R3 Development Nfp
EIN: 473017705 · East St Louis, IL · NTEE: L20
Is R3 Development Nfp Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About R3 Development Nfp
R3 Development Nfp (EIN: 473017705) is a nonprofit organization based in East St Louis, IL, classified under NTEE code L20. The organization reported total revenue of $671K and total assets of $560K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of R3 Development Nfp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
R3 Development Nfp is a small nonprofit that has been operating for 11 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 19.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $679K |
| Total Expenses | $601K |
| Surplus / Deficit | +$78K |
| Total Assets | $487K |
| Total Liabilities | $113K |
| Net Assets | $375K |
| Operating Margin | 11.5% |
| Debt-to-Asset Ratio | 23.1% |
| Months of Reserves | 9.7 months |
Financial Health Grade: A
In 2023, R3 Development Nfp reported a surplus of $78K with revenue exceeding expenses, holds 9.7 months of operating reserves (strong position), has a debt-to-asset ratio of 23.1% (moderate leverage).
Financial Trends
Over 9 years of filings (2015–2023), R3 Development Nfp's revenue has grown at a compound annual growth rate (CAGR) of 19.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +49.3% | +32.4% | +26.1% |
| 2022 | +8.5% | +16.1% | -6.7% |
| 2021 | +33.4% | +14.6% | -0.9% |
| 2020 | +3.7% | +18.1% | -28.6% |
| 2019 | -35.8% | -29.9% | +118.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for R3 Development Nfp 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 R3 Development Nfp 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 $78K, with revenue exceeding expenses.
- Debt-to-asset ratio: 23.1%.
Frequently Asked Questions about R3 Development Nfp
Is R3 Development Nfp a legitimate charity?
Based on AI analysis of IRS 990 filings, R3 Development Nfp (EIN: 473017705) insufficient data. 0 red flags identified, 0 strengths noted.
How does R3 Development Nfp spend its money?
Detailed spending breakdown data is not yet available for R3 Development Nfp. Check back for updated IRS 990 analysis.
Are donations to R3 Development Nfp tax-deductible?
R3 Development Nfp is registered as a tax-exempt nonprofit (EIN: 473017705). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for R3 Development Nfp showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), R3 Development Nfp's revenue has grown by 326.7%, moving from $159K to $679K. Total assets increased by 213.2% over the same period, from $156K to $487K. Total functional expenses rose by 2942.1%, from $20K to $601K. In its most recent filing year (2023), R3 Development Nfp reported a surplus of $78K, with revenue exceeding expenses. The organization holds $113K in liabilities against $487K in assets (debt-to-asset ratio: 23.1%), resulting in net assets of $375K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $679K | $601K | $487K | $113K | — | View 990 |
| 2022 | $455K | $454K | $386K | $90K | — | View 990 |
| 2021 | $419K | $391K | $414K | $119K | — | View 990 |
| 2020 | $314K | $341K | $418K | $193K | — | View 990 |
| 2019 | $303K | $289K | $586K | $334K | — | View 990 |
| 2018 | $473K | $412K | $268K | $30K | — | View 990 |
| 2017 | $323K | $412K | $150K | $1K | — | View 990 |
| 2016 | $229K | $189K | $185K | $5K | — | View 990 |
| 2015 | $159K | $20K | $156K | $16K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $679K, expenses of $601K, and assets of $487K (revenue +49.3% year-over-year).
- 2022: Revenue of $455K, expenses of $454K, and assets of $386K (revenue +8.5% year-over-year).
- 2021: Revenue of $419K, expenses of $391K, and assets of $414K (revenue +33.4% year-over-year).
- 2020: Revenue of $314K, expenses of $341K, and assets of $418K (revenue +3.7% year-over-year).
- 2019: Revenue of $303K, expenses of $289K, and assets of $586K (revenue -35.8% year-over-year).
- 2018: Revenue of $473K, expenses of $412K, and assets of $268K (revenue +46.3% year-over-year).
- 2017: Revenue of $323K, expenses of $412K, and assets of $150K (revenue +40.8% year-over-year).
- 2016: Revenue of $229K, expenses of $189K, and assets of $185K (revenue +44.1% year-over-year).
- 2015: Revenue of $159K, expenses of $20K, and assets of $156K.
Data Sources and Methodology
This transparency report for R3 Development Nfp 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.