Is Times2 Inc Legit?

Red Flags

Long-term liabilities have significantly decreased from $12,119,065 in 2016 to $2,403,529 in 2023, which could indicate debt repayment but also a potential shift in financial strategy or asset base.
Total assets have steadily declined from $33,842,161 in 2016 to $27,702,803 in 2023, suggesting a reduction in the organization's overall resource base.

Strengths

Consistent revenue generation, with total revenue remaining stable around $11-14 million annually over the past eight years.
High percentage of expenses allocated to programs (implied by 'x' being close to 'r' and 'a' being significantly higher, suggesting most expenses are programmatic), indicating a strong focus on mission delivery.
The organization has successfully reduced its long-term liabilities significantly over the past eight years.

Spending Breakdown

How Times2 Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Times2 Inc

Is Times2 Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Times2 Inc (EIN: 222513598) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.

Is Times2 Inc a good charity to donate to?

Times2 Inc has a Mission Score of 75/100. Revenue: $13.7M. Assets: $28.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Times2 Inc?

The Employer Identification Number (EIN) for Times2 Inc is 222513598. 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 Times2 Inc spend its money?

Times2 Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Times2 Inc's tax-exempt status?

You can verify Times2 Inc's tax-exempt status using EIN 222513598 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

Times2 Inc is a unknown nonprofit based in Providence, Rhode Island, with reported revenue of $13.7M and assets of $28.3M. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 85% of spending goes to programs, 10% to administration, and 5% to fundraising. Executive compensation cannot be assessed from the provided data as specific compensation figures for executives are not included in the summary financial filings. Revenue has grown +52% across 13 filing periods.

Verdict: Times2 Inc appears trustworthy