Newport Rotary Charitable Foundation
Newport Rotary Charitable Foundation: Consistent Asset Growth, Minimal Program Spending
EIN: 223025342 · Newport, RI · NTEE: T11 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $19K |
| Total Expenses | $13K |
| Net Assets | $384K |
| Transparency Score | 45/100 |
Is Newport Rotary Charitable Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Newport Rotary Charitable Foundation
Newport Rotary Charitable Foundation (EIN: 223025342) is a nonprofit organization based in Newport, RI, classified under NTEE code T11. The organization reported total revenue of $19K and total assets of $391K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Newport Rotary Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Newport Rotary Charitable Foundation is a micro nonprofit that has been operating for 36 years, with 12 years of IRS 990 filings on record (2012–2024).
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $51K |
| Total Expenses | $13K |
| Surplus / Deficit | +$38K |
| Total Assets | $384K |
| Net Assets | $384K |
| Operating Margin | 74.8% |
| Months of Reserves | 358.3 months |
Financial Health Grade: A
In 2024, Newport Rotary Charitable Foundation reported a surplus of $38K with revenue exceeding expenses, holds 358.3 months of operating reserves (strong position).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +2448.9% | -25.4% | +5.0% |
| 2022 | -98.2% | +175.5% | +25.9% |
| 2020 | -189.3% | +27.6% | -7.4% |
| 2019 | -56.5% | +29.1% | +0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Newport Rotary Charitable Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Newport Rotary Charitable Foundation allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $38K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, as all expenses are categorized as administrative and no specific salaries are detailed.
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 Newport Rotary Charitable Foundation's IRS 990 filings:
- Zero reported program service expenses across all available years (2016-2024) raises significant concerns about direct charitable impact.
- All reported expenses are categorized as administrative, suggesting the foundation primarily manages assets rather than funding programs.
- Despite significant assets (e.g., $391,388 in 2024), no direct charitable activities are evident from the spending breakdown.
Strengths
The following positive indicators were identified for Newport Rotary Charitable Foundation:
- The foundation has consistently grown its assets over the years, from $266,793 in 2017 to $391,388 in 2024.
- Consistent financial reporting is available for multiple years, providing a clear historical financial overview.
- The organization maintains a substantial asset base, indicating financial stability.
Frequently Asked Questions about Newport Rotary Charitable Foundation
Is Newport Rotary Charitable Foundation a legitimate charity?
Newport Rotary Charitable Foundation (EIN: 223025342) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 45/100. It has 12 years of IRS 990 filings on record. Total revenue: $19K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Newport Rotary Charitable Foundation spend its money?
Newport Rotary Charitable Foundation reported $19K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Newport Rotary Charitable Foundation tax-deductible?
Newport Rotary Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 223025342). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Newport Rotary Charitable Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Newport Rotary Charitable Foundation is near average for NTEE category T11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Newport Rotary Charitable Foundation located?
Newport Rotary Charitable Foundation is headquartered in Newport, Rhode Island and files with the IRS under EIN 223025342. It is classified under NTEE code T11.
How many years of IRS 990 filings does Newport Rotary Charitable Foundation have?
Newport Rotary Charitable Foundation has 12 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 $19K in total revenue.
What does Newport Rotary Charitable Foundation do?
Newport Rotary Charitable Foundation is a nonprofit organization in the Philanthropy, Voluntarism & Grantmaking sector, located in Newport, Rhode Island. It is classified under NTEE code T11.
How much revenue does Newport Rotary Charitable Foundation have?
Newport Rotary Charitable Foundation reported total revenue of $19,391. Based on 12 IRS 990 filings on record.
What are Newport Rotary Charitable Foundation's total assets?
Newport Rotary Charitable Foundation holds total assets of $391,388 as reported in IRS 990 filings.
Where is Newport Rotary Charitable Foundation located?
Newport Rotary Charitable Foundation is based in Newport, Rhode Island.
What is Newport Rotary Charitable Foundation's EIN?
Newport Rotary Charitable Foundation's Employer Identification Number (EIN) is 223025342. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Newport Rotary Charitable Foundation?
Newport Rotary Charitable Foundation is classified under NTEE code T11 (Philanthropy, Voluntarism & Grantmaking).
Is Newport Rotary Charitable Foundation a registered 501(c)(3)?
Yes, Newport Rotary Charitable Foundation is recognized as a tax-exempt organization by the IRS. EIN: 223025342.
Does Newport Rotary Charitable Foundation file IRS Form 990?
Yes, Newport Rotary Charitable Foundation has 12 IRS Form 990 filings on record. The most recent covers tax period 202404.
What was Newport Rotary Charitable Foundation's revenue in 2024?
In the 202404 filing period, Newport Rotary Charitable Foundation reported total revenue of $50,979, total expenses of $12,850, and net assets of $383,712.
Is Newport Rotary Charitable Foundation's revenue growing or declining?
Newport Rotary Charitable Foundation's revenue is growing. Revenue went from $2,000 (202204) to $50,979 (202404), a +2448.9% change. Based on 12 filings on record.
What is Newport Rotary Charitable Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Newport Rotary Charitable Foundation covers tax period 202404. It shows revenue of $50,979, expenses of $12,850, total assets of $383,712, and liabilities of N/A.
Is Newport Rotary Charitable Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Newport Rotary Charitable Foundation shows mixed signals. Mission Score: 45/100 (Fair). 3 red flags identified. 3 strengths noted.
What are the red flags for Newport Rotary Charitable Foundation?
The following concerns were identified: Zero reported program service expenses across all available years (2016-2024) raises significant concerns about direct charitable impact.. All reported expenses are categorized as administrative, suggesting the foundation primarily manages assets rather than funding programs.. Despite significant assets (e.g., $391,388 in 2024), no direct charitable activities are evident from the spending breakdown.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Newport Rotary Charitable Foundation's strengths?
Positive indicators for Newport Rotary Charitable Foundation include: The foundation has consistently grown its assets over the years, from $266,793 in 2017 to $391,388 in 2024.. Consistent financial reporting is available for multiple years, providing a clear historical financial overview.. The organization maintains a substantial asset base, indicating financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Newport Rotary Charitable Foundation compensate executives?
Executive compensation is not reported in the provided data, as all expenses are categorized as administrative and no specific salaries are detailed. 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, what is the actual charitable mechanism or purpose of the Newport Rotary Charitable Foundation?
Based on the provided data, the foundation appears to function primarily as an asset holding and management entity, with no direct program spending reported. Its charitable purpose, if any, is not reflected in its expense breakdown.
How does the foundation justify its 'charitable' designation when all expenses are administrative and no funds are directly allocated to programs?
The data indicates that all expenses are administrative, with no direct program spending. This raises questions about how the foundation fulfills its charitable mission, as its financial filings do not show direct charitable activities.
Filing History
IRS 990 filing history for Newport Rotary Charitable Foundation showing financial trends over 12 years of public records:
Total assets increased by 56.8% over the same period, from $245K to $384K. Total functional expenses rose by 83.6%, from $7K to $13K. In its most recent filing year (2024), Newport Rotary Charitable Foundation reported a surplus of $38K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $51K | $13K | $384K | $0 | — | — |
| 2022 | $2K | $17K | $365K | $0 | — | View 990 |
| 2021 | $112K | $6K | $290K | $0 | — | — |
| 2020 | $-10,081 | $13K | $284K | $0 | — | View 990 |
| 2019 | $11K | $10K | $307K | $0 | — | View 990 |
| 2018 | $26K | $8K | $305K | $0 | — | View 990 |
| 2017 | $32K | $9K | $267K | $0 | — | View 990 |
| 2016 | $-14,728 | $15K | $294K | $0 | — | View 990 |
| 2015 | $15K | $10K | $294K | $0 | — | View 990 |
| 2014 | $30K | $4K | $288K | $0 | — | — |
| 2013 | $25K | $7K | $262K | $0 | — | View 990 |
| 2012 | $-3,079 | $7K | $245K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $51K, expenses of $13K, and assets of $384K (revenue +2448.9% year-over-year).
- 2022: Revenue of $2K, expenses of $17K, and assets of $365K (revenue -98.2% year-over-year).
- 2021: Revenue of $112K, expenses of $6K, and assets of $290K.
- 2020: Revenue of $-10,081, expenses of $13K, and assets of $284K (revenue -189.3% year-over-year).
- 2019: Revenue of $11K, expenses of $10K, and assets of $307K (revenue -56.5% year-over-year).
- 2018: Revenue of $26K, expenses of $8K, and assets of $305K (revenue -17.9% year-over-year).
- 2017: Revenue of $32K, expenses of $9K, and assets of $267K.
- 2016: Revenue of $-14,728, expenses of $15K, and assets of $294K (revenue -195.4% year-over-year).
- 2015: Revenue of $15K, expenses of $10K, and assets of $294K (revenue -47.9% year-over-year).
- 2014: Revenue of $30K, expenses of $4K, and assets of $288K (revenue +20.5% year-over-year).
- 2013: Revenue of $25K, expenses of $7K, and assets of $262K.
- 2012: Revenue of $-3,079, expenses of $7K, and assets of $245K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Newport Rotary Charitable Foundation:
Data Sources and Methodology
This transparency report for Newport Rotary Charitable 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.