Eunice And Milton H Ring Foundation
EIN: 386078083 · Franklin, MI
| Metric | Value |
|---|---|
| Total Revenue | $226K |
| Total Expenses | $206K |
| Net Assets | $793K |
Is Eunice And Milton H Ring Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Eunice And Milton H Ring Foundation
Eunice And Milton H Ring Foundation (EIN: 386078083) is a nonprofit organization based in Franklin, MI. The organization reported total revenue of $226K and total assets of $826K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eunice And Milton H Ring Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eunice And Milton H Ring Foundation is a small nonprofit that has been operating for 68 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $349K |
| Total Expenses | $206K |
| Surplus / Deficit | +$143K |
| Total Assets | $793K |
| Total Liabilities | $1 |
| Net Assets | $793K |
| Operating Margin | 41.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 46.2 months |
Financial Health Grade: A
In 2023, Eunice And Milton H Ring Foundation reported a surplus of $143K with revenue exceeding expenses, holds 46.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Eunice And Milton H Ring Foundation's revenue has grown at a compound annual growth rate (CAGR) of 16.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +193.9% | +119.1% | +22.1% |
| 2022 | -54.6% | +25.5% | +4.0% |
| 2021 | +135.2% | -19.0% | +42.7% |
| 2020 | -26.3% | +5.4% | -4.6% |
| 2019 | +202.1% | -13.2% | -20.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1270 |
| IRS Ruling Date | 1958 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Eunice And Milton H Ring Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Eunice And Milton H Ring Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $143K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Eunice And Milton H Ring Foundation
Is Eunice And Milton H Ring Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Eunice And Milton H Ring Foundation (EIN: 386078083) insufficient data. 0 red flags identified, 0 strengths noted.
How does Eunice And Milton H Ring Foundation spend its money?
Detailed spending breakdown data is not yet available for Eunice And Milton H Ring Foundation. Check back for updated IRS 990 analysis.
Are donations to Eunice And Milton H Ring Foundation tax-deductible?
Eunice And Milton H Ring Foundation is registered as a tax-exempt nonprofit (EIN: 386078083). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Eunice And Milton H Ring Foundation located?
Eunice And Milton H Ring Foundation is headquartered in Franklin, Michigan and files with the IRS under EIN 386078083.
How many years of IRS 990 filings does Eunice And Milton H Ring Foundation have?
Eunice And Milton H Ring Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $226K in total revenue.
Filing History
IRS 990 filing history for Eunice And Milton H Ring Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Eunice And Milton H Ring Foundation's revenue has grown by 518.5%, moving from $56K to $349K. Total assets increased by 104.8% over the same period, from $387K to $793K. Total functional expenses rose by 161.7%, from $79K to $206K. In its most recent filing year (2023), Eunice And Milton H Ring Foundation reported a surplus of $143K, with revenue exceeding expenses. The organization holds $1 in liabilities against $793K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $793K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $349K | $206K | $793K | $1 | — | View 990 |
| 2022 | $119K | $94K | $650K | $1 | — | View 990 |
| 2021 | $262K | $75K | $625K | $1 | — | View 990 |
| 2020 | $111K | $92K | $438K | $1 | — | — |
| 2019 | $151K | $88K | $459K | $999 | — | View 990 |
| 2015 | $50K | $101K | $580K | $1 | — | View 990 |
| 2014 | $150K | $108K | $632K | $1 | — | View 990 |
| 2013 | $119K | $110K | $591K | $1 | — | View 990 |
| 2012 | $267K | $67K | $586K | $4K | — | View 990 |
| 2011 | $56K | $79K | $387K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $349K, expenses of $206K, and assets of $793K (revenue +193.9% year-over-year).
- 2022: Revenue of $119K, expenses of $94K, and assets of $650K (revenue -54.6% year-over-year).
- 2021: Revenue of $262K, expenses of $75K, and assets of $625K (revenue +135.2% year-over-year).
- 2020: Revenue of $111K, expenses of $92K, and assets of $438K (revenue -26.3% year-over-year).
- 2019: Revenue of $151K, expenses of $88K, and assets of $459K (revenue +202.1% year-over-year).
- 2015: Revenue of $50K, expenses of $101K, and assets of $580K (revenue -66.7% year-over-year).
- 2014: Revenue of $150K, expenses of $108K, and assets of $632K (revenue +26.4% year-over-year).
- 2013: Revenue of $119K, expenses of $110K, and assets of $591K (revenue -55.5% year-over-year).
- 2012: Revenue of $267K, expenses of $67K, and assets of $586K (revenue +372.8% year-over-year).
- 2011: Revenue of $56K, expenses of $79K, and assets of $387K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Eunice And Milton H Ring Foundation:
Data Sources and Methodology
This transparency report for Eunice And Milton H Ring Foundation 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.