R I Hospitality Education Foundation
EIN: 50479089 · Cranston, RI · NTEE: J22
| Metric | Value |
|---|---|
| Total Revenue | $166K |
| Total Expenses | $249K |
| Net Assets | $159K |
Is R I Hospitality Education Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About R I Hospitality Education Foundation
R I Hospitality Education Foundation (EIN: 50479089) is a nonprofit organization based in Cranston, RI, classified under NTEE code J22. The organization reported total revenue of $166K and total assets of $429K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of R I Hospitality Education Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
R I Hospitality Education Foundation is a small nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $220K |
| Total Expenses | $249K |
| Surplus / Deficit | $-29,182 |
| Total Assets | $488K |
| Total Liabilities | $329K |
| Net Assets | $159K |
| Operating Margin | -13.3% |
| Debt-to-Asset Ratio | 67.3% |
| Months of Reserves | 23.5 months |
Financial Health Grade: C
In 2023, R I Hospitality Education Foundation reported a deficit of $29K with expenses exceeding revenue, holds 23.5 months of operating reserves (strong position), has a debt-to-asset ratio of 67.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), R I Hospitality Education Foundation's revenue has declined at a compound annual growth rate (CAGR) of -2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.5% | +79.9% | -17.6% |
| 2022 | +36.2% | +35.4% | +62.5% |
| 2021 | -80.8% | -82.5% | +30.4% |
| 2020 | +464.9% | +452.5% | +107.8% |
| 2019 | -16.0% | -6.6% | +13.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for R I Hospitality Education Foundation 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 I Hospitality Education Foundation 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 deficit of $29K, with expenses exceeding revenue.
- Debt-to-asset ratio: 67.3%.
Frequently Asked Questions about R I Hospitality Education Foundation
Is R I Hospitality Education Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, R I Hospitality Education Foundation (EIN: 50479089) insufficient data. 0 red flags identified, 0 strengths noted.
How does R I Hospitality Education Foundation spend its money?
Detailed spending breakdown data is not yet available for R I Hospitality Education Foundation. Check back for updated IRS 990 analysis.
Are donations to R I Hospitality Education Foundation tax-deductible?
R I Hospitality Education Foundation is registered as a tax-exempt nonprofit (EIN: 50479089). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is R I Hospitality Education Foundation located?
R I Hospitality Education Foundation is headquartered in Cranston, Rhode Island and files with the IRS under EIN 50479089. It is classified under NTEE code J22.
How many years of IRS 990 filings does R I Hospitality Education Foundation have?
R I Hospitality Education Foundation has 13 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 $166K in total revenue.
Filing History
IRS 990 filing history for R I Hospitality Education Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), R I Hospitality Education Foundation's revenue has declined by 26.9%, moving from $300K to $220K. Total assets increased by 110.9% over the same period, from $231K to $488K. Total functional expenses fell by 13%, from $286K to $249K. In its most recent filing year (2023), R I Hospitality Education Foundation reported a deficit of $29K, with expenses exceeding revenue. The organization holds $329K in liabilities against $488K in assets (debt-to-asset ratio: 67.3%), resulting in net assets of $159K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $220K | $249K | $488K | $329K | — | — |
| 2022 | $157K | $138K | $592K | $418K | — | View 990 |
| 2021 | $116K | $102K | $364K | $201K | — | View 990 |
| 2020 | $603K | $583K | $279K | $138K | — | View 990 |
| 2019 | $107K | $105K | $134K | $17K | — | View 990 |
| 2018 | $127K | $113K | $118K | $11K | — | View 990 |
| 2017 | $190K | $217K | $120K | $15K | — | View 990 |
| 2016 | $267K | $340K | $156K | $31K | — | View 990 |
| 2015 | $357K | $370K | $236K | $37K | — | View 990 |
| 2014 | $430K | $389K | $239K | $20K | — | View 990 |
| 2013 | $271K | $335K | $202K | $25K | — | View 990 |
| 2012 | $368K | $350K | $284K | $47K | — | View 990 |
| 2011 | $300K | $286K | $231K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $220K, expenses of $249K, and assets of $488K (revenue +39.5% year-over-year).
- 2022: Revenue of $157K, expenses of $138K, and assets of $592K (revenue +36.2% year-over-year).
- 2021: Revenue of $116K, expenses of $102K, and assets of $364K (revenue -80.8% year-over-year).
- 2020: Revenue of $603K, expenses of $583K, and assets of $279K (revenue +464.9% year-over-year).
- 2019: Revenue of $107K, expenses of $105K, and assets of $134K (revenue -16.0% year-over-year).
- 2018: Revenue of $127K, expenses of $113K, and assets of $118K (revenue -33.3% year-over-year).
- 2017: Revenue of $190K, expenses of $217K, and assets of $120K (revenue -28.6% year-over-year).
- 2016: Revenue of $267K, expenses of $340K, and assets of $156K (revenue -25.3% year-over-year).
- 2015: Revenue of $357K, expenses of $370K, and assets of $236K (revenue -16.9% year-over-year).
- 2014: Revenue of $430K, expenses of $389K, and assets of $239K (revenue +58.8% year-over-year).
- 2013: Revenue of $271K, expenses of $335K, and assets of $202K (revenue -26.4% year-over-year).
- 2012: Revenue of $368K, expenses of $350K, and assets of $284K (revenue +22.5% year-over-year).
- 2011: Revenue of $300K, expenses of $286K, and assets of $231K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for R I Hospitality Education Foundation:
Data Sources and Methodology
This transparency report for R I Hospitality Education 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.