Quick charity verification for Textile Research Institute (EIN: 210647231)
Verdict: Textile Research Institute appears trustworthy
75/100Mission Score
$7.2MRevenue
$4.8MAssets
2Red Flags
4Strengths
Red Flags
Significant deficit in 2023 ($1,421,687) where expenses ($7,576,226) substantially exceeded revenue ($6,154,539).
Substantial increase in liabilities in 2023 to $3,453,542, up from $2,075,947 in 2022, which could indicate new financial obligations.
Strengths
Consistent long-term revenue growth, increasing from $2,012,748 in 2014 to $6,154,539 in 2023.
Strong asset growth, from $1,826,871 in 2014 to $5,841,244 in 2023, indicating increasing financial capacity.
Excellent transparency regarding executive compensation, with 0% reported for officers across all filings.
Consistent filing of IRS Form 990s for 13 periods, demonstrating commitment to public disclosure.
Spending Breakdown
How Textile Research Institute 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 Textile Research Institute
Is Textile Research Institute a legitimate charity?
Based on AI analysis of IRS 990 filings, Textile Research Institute (EIN: 210647231) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Textile Research Institute a good charity to donate to?
Textile Research Institute has a Mission Score of 75/100. Revenue: $7.2M. Assets: $4.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Textile Research Institute?
The Employer Identification Number (EIN) for Textile Research Institute is 210647231. 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 Textile Research Institute spend its money?
Textile Research Institute allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Textile Research Institute's tax-exempt status?
You can verify Textile Research Institute's tax-exempt status using EIN 210647231 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 Textile Research Institute demonstrates a generally stable financial trajectory with consistent revenue growth over the past decade, increasing from $2,012,748 in 2014 to $6,154,539 in 2023. However, the most recent filing (2023) shows expenses of $7,576,226 significantly exceeding revenue of $6,154,539, resulting in a deficit for the year. This contrasts with previous years where revenue generally outpaced or closely matched expenses. The organization's assets have also shown substantial growth, from $1,826,871 in 2014 to $5,841,244 in 2023, indicating a growing resource base. Liabilities have also increased, particularly in 2023 to $3,453,542, which warrants closer examination to understand the nature of these obligations.
Spending efficiency appears to be a mixed bag. While the organization has managed its finances to support growth, the recent deficit in 2023 suggests a potential shift or one-time expenditures that led to spending exceeding income. Without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess efficiency. However, the consistent growth in assets and revenue over the long term suggests a capacity to manage and expand operations.
Transparency regarding executive compensation is excellent, with 0% reported for officer compensation across all available filings. This indicates that the organization's leadership is either unpaid or compensated through other means not classified as officer compensation, which is a strong positive for transparency and resource allocation directly to the mission. The consistent filing of IRS Form 990s over 13 periods also demonstrates a commitment to regulatory compliance and public disclosure.