R D La Penta Medical Scholarship Tr
EIN: 266218956 · Johnston, RI · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $511K |
| Net Assets | $7.3M |
Is R D La Penta Medical Scholarship Tr Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About R D La Penta Medical Scholarship Tr
R D La Penta Medical Scholarship Tr (EIN: 266218956) is a nonprofit organization based in Johnston, RI, classified under NTEE code T20. The organization reported total revenue of $2.0M and total assets of $7.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of R D La Penta Medical Scholarship Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
R D La Penta Medical Scholarship Tr is a mid-size nonprofit that has been operating for 17 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $673K |
| Total Expenses | $511K |
| Surplus / Deficit | +$162K |
| Total Assets | $7.3M |
| Total Liabilities | $1 |
| Net Assets | $7.3M |
| Operating Margin | 24.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 171.3 months |
Financial Health Grade: A
In 2023, R D La Penta Medical Scholarship Tr reported a surplus of $162K with revenue exceeding expenses, holds 171.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), R D La Penta Medical Scholarship Tr's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.3% | -19.0% | +2.5% |
| 2022 | +10.1% | +9.6% | +3.5% |
| 2021 | +153.2% | +4.4% | +3.3% |
| 2020 | -47.2% | +12.2% | -3.4% |
| 2019 | +16.9% | -2.5% | +4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for R D La Penta Medical Scholarship Tr has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates R D La Penta Medical Scholarship Tr with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $162K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about R D La Penta Medical Scholarship Tr
Is R D La Penta Medical Scholarship Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, R D La Penta Medical Scholarship Tr (EIN: 266218956) insufficient data. 0 red flags identified, 0 strengths noted.
How does R D La Penta Medical Scholarship Tr spend its money?
Detailed spending breakdown data is not yet available for R D La Penta Medical Scholarship Tr. Check back for updated IRS 990 analysis.
Are donations to R D La Penta Medical Scholarship Tr tax-deductible?
R D La Penta Medical Scholarship Tr is registered as a tax-exempt nonprofit (EIN: 266218956). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is R D La Penta Medical Scholarship Tr located?
R D La Penta Medical Scholarship Tr is headquartered in Johnston, Rhode Island and files with the IRS under EIN 266218956. It is classified under NTEE code T20.
How many years of IRS 990 filings does R D La Penta Medical Scholarship Tr have?
R D La Penta Medical Scholarship Tr 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 $2.0M in total revenue.
Filing History
IRS 990 filing history for R D La Penta Medical Scholarship Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), R D La Penta Medical Scholarship Tr's revenue has grown by 77.3%, moving from $380K to $673K. Total assets increased by 20.4% over the same period, from $6.1M to $7.3M. Total functional expenses rose by 44.9%, from $353K to $511K. In its most recent filing year (2023), R D La Penta Medical Scholarship Tr reported a surplus of $162K, with revenue exceeding expenses. The organization holds $1 in liabilities against $7.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $673K | $511K | $7.3M | $1 | — | View 990 |
| 2022 | $866K | $631K | $7.1M | $1 | — | View 990 |
| 2021 | $786K | $576K | $6.9M | $1 | — | — |
| 2020 | $310K | $551K | $6.7M | $1 | — | — |
| 2019 | $588K | $491K | $6.9M | $1 | — | — |
| 2015 | $503K | $504K | $6.6M | $0 | — | View 990 |
| 2014 | $886K | $498K | $6.6M | $0 | — | View 990 |
| 2013 | $722K | $496K | $6.2M | $0 | — | View 990 |
| 2012 | $298K | $384K | $6.0M | $0 | — | View 990 |
| 2011 | $380K | $353K | $6.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $673K, expenses of $511K, and assets of $7.3M (revenue -22.3% year-over-year).
- 2022: Revenue of $866K, expenses of $631K, and assets of $7.1M (revenue +10.1% year-over-year).
- 2021: Revenue of $786K, expenses of $576K, and assets of $6.9M (revenue +153.2% year-over-year).
- 2020: Revenue of $310K, expenses of $551K, and assets of $6.7M (revenue -47.2% year-over-year).
- 2019: Revenue of $588K, expenses of $491K, and assets of $6.9M (revenue +16.9% year-over-year).
- 2015: Revenue of $503K, expenses of $504K, and assets of $6.6M (revenue -43.2% year-over-year).
- 2014: Revenue of $886K, expenses of $498K, and assets of $6.6M (revenue +22.7% year-over-year).
- 2013: Revenue of $722K, expenses of $496K, and assets of $6.2M (revenue +142.5% year-over-year).
- 2012: Revenue of $298K, expenses of $384K, and assets of $6.0M (revenue -21.6% year-over-year).
- 2011: Revenue of $380K, expenses of $353K, and assets of $6.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for R D La Penta Medical Scholarship Tr:
Data Sources and Methodology
This transparency report for R D La Penta Medical Scholarship Tr 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.