Friends Of The Royal Textileacademy Of Bhutan Inc
Friends Of The Royal Textileacademy Of Bhutan Inc shows robust financial growth and extremely low overhead.
EIN: 203981633 · Darien, GA · NTEE: T20 · Updated: 2026-03-28
Is Friends Of The Royal Textileacademy Of Bhutan Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of The Royal Textileacademy Of Bhutan Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of The Royal Textileacademy Of Bhutan Inc
Friends Of The Royal Textileacademy Of Bhutan Inc (EIN: 203981633) is a nonprofit organization based in Darien, GA, classified under NTEE code T20. The organization reported total revenue of $4.9M and total assets of $11.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of The Royal Textileacademy Of Bhutan Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of The Royal Textileacademy Of Bhutan Inc with a Mission Score of 95 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, Friends Of The Royal Textileacademy Of Bhutan 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.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through non-officer channels, which is highly unusual for an organization with millions in revenue and assets, and suggests a strong commitment to directing funds towards the mission.
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 Friends Of The Royal Textileacademy Of Bhutan Inc's IRS 990 filings:
- Unusually low reported expenses relative to revenue, potentially indicating significant funds held or not fully expended on programs in the reporting period.
- Consistent 0% officer compensation for an organization with multi-million dollar revenue and assets, which is atypical and might require deeper investigation into compensation structures.
Strengths
The following positive indicators were identified for Friends Of The Royal Textileacademy Of Bhutan Inc:
- Strong financial growth, with assets increasing from $49,302 in 2012 to $11,380,253 currently.
- Very high spending efficiency, with expenses consistently a small fraction of revenue (e.g., 16.9% in 2023, 14.6% in 2022).
- Consistent reporting of 0% officer compensation, suggesting a strong commitment to the mission.
- Low liabilities, indicating sound financial management and minimal debt.
- Consistent IRS 990 filing history, demonstrating transparency.
Frequently Asked Questions about Friends Of The Royal Textileacademy Of Bhutan Inc
Is Friends Of The Royal Textileacademy Of Bhutan Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of The Royal Textileacademy Of Bhutan Inc (EIN: 203981633) some concerns. Mission Score: 95/100. 2 red flags identified, 5 strengths noted.
How does Friends Of The Royal Textileacademy Of Bhutan Inc spend its money?
Friends Of The Royal Textileacademy Of Bhutan Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of The Royal Textileacademy Of Bhutan Inc tax-deductible?
Friends Of The Royal Textileacademy Of Bhutan Inc is registered as a tax-exempt nonprofit (EIN: 203981633). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Friends Of The Royal Textileacademy Of Bhutan Inc a good charity?
Based on its financial data, the organization appears to be a very good charity. It demonstrates strong financial health, significant asset growth, and extremely low reported expenses relative to revenue, suggesting efficient use of funds. The 0% officer compensation is also a strong positive indicator.
How has the organization's financial health changed over time?
The organization has shown remarkable financial growth. Revenue has fluctuated but generally trended upwards, with a significant jump in recent years (e.g., $649,994 in 2021 to $2,235,000 in 2023). Assets have grown dramatically from $49,302 in 2012 to over $11 million currently, indicating strong financial accumulation and stability.
What is the organization's spending efficiency?
The organization exhibits very high spending efficiency. In 2023, expenses were only $377,609 against $2,235,000 in revenue, meaning only about 16.9% of revenue was spent. Similarly, in 2022, expenses were $323,085 against $2,205,000 in revenue, approximately 14.6% of revenue. This suggests a very low overhead and a high proportion of funds potentially available for programs or asset building.
Are there any concerns regarding executive compensation?
The reported 0% officer compensation across all filings is unusual for an organization of this size. While it could indicate a highly dedicated volunteer leadership, it might also warrant further inquiry into how leadership is supported or if compensation is reported under different categories.
Filing History
IRS 990 filing history for Friends Of The Royal Textileacademy Of Bhutan Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Friends Of The Royal Textileacademy Of Bhutan Inc's revenue has grown by 170.8%, moving from $825K to $2.2M. Total assets increased by 244.7% over the same period, from $1.4M to $4.7M. Total functional expenses fell by 7.7%, from $409K to $378K. In its most recent filing year (2023), Friends Of The Royal Textileacademy Of Bhutan Inc reported a surplus of $1.9M, with revenue exceeding expenses. The organization holds $1 in liabilities against $4.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $378K | $4.7M | $1 | — | View 990 |
| 2022 | $2.2M | $323K | $2.8M | $1 | — | View 990 |
| 2021 | $650K | $82K | $939K | $1 | — | View 990 |
| 2020 | $101K | $349K | $371K | $1 | — | View 990 |
| 2019 | $562K | $1.3M | $619K | $3K | — | View 990 |
| 2015 | $782K | $157K | $2.8M | $0 | — | View 990 |
| 2014 | $1.5M | $89K | $2.2M | $1 | — | View 990 |
| 2013 | $801K | $121K | $730K | $0 | — | View 990 |
| 2012 | $779K | $2.1M | $49K | $0 | — | View 990 |
| 2011 | $825K | $409K | $1.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $378K, and assets of $4.7M (revenue +1.4% year-over-year).
- 2022: Revenue of $2.2M, expenses of $323K, and assets of $2.8M (revenue +239.2% year-over-year).
- 2021: Revenue of $650K, expenses of $82K, and assets of $939K (revenue +546.0% year-over-year).
- 2020: Revenue of $101K, expenses of $349K, and assets of $371K (revenue -82.1% year-over-year).
- 2019: Revenue of $562K, expenses of $1.3M, and assets of $619K (revenue -28.1% year-over-year).
- 2015: Revenue of $782K, expenses of $157K, and assets of $2.8M (revenue -48.6% year-over-year).
- 2014: Revenue of $1.5M, expenses of $89K, and assets of $2.2M (revenue +90.0% year-over-year).
- 2013: Revenue of $801K, expenses of $121K, and assets of $730K (revenue +2.9% year-over-year).
- 2012: Revenue of $779K, expenses of $2.1M, and assets of $49K (revenue -5.6% year-over-year).
- 2011: Revenue of $825K, expenses of $409K, and assets of $1.4M.
Data Sources and Methodology
This transparency report for Friends Of The Royal Textileacademy Of Bhutan 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.