Rails Foundation
EIN: 882382127 · Wilmington, DE · NTEE: Y03
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $1.1M |
| Net Assets | $435K |
Is Rails Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Rails Foundation
Rails Foundation (EIN: 882382127) is a nonprofit organization based in Wilmington, DE, classified under NTEE code Y03. The organization reported total revenue of $1.6M and total assets of $488K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rails Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rails Foundation is a mid-size nonprofit that has been operating for 3 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -28.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $645K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-434,637 |
| Total Assets | $560K |
| Total Liabilities | $125K |
| Net Assets | $435K |
| Operating Margin | -67.4% |
| Debt-to-Asset Ratio | 22.4% |
| Months of Reserves | 6.2 months |
Financial Health Grade: B
In 2023, Rails Foundation reported a deficit of $435K with expenses exceeding revenue, holds 6.2 months of operating reserves (strong position), has a debt-to-asset ratio of 22.4% (moderate leverage).
Financial Trends
Over 2 years of filings (2022–2023), Rails Foundation's revenue has declined at a compound annual growth rate (CAGR) of -28.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.3% | +3414.2% | -37.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rails 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 Rails 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 $435K, with expenses exceeding revenue.
- Debt-to-asset ratio: 22.4%.
Frequently Asked Questions about Rails Foundation
Is Rails Foundation a legitimate charity?
Rails Foundation (EIN: 882382127) is a registered tax-exempt nonprofit based in Delaware. It has 2 years of IRS 990 filings on record. Total revenue: $1.6M. No red flags identified. Financial health grade: B.
How does Rails Foundation spend its money?
Rails Foundation reported $1.6M in total revenue in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Rails Foundation tax-deductible?
Rails Foundation is registered as a tax-exempt nonprofit (EIN: 882382127). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rails Foundation located?
Rails Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 882382127. It is classified under NTEE code Y03.
How many years of IRS 990 filings does Rails Foundation have?
Rails Foundation has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $1.6M in total revenue.
Filing History
IRS 990 filing history for Rails Foundation showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Rails Foundation's revenue has declined by 28.3%, moving from $900K to $645K. Total assets decreased by 37.4% over the same period, from $894K to $560K. Total functional expenses rose by 3414.2%, from $31K to $1.1M. In its most recent filing year (2023), Rails Foundation reported a deficit of $435K, with expenses exceeding revenue. The organization holds $125K in liabilities against $560K in assets (debt-to-asset ratio: 22.4%), resulting in net assets of $435K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $645K | $1.1M | $560K | $125K | — | View 990 |
| 2022 | $900K | $31K | $894K | $25K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rails Foundation:
Data Sources and Methodology
This transparency report for Rails 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.