Narragansett Charitable Foundation Inc
Narragansett Charitable Foundation: Minimal Activity, High Assets
EIN: 222890950 · Providence, RI · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $550 |
| Total Expenses | $50 |
| CEO/Top Officer Pay | $0 |
| Net Assets | $2K |
| Transparency Score | 20/100 |
Is Narragansett Charitable Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Narragansett Charitable Foundation Inc
Narragansett Charitable Foundation Inc (EIN: 222890950) is a nonprofit organization based in Providence, RI. The organization reported total revenue of $550 and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Narragansett Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Narragansett Charitable Foundation Inc is a micro nonprofit that has been operating for 38 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -43.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $50 |
| Total Expenses | $50 |
| Surplus / Deficit | +$0 |
| Total Assets | $2K |
| Total Liabilities | $1 |
| Net Assets | $2K |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 426.2 months |
Financial Health Grade: A
In 2023, Narragansett Charitable Foundation Inc reported a surplus of $0 with revenue exceeding expenses, holds 426.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Narragansett Charitable Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -43.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4900.0% | — | +0.0% |
| 2022 | +0.0% | -100.0% | +0.0% |
| 2021 | +0.0% | — | -5.2% |
| 2020 | +0.0% | -100.0% | +0.0% |
| 2019 | -100.0% | -99.7% | -93.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Narragansett Charitable Foundation Inc with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Narragansett Charitable Foundation Inc allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating no paid executives.
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 Narragansett Charitable Foundation Inc's IRS 990 filings:
- Consistently reports $0 in program service expenses, raising questions about its charitable activities.
- Minimal revenue and expenses in recent years (e.g., 2023 revenue $50, expenses $50) suggest it is largely inactive.
- The purpose or mission of the foundation is not clearly discernible from the provided financial data, given the lack of activity.
Strengths
The following positive indicators were identified for Narragansett Charitable Foundation Inc:
- Maintains a significant asset base (e.g., $1,776 in 2023) despite minimal operational funding.
- Zero executive compensation indicates no overhead costs related to salaries.
Frequently Asked Questions about Narragansett Charitable Foundation Inc
Is Narragansett Charitable Foundation Inc a legitimate charity?
Narragansett Charitable Foundation Inc (EIN: 222890950) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 20/100. It has 10 years of IRS 990 filings on record. Total revenue: $550. 3 red flags identified. 2 strengths noted. Financial health grade: A.
How does Narragansett Charitable Foundation Inc spend its money?
Narragansett Charitable Foundation Inc reported $550 in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Narragansett Charitable Foundation Inc tax-deductible?
Narragansett Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222890950). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Narragansett Charitable Foundation Inc CEO make?
Narragansett Charitable Foundation Inc's highest-compensated officer earns $0 annually. The organization reported $550 in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Narragansett Charitable Foundation Inc located?
Narragansett Charitable Foundation Inc is headquartered in Providence, Rhode Island and files with the IRS under EIN 222890950.
How many years of IRS 990 filings does Narragansett Charitable Foundation Inc have?
Narragansett Charitable Foundation Inc 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 $550 in total revenue.
What does Narragansett Charitable Foundation Inc do?
Narragansett Charitable Foundation Inc is a nonprofit organization in the Unknown sector, located in Providence, Rhode Island. It is classified under NTEE code Unknown.
How much revenue does Narragansett Charitable Foundation Inc have?
Narragansett Charitable Foundation Inc reported total revenue of $550. Based on 10 IRS 990 filings on record.
What are Narragansett Charitable Foundation Inc's total assets?
Narragansett Charitable Foundation Inc holds total assets of $1,776 as reported in IRS 990 filings.
Where is Narragansett Charitable Foundation Inc located?
Narragansett Charitable Foundation Inc is based in Providence, Rhode Island.
What is Narragansett Charitable Foundation Inc's EIN?
Narragansett Charitable Foundation Inc's Employer Identification Number (EIN) is 222890950. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Narragansett Charitable Foundation Inc?
Narragansett Charitable Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Narragansett Charitable Foundation Inc a registered 501(c)(3)?
Narragansett Charitable Foundation Inc appears in IRS records (EIN: 222890950). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Narragansett Charitable Foundation Inc file IRS Form 990?
Yes, Narragansett Charitable Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Narragansett Charitable Foundation Inc's revenue in 2023?
In the 202312 filing period, Narragansett Charitable Foundation Inc reported total revenue of $50, total expenses of $50, and net assets of $1,776.
Is Narragansett Charitable Foundation Inc's revenue growing or declining?
Narragansett Charitable Foundation Inc's revenue is growing. Revenue went from $1 (202212) to $50 (202312), a +4900.0% change. Based on 10 filings on record.
What is Narragansett Charitable Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Narragansett Charitable Foundation Inc covers tax period 202312. It shows revenue of $50, expenses of $50, total assets of $1,776, and liabilities of $1.
Is Narragansett Charitable Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Narragansett Charitable Foundation Inc has notable concerns. Mission Score: 20/100 (Poor). 3 red flags identified. 2 strengths noted.
What are the red flags for Narragansett Charitable Foundation Inc?
The following concerns were identified: Consistently reports $0 in program service expenses, raising questions about its charitable activities.. Minimal revenue and expenses in recent years (e.g., 2023 revenue $50, expenses $50) suggest it is largely inactive.. The purpose or mission of the foundation is not clearly discernible from the provided financial data, given the lack of activity.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Narragansett Charitable Foundation Inc's strengths?
Positive indicators for Narragansett Charitable Foundation Inc include: Maintains a significant asset base (e.g., $1,776 in 2023) despite minimal operational funding.. Zero executive compensation indicates no overhead costs related to salaries.. These findings are derived from AI analysis of the organization's financial filings.
How does Narragansett Charitable Foundation Inc compensate executives?
Executive compensation is reported as $0 across all available filings, indicating no paid executives. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 program service expenses and minimal revenue/expenses, what is the current operational status and charitable impact of the Narragansett Charitable Foundation?
The data suggests the foundation is largely dormant or operating with extremely limited activity, making its current charitable impact negligible despite holding assets.
Filing History
IRS 990 filing history for Narragansett Charitable Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Narragansett Charitable Foundation Inc's revenue has declined by 99.9%, moving from $52K to $50. Total assets decreased by 99.3% over the same period, from $251K to $2K. Total functional expenses fell by 100%, from $701K to $50. In its most recent filing year (2023), Narragansett Charitable Foundation Inc reported a surplus of $0, with revenue exceeding expenses. The organization holds $1 in liabilities against $2K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $2K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $50 | $50 | $2K | $1 | — | — |
| 2022 | $1 | $0 | $2K | $1 | — | View 990 |
| 2021 | $1 | $100 | $2K | $1 | — | View 990 |
| 2020 | $1 | $0 | $2K | $1 | — | — |
| 2019 | $1 | $116 | $2K | $1 | — | View 990 |
| 2015 | $46K | $46K | $30K | $1 | — | View 990 |
| 2014 | $45K | $119K | $31K | $1 | — | View 990 |
| 2013 | $48K | $85K | $105K | $1 | — | View 990 |
| 2012 | $49K | $158K | $142K | $1 | — | View 990 |
| 2011 | $52K | $701K | $251K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $50, expenses of $50, and assets of $2K (revenue +4900.0% year-over-year).
- 2022: Revenue of $1, expenses of $0, and assets of $2K (revenue +0.0% year-over-year).
- 2021: Revenue of $1, expenses of $100, and assets of $2K (revenue +0.0% year-over-year).
- 2020: Revenue of $1, expenses of $0, and assets of $2K (revenue +0.0% year-over-year).
- 2019: Revenue of $1, expenses of $116, and assets of $2K (revenue -100.0% year-over-year).
- 2015: Revenue of $46K, expenses of $46K, and assets of $30K (revenue +1.5% year-over-year).
- 2014: Revenue of $45K, expenses of $119K, and assets of $31K (revenue -7.0% year-over-year).
- 2013: Revenue of $48K, expenses of $85K, and assets of $105K (revenue -2.2% year-over-year).
- 2012: Revenue of $49K, expenses of $158K, and assets of $142K (revenue -5.1% year-over-year).
- 2011: Revenue of $52K, expenses of $701K, and assets of $251K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Narragansett Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Narragansett Charitable 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.