Rahabs Rope Inc
Rahabs Rope Inc maintains stable assets and reports no officer compensation, despite fluctuating revenues.
EIN: 203109098 · Gainesville, GA · NTEE: Q70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.1M |
| Program Spending | 90% |
| Net Assets | $911K |
| Transparency Score | 85/100 |
Is Rahabs Rope Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rahabs Rope Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rahabs Rope Inc
Rahabs Rope Inc (EIN: 203109098) is a nonprofit organization based in Gainesville, GA, classified under NTEE code Q70. The organization reported total revenue of $1.7M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rahabs Rope Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rahabs Rope Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $998K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-111,553 |
| Total Assets | $1.6M |
| Total Liabilities | $660K |
| Net Assets | $911K |
| Operating Margin | -11.2% |
| Debt-to-Asset Ratio | 42.0% |
| Months of Reserves | 17.0 months |
Financial Health Grade: B
In 2023, Rahabs Rope Inc reported a deficit of $112K with expenses exceeding revenue, holds 17.0 months of operating reserves (strong position), has a debt-to-asset ratio of 42.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Rahabs Rope Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.8% | +23.7% | -7.9% |
| 2022 | +83.7% | +20.4% | +10.6% |
| 2021 | -31.8% | +5.1% | +0.7% |
| 2020 | -8.5% | -18.8% | +15.6% |
| 2019 | +16.8% | +5.0% | +4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
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 Rahabs Rope Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Rahabs Rope Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $112K, with expenses exceeding revenue.
- Debt-to-asset ratio: 42.0%.
Executive Compensation Analysis
Rahabs Rope Inc consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through non-officer channels, which is highly favorable for resource allocation to mission-related activities.
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 Rahabs Rope Inc's IRS 990 filings:
- Expenses exceeded revenue in 2023 ($1,109,291 vs $997,738), leading to a deficit for the year.
- Significant revenue fluctuations year-over-year, which could indicate reliance on variable funding sources.
Strengths
The following positive indicators were identified for Rahabs Rope Inc:
- Consistent reporting of 0% officer compensation, indicating high efficiency in directing funds to programs.
- Steady growth in assets over the past decade, from $682,366 in 2014 to $1,570,879 in 2023.
- Assets consistently exceed liabilities, demonstrating strong financial stability.
- Maintained operations despite revenue fluctuations, showing resilience.
Frequently Asked Questions about Rahabs Rope Inc
Is Rahabs Rope Inc a legitimate charity?
Rahabs Rope Inc (EIN: 203109098) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.7M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Rahabs Rope Inc spend its money?
Rahabs Rope Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Rahabs Rope Inc tax-deductible?
Rahabs Rope Inc is registered as a tax-exempt nonprofit (EIN: 203109098). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Rahabs Rope Inc's spending goes to programs?
Rahabs Rope Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Rahabs Rope Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Rahabs Rope Inc is above average for NTEE category Q70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rahabs Rope Inc located?
Rahabs Rope Inc is headquartered in Gainesville, Georgia and files with the IRS under EIN 203109098. It is classified under NTEE code Q70.
How many years of IRS 990 filings does Rahabs Rope Inc have?
Rahabs Rope Inc 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 $1.7M in total revenue.
Is Rahabs Rope Inc a good charity?
Based on the available IRS 990 data, Rahabs Rope Inc appears to be a good charity. It demonstrates strong financial health with growing assets, and a notable commitment to directing funds towards its mission, evidenced by 0% officer compensation reported across all filings. This suggests high efficiency in resource allocation.
How has Rahabs Rope Inc's revenue trended over the past few years?
Rahabs Rope Inc's revenue has fluctuated over the past few years. It was $943,909 in 2019, dropped to $864,088 in 2020, then to $589,545 in 2021, before rebounding to $1,082,731 in 2022 and then slightly decreasing to $997,738 in 2023.
What is the organization's asset-to-liability ratio?
In 2023, Rahabs Rope Inc had assets of $1,570,879 and liabilities of $659,783, resulting in an asset-to-liability ratio of approximately 2.38:1, indicating a healthy financial cushion.
Filing History
IRS 990 filing history for Rahabs Rope Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rahabs Rope Inc's revenue has grown by 131%, moving from $432K to $998K. Total assets increased by 1518.6% over the same period, from $97K to $1.6M. Total functional expenses rose by 168.4%, from $413K to $1.1M. In its most recent filing year (2023), Rahabs Rope Inc reported a deficit of $112K, with expenses exceeding revenue. The organization holds $660K in liabilities against $1.6M in assets (debt-to-asset ratio: 42.0%), resulting in net assets of $911K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $998K | $1.1M | $1.6M | $660K | — | View 990 |
| 2022 | $1.1M | $897K | $1.7M | $683K | — | — |
| 2021 | $590K | $745K | $1.5M | $706K | — | View 990 |
| 2020 | $864K | $708K | $1.5M | $540K | — | View 990 |
| 2019 | $944K | $872K | $1.3M | $489K | — | View 990 |
| 2018 | $808K | $831K | $1.3M | $505K | — | View 990 |
| 2017 | $1.4M | $893K | $1.3M | $491K | — | View 990 |
| 2016 | $852K | $858K | $737K | $457K | — | View 990 |
| 2015 | $839K | $830K | $697K | $412K | — | View 990 |
| 2014 | $1.0M | $1.0M | $682K | $406K | — | View 990 |
| 2013 | $886K | $845K | $256K | $5K | — | View 990 |
| 2012 | $799K | $676K | $223K | $13K | — | View 990 |
| 2011 | $432K | $413K | $97K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $998K, expenses of $1.1M, and assets of $1.6M (revenue -7.8% year-over-year).
- 2022: Revenue of $1.1M, expenses of $897K, and assets of $1.7M (revenue +83.7% year-over-year).
- 2021: Revenue of $590K, expenses of $745K, and assets of $1.5M (revenue -31.8% year-over-year).
- 2020: Revenue of $864K, expenses of $708K, and assets of $1.5M (revenue -8.5% year-over-year).
- 2019: Revenue of $944K, expenses of $872K, and assets of $1.3M (revenue +16.8% year-over-year).
- 2018: Revenue of $808K, expenses of $831K, and assets of $1.3M (revenue -42.3% year-over-year).
- 2017: Revenue of $1.4M, expenses of $893K, and assets of $1.3M (revenue +64.4% year-over-year).
- 2016: Revenue of $852K, expenses of $858K, and assets of $737K (revenue +1.6% year-over-year).
- 2015: Revenue of $839K, expenses of $830K, and assets of $697K (revenue -18.6% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.0M, and assets of $682K (revenue +16.2% year-over-year).
- 2013: Revenue of $886K, expenses of $845K, and assets of $256K (revenue +10.9% year-over-year).
- 2012: Revenue of $799K, expenses of $676K, and assets of $223K (revenue +85.0% year-over-year).
- 2011: Revenue of $432K, expenses of $413K, and assets of $97K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rahabs Rope Inc:
Data Sources and Methodology
This transparency report for Rahabs Rope Inc 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.