Quick charity verification for Triangle Rowing Club (EIN: 202416149)
Verdict: Triangle Rowing Club appears trustworthy
95/100Mission Score
$553KRevenue
$272KAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent revenue growth, from $203,406 in 2016 to $448,401 in 2023.
0% officer compensation reported across all filings, indicating high efficiency.
Healthy asset growth and low liabilities, demonstrating strong financial stability (Assets $268,819 vs. Liabilities $8,975 in 2023).
Consistent positive net income (revenue exceeding expenses) in most years, such as $448,401 revenue vs. $414,859 expenses in 2023.
Spending Breakdown
How Triangle Rowing Club allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Triangle Rowing Club
Is Triangle Rowing Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Triangle Rowing Club (EIN: 202416149) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
Is Triangle Rowing Club a good charity to donate to?
Triangle Rowing Club has a Mission Score of 95/100. Revenue: $553K. Assets: $272K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Triangle Rowing Club?
The Employer Identification Number (EIN) for Triangle Rowing Club is 202416149. 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 Triangle Rowing Club spend its money?
Triangle Rowing Club allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Triangle Rowing Club's tax-exempt status?
You can verify Triangle Rowing Club's tax-exempt status using EIN 202416149 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
Triangle Rowing Club demonstrates consistent financial growth and prudent management based on its IRS 990 filings. Over the past eight years, the organization has shown a positive trend in revenue, increasing from $203,406 in 2016 to $448,401 in 2023. This growth is generally accompanied by a healthy surplus, indicating that expenses are well-managed relative to income. For instance, in 2023, revenue was $448,401 against expenses of $414,859, resulting in a surplus.
The organization's asset base has also grown steadily, reaching $268,819 in 2023, while liabilities remain low, at $8,975 in the same period, suggesting strong financial stability and minimal debt burden. The consistent reporting of 0% officer compensation across all filings indicates a commitment to directing funds towards its mission rather than executive salaries, which is a strong positive for spending efficiency and transparency. Overall, Triangle Rowing Club appears to be a financially healthy and well-managed nonprofit.