggesting efficient use of funds for current operations.
Healthy asset-to-liability ratio, demonstrating good financial solvency (e.g., $142,520 assets vs. $37,595 liabilities in 2023).
Spending Breakdown
How Runnemede Industries Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Runnemede Industries Inc
Is Runnemede Industries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Runnemede Industries Inc (EIN: 200090179) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
Is Runnemede Industries Inc a good charity to donate to?
Runnemede Industries Inc has a Mission Score of 92/100. Revenue: $2.5M. Assets: $170K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Runnemede Industries Inc?
The Employer Identification Number (EIN) for Runnemede Industries Inc is 200090179. 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 Runnemede Industries Inc spend its money?
Runnemede Industries Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Runnemede Industries Inc's tax-exempt status?
You can verify Runnemede Industries Inc's tax-exempt status using EIN 200090179 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
Runnemede Industries Inc demonstrates a generally stable financial position with consistent revenue growth over the past several years, particularly noting a significant jump in revenue from $1,426,826 in 2022 to $2,557,060 in 2023. The organization consistently operates with expenses closely aligned to its revenue, indicating a lean operational model. For instance, in 2023, expenses were $2,509,345 against revenues of $2,557,060, resulting in a modest surplus. This trend of near break-even operations suggests that most incoming funds are directly utilized for current period activities.
The organization's asset base has shown some fluctuation but remains relatively modest compared to its annual revenue, with assets at $142,520 in 2023. Liabilities have also varied, but the organization generally maintains a healthy asset-to-liability ratio, indicating good financial solvency. A key aspect of their financial health is the reported 0% officer compensation across all available filings, which suggests a strong commitment to directing funds towards the mission rather than executive salaries. This practice significantly enhances their spending efficiency and transparency profile.
Overall, Runnemede Industries Inc appears to be a financially responsible organization, effectively managing its resources to meet its operational needs. The consistent lack of officer compensation is a strong indicator of transparency and dedication to its mission, making it an efficient steward of its funds. The growth in revenue in recent years also suggests increasing program activity or support.