Quick charity verification for Scott Rigsby Foundation Inc (EIN: 208146097)
Verdict: Scott Rigsby Foundation Inc shows mixed signals
65/100Mission Score
$270KRevenue
$37KAssets
2Red Flags
2Strengths
Red Flags
Significant decline in assets from $255,187 in 2013 to $36,979 in 2016.
Expenses exceeded revenue in multiple periods (e.g., 2016: $271,710 expenses vs. $270,443 revenue; 2014: $389,481 expenses vs. $176,636 revenue).
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating strong transparency and dedication of funds to mission.
No reported liabilities in the most recent filing (2016).
Spending Breakdown
How Scott Rigsby Foundation Inc 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 Scott Rigsby Foundation Inc
Is Scott Rigsby Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Scott Rigsby Foundation Inc (EIN: 208146097) shows mixed signals. Mission Score: 65/100. 2 red flags identified, 2 strengths noted.
Is Scott Rigsby Foundation Inc a good charity to donate to?
Scott Rigsby Foundation Inc has a Mission Score of 65/100. Revenue: $270K. Assets: $37K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Scott Rigsby Foundation Inc?
The Employer Identification Number (EIN) for Scott Rigsby Foundation Inc is 208146097. 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 Scott Rigsby Foundation Inc spend its money?
Scott Rigsby Foundation Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Scott Rigsby Foundation Inc's tax-exempt status?
You can verify Scott Rigsby Foundation Inc's tax-exempt status using EIN 208146097 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 Scott Rigsby Foundation Inc. demonstrates a mixed financial picture. While the organization has consistently reported zero officer compensation across all available filings, indicating good transparency regarding executive pay, its financial health shows some volatility. In 2016, expenses ($271,710) slightly exceeded revenue ($270,443), and assets have declined significantly from $255,187 in 2013 to $36,979 in 2016. The substantial expense in 2014 ($389,481) against revenue ($176,636) also suggests periods of significant deficit spending.
The spending efficiency is difficult to fully ascertain without a detailed breakdown of program, administrative, and fundraising expenses from the provided data. However, the consistent decline in assets and periods of spending exceeding revenue raise questions about long-term financial sustainability and operational efficiency. The lack of liabilities in the most recent filing (2016) is a positive sign, but the overall trend in assets warrants closer examination.