Oscar Rixson Foundation
Oscar Rixson Foundation consistently operates at a deficit, drawing on substantial assets to cover expenses.
EIN: 136129767 · Asheville, NC · Updated: 2026-03-28
Is Oscar Rixson Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Oscar Rixson Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Oscar Rixson Foundation
Oscar Rixson Foundation (EIN: 136129767) is a nonprofit organization based in Asheville, NC. The organization reported total revenue of $1.7M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Oscar Rixson Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Oscar Rixson Foundation is a mid-size nonprofit that has been operating for 99 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $195K |
| Total Expenses | $239K |
| Surplus / Deficit | $-43,632 |
| Total Assets | $2.2M |
| Total Liabilities | $1K |
| Net Assets | $2.2M |
| Operating Margin | -22.4% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 111.4 months |
Financial Health Grade: B
In 2023, Oscar Rixson Foundation reported a deficit of $44K with expenses exceeding revenue, holds 111.4 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), Oscar Rixson Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.7% | -43.1% | -1.8% |
| 2022 | -16.3% | +9.2% | -8.8% |
| 2021 | +16.9% | +52.1% | -5.3% |
| 2020 | -29.0% | -12.8% | -1.8% |
| 2019 | -20.0% | -14.3% | -2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1927 |
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 Oscar Rixson Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Oscar Rixson Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 deficit of $44K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The Oscar Rixson Foundation reports 0% officer compensation across all available filings, suggesting either an all-volunteer leadership or that compensation is covered by other means not categorized as officer compensation. This indicates a very lean approach to executive salaries relative to its asset base of over $2 million.
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 Oscar Rixson Foundation's IRS 990 filings:
- Consistent operational deficits across all reported periods (e.g., $43,632 deficit in 2023, $222,756 deficit in 2022).
- Declining asset base over recent years (e.g., from $2,724,829 in 2015 to $2,216,456 in 2023), indicating reliance on principal to cover expenses.
Strengths
The following positive indicators were identified for Oscar Rixson Foundation:
- Substantial asset base ($2,216,456 in 2023) providing financial stability despite deficits.
- Extremely low liabilities ($1,148 in 2023), indicating strong financial health in terms of debt.
- No reported officer compensation, suggesting efficient use of funds by minimizing executive overhead.
Frequently Asked Questions about Oscar Rixson Foundation
Is Oscar Rixson Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Oscar Rixson Foundation (EIN: 136129767) some concerns. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
How does Oscar Rixson Foundation spend its money?
Oscar Rixson Foundation directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Oscar Rixson Foundation tax-deductible?
Oscar Rixson Foundation is registered as a tax-exempt nonprofit (EIN: 136129767). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Oscar Rixson Foundation cover its consistent operational deficits?
The foundation appears to cover its operational deficits by drawing down on its substantial asset base. For example, in 2023, expenses of $238,654 exceeded revenue of $195,022, leading to a reduction in assets from $2,255,984 in 2022 to $2,216,456 in 2023.
What is the long-term sustainability of the foundation's financial model given its deficits?
While the foundation has a significant asset base ($2,216,456 in 2023), consistent operational deficits, such as the $43,632 deficit in 2023, will gradually erode these assets if not addressed through increased revenue or reduced expenses. This model is not sustainable indefinitely without changes.
Why is there no officer compensation reported?
The consistent reporting of 0% officer compensation across all filings suggests that the foundation's officers may be uncompensated volunteers, or their compensation is categorized differently within the IRS 990, which is not detailed in the provided summary data.
Filing History
IRS 990 filing history for Oscar Rixson Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Oscar Rixson Foundation's revenue has declined by 19.4%, moving from $242K to $195K. Total assets decreased by 9.1% over the same period, from $2.4M to $2.2M. Total functional expenses fell by 12.3%, from $272K to $239K. In its most recent filing year (2023), Oscar Rixson Foundation reported a deficit of $44K, with expenses exceeding revenue. The organization holds $1K in liabilities against $2.2M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $195K | $239K | $2.2M | $1K | — | — |
| 2022 | $196K | $419K | $2.3M | $1K | — | View 990 |
| 2021 | $235K | $384K | $2.5M | $1K | — | View 990 |
| 2020 | $201K | $252K | $2.6M | $1K | — | — |
| 2019 | $283K | $289K | $2.7M | $993 | — | View 990 |
| 2015 | $353K | $337K | $2.7M | $0 | — | View 990 |
| 2014 | $433K | $363K | $2.7M | $0 | — | View 990 |
| 2013 | $470K | $302K | $2.6M | $499 | — | View 990 |
| 2012 | $315K | $285K | $2.5M | $499 | — | View 990 |
| 2011 | $242K | $272K | $2.4M | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $195K, expenses of $239K, and assets of $2.2M (revenue -0.7% year-over-year).
- 2022: Revenue of $196K, expenses of $419K, and assets of $2.3M (revenue -16.3% year-over-year).
- 2021: Revenue of $235K, expenses of $384K, and assets of $2.5M (revenue +16.9% year-over-year).
- 2020: Revenue of $201K, expenses of $252K, and assets of $2.6M (revenue -29.0% year-over-year).
- 2019: Revenue of $283K, expenses of $289K, and assets of $2.7M (revenue -20.0% year-over-year).
- 2015: Revenue of $353K, expenses of $337K, and assets of $2.7M (revenue -18.5% year-over-year).
- 2014: Revenue of $433K, expenses of $363K, and assets of $2.7M (revenue -7.9% year-over-year).
- 2013: Revenue of $470K, expenses of $302K, and assets of $2.6M (revenue +49.3% year-over-year).
- 2012: Revenue of $315K, expenses of $285K, and assets of $2.5M (revenue +30.2% year-over-year).
- 2011: Revenue of $242K, expenses of $272K, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Oscar Rixson Foundation:
Data Sources and Methodology
This transparency report for Oscar Rixson 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.