City Of Refuge Foundation Inc
City Of Refuge Foundation Inc shows strong asset growth and minimal expenses, with no reported officer compensation.
EIN: 208418742 · Rocky Mount, NC · NTEE: B20 · Updated: 2026-03-28
Is City Of Refuge Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
City Of Refuge Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About City Of Refuge Foundation Inc
City Of Refuge Foundation Inc (EIN: 208418742) is a nonprofit organization based in Rocky Mount, NC, classified under NTEE code B20. The organization reported total revenue of $394K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of City Of Refuge Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
City Of Refuge Foundation Inc is a small nonprofit that has been operating for 6 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $286K |
| Total Expenses | $16K |
| Surplus / Deficit | +$270K |
| Total Assets | $1.3M |
| Net Assets | $1.3M |
| Operating Margin | 94.5% |
| Months of Reserves | 983.2 months |
Financial Health Grade: A
In 2023, City Of Refuge Foundation Inc reported a surplus of $270K with revenue exceeding expenses, holds 983.2 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2021–2023), City Of Refuge Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -62.4% | -80.7% | +26.7% |
| 2022 | +134.0% | +514.6% | +224.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates City Of Refuge Foundation Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, City Of Refuge Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $270K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either volunteer-based or compensated through non-officer roles, which is a positive sign for donor trust and efficient use of funds relative to the organization's size and growing assets.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of City Of Refuge Foundation Inc's IRS 990 filings:
- Very low reported expenses relative to revenue, which could indicate significant fund retention rather than immediate program spending, or a lack of detailed expense reporting.
- Lack of detailed program expense breakdown in the provided summary, making it hard to fully assess programmatic impact.
Strengths
The following positive indicators were identified for City Of Refuge Foundation Inc:
- Consistent and significant asset growth, from $311,524 in 2021 to $1,642,662 currently.
- Zero reported liabilities across all filings, indicating excellent financial health and no debt.
- 0% reported officer compensation, suggesting volunteer leadership or highly efficient compensation practices.
- Extremely low expense ratios, indicating highly efficient operations or a strong focus on building reserves.
Frequently Asked Questions about City Of Refuge Foundation Inc
Is City Of Refuge Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, City Of Refuge Foundation Inc (EIN: 208418742) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does City Of Refuge Foundation Inc spend its money?
City Of Refuge Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to City Of Refuge Foundation Inc tax-deductible?
City Of Refuge Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208418742). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is City Of Refuge Foundation Inc a good charity?
Based on the available IRS 990 data, City Of Refuge Foundation Inc appears to be a financially sound organization with strong asset growth, minimal liabilities, and no reported officer compensation. Their extremely low expense ratios suggest high efficiency or significant retention of funds for future use. However, without more detailed program outcome reporting, it's difficult to fully assess their programmatic impact.
How does City Of Refuge Foundation Inc manage its finances?
The organization manages its finances very conservatively, consistently reporting very low expenses relative to revenue and maintaining zero liabilities. This approach has led to substantial asset growth, from $311,524 in 2021 to $1,642,662 currently, indicating strong financial stewardship and a focus on building reserves.
What is the trend in City Of Refuge Foundation Inc's revenue?
City Of Refuge Foundation Inc's revenue has fluctuated, with $324,729 in 2021, a peak of $759,779 in 2022, and $285,784 in 2023. The latest reported revenue is $394,130, showing variability but overall a capacity to generate significant income.
Filing History
IRS 990 filing history for City Of Refuge Foundation Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), City Of Refuge Foundation Inc's revenue has declined by 12%, moving from $325K to $286K. Total assets increased by 311% over the same period, from $312K to $1.3M. Total functional expenses rose by 18.3%, from $13K to $16K. In its most recent filing year (2023), City Of Refuge Foundation Inc reported a surplus of $270K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $286K | $16K | $1.3M | $0 | — | View 990 |
| 2022 | $760K | $81K | $1.0M | $0 | — | View 990 |
| 2021 | $325K | $13K | $312K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $286K, expenses of $16K, and assets of $1.3M (revenue -62.4% year-over-year).
- 2022: Revenue of $760K, expenses of $81K, and assets of $1.0M (revenue +134.0% year-over-year).
- 2021: Revenue of $325K, expenses of $13K, and assets of $312K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for City Of Refuge Foundation Inc:
Data Sources and Methodology
This transparency report for City Of Refuge Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.