Foundation For Rhode Island Dayschools
Foundation For Rhode Island Dayschools consistently spends nearly all revenue annually with no officer compensation.
EIN: 205654039 · Providence, RI · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $656K |
| Total Expenses | $716K |
| Program Spending | 90% |
| Net Assets | $42K |
| Transparency Score | 92/100 |
Is Foundation For Rhode Island Dayschools Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Foundation For Rhode Island Dayschools directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Foundation For Rhode Island Dayschools
Foundation For Rhode Island Dayschools (EIN: 205654039) is a nonprofit organization based in Providence, RI, classified under NTEE code B82. The organization reported total revenue of $656K and total assets of $34K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation For Rhode Island Dayschools's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundation For Rhode Island Dayschools is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $717K |
| Total Expenses | $716K |
| Surplus / Deficit | +$1K |
| Total Assets | $45K |
| Total Liabilities | $3K |
| Net Assets | $42K |
| Operating Margin | 0.2% |
| Debt-to-Asset Ratio | 6.0% |
| Months of Reserves | 0.8 months |
Financial Health Grade: A
In 2023, Foundation For Rhode Island Dayschools reported a surplus of $1K with revenue exceeding expenses, holds 0.8 months of operating reserves (limited), has a debt-to-asset ratio of 6.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Foundation For Rhode Island Dayschools's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.6% | +23.2% | -9.8% |
| 2022 | -20.1% | -20.1% | -0.3% |
| 2021 | +0.8% | -0.8% | +76.7% |
| 2020 | +35.6% | +33.7% | -31.4% |
| 2019 | -26.8% | -22.6% | -34.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Foundation For Rhode Island Dayschools with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Foundation For Rhode Island Dayschools allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $1K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for an organization of its size with annual revenues consistently in the hundreds of thousands.
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.
Strengths
The following positive indicators were identified for Foundation For Rhode Island Dayschools:
- Consistent 0% officer compensation, indicating strong commitment to mission spending.
- Revenues and expenses are closely matched annually, suggesting efficient utilization of funds.
- Long and consistent filing history (13 filings) demonstrates transparency and accountability.
- Low liabilities across all periods, indicating sound financial management and minimal debt.
Frequently Asked Questions about Foundation For Rhode Island Dayschools
Is Foundation For Rhode Island Dayschools a legitimate charity?
Based on AI analysis of IRS 990 filings, Foundation For Rhode Island Dayschools (EIN: 205654039) appears legitimate. Mission Score: 92/100. 0 red flags identified, 4 strengths noted.
How does Foundation For Rhode Island Dayschools spend its money?
Foundation For Rhode Island Dayschools directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Foundation For Rhode Island Dayschools tax-deductible?
Foundation For Rhode Island Dayschools is registered as a tax-exempt nonprofit (EIN: 205654039). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Foundation For Rhode Island Dayschools's spending goes to programs?
Foundation For Rhode Island Dayschools directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Foundation For Rhode Island Dayschools compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Foundation For Rhode Island Dayschools is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Foundation For Rhode Island Dayschools located?
Foundation For Rhode Island Dayschools is headquartered in Providence, Rhode Island and files with the IRS under EIN 205654039. It is classified under NTEE code B82.
How many years of IRS 990 filings does Foundation For Rhode Island Dayschools have?
Foundation For Rhode Island Dayschools has 13 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 $656K in total revenue.
Is Foundation For Rhode Island Dayschools a good charity?
Based on the available IRS 990 data, the Foundation For Rhode Island Dayschools appears to be a good charity. It consistently spends nearly all its revenue on its mission, as evidenced by the close match between revenues and expenses (e.g., $716,856 revenue vs. $715,675 expenses in 2023). A significant positive is the reported 0% officer compensation, meaning funds are not diverted to executive salaries.
How does the organization manage its finances given its tight budget?
The organization manages its finances by operating on a very tight budget, with expenses closely mirroring revenues each year. This suggests a 'spend-as-you-go' model, where funds are primarily used for immediate operational needs rather than accumulating large reserves. For example, in 2022, revenue was $580,074 and expenses were $580,925, indicating a slight deficit but overall balanced spending.
What is the trend in the organization's assets and liabilities?
The organization's assets have fluctuated but remained relatively modest, ranging from a low of $20,824 in 2014 to a high of $62,694 in 2018, currently at $44,963. Liabilities have also been low, often at $0 or a few thousand dollars, indicating a healthy balance sheet without significant debt. This suggests a financially conservative approach.
Filing History
IRS 990 filing history for Foundation For Rhode Island Dayschools showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Foundation For Rhode Island Dayschools's revenue has grown by 131.4%, moving from $310K to $717K. Total assets increased by 57.1% over the same period, from $29K to $45K. Total functional expenses rose by 123.1%, from $321K to $716K. In its most recent filing year (2023), Foundation For Rhode Island Dayschools reported a surplus of $1K, with revenue exceeding expenses. The organization holds $3K in liabilities against $45K in assets (debt-to-asset ratio: 6.0%), resulting in net assets of $42K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $717K | $716K | $45K | $3K | — | — |
| 2022 | $580K | $581K | $50K | $7K | — | View 990 |
| 2021 | $726K | $727K | $50K | $7K | — | View 990 |
| 2020 | $720K | $733K | $28K | $0 | — | View 990 |
| 2019 | $531K | $548K | $41K | $0 | — | View 990 |
| 2018 | $726K | $708K | $63K | $5K | — | View 990 |
| 2017 | $864K | $856K | $43K | $3K | — | — |
| 2016 | $736K | $724K | $36K | $3K | — | View 990 |
| 2015 | $345K | $345K | $21K | $0 | — | View 990 |
| 2014 | $422K | $428K | $21K | $0 | — | View 990 |
| 2013 | $554K | $540K | $26K | $0 | — | View 990 |
| 2012 | $270K | $284K | $13K | $0 | — | View 990 |
| 2011 | $310K | $321K | $29K | $868 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $717K, expenses of $716K, and assets of $45K (revenue +23.6% year-over-year).
- 2022: Revenue of $580K, expenses of $581K, and assets of $50K (revenue -20.1% year-over-year).
- 2021: Revenue of $726K, expenses of $727K, and assets of $50K (revenue +0.8% year-over-year).
- 2020: Revenue of $720K, expenses of $733K, and assets of $28K (revenue +35.6% year-over-year).
- 2019: Revenue of $531K, expenses of $548K, and assets of $41K (revenue -26.8% year-over-year).
- 2018: Revenue of $726K, expenses of $708K, and assets of $63K (revenue -15.9% year-over-year).
- 2017: Revenue of $864K, expenses of $856K, and assets of $43K (revenue +17.3% year-over-year).
- 2016: Revenue of $736K, expenses of $724K, and assets of $36K (revenue +113.5% year-over-year).
- 2015: Revenue of $345K, expenses of $345K, and assets of $21K (revenue -18.3% year-over-year).
- 2014: Revenue of $422K, expenses of $428K, and assets of $21K (revenue -23.8% year-over-year).
- 2013: Revenue of $554K, expenses of $540K, and assets of $26K (revenue +105.3% year-over-year).
- 2012: Revenue of $270K, expenses of $284K, and assets of $13K (revenue -13.0% year-over-year).
- 2011: Revenue of $310K, expenses of $321K, and assets of $29K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundation For Rhode Island Dayschools:
Data Sources and Methodology
This transparency report for Foundation For Rhode Island Dayschools 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.