Rainess Schwab Velazquez Foundation Inc
EIN: 223694790 · Warren, RI
| Metric | Value |
|---|---|
| Total Revenue | $2K |
| Total Expenses | $2K |
| Net Assets | $12K |
Is Rainess Schwab Velazquez Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Rainess Schwab Velazquez Foundation Inc
Rainess Schwab Velazquez Foundation Inc (EIN: 223694790) is a nonprofit organization based in Warren, RI. The organization reported total revenue of $2K and total assets of $11K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rainess Schwab Velazquez Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rainess Schwab Velazquez Foundation Inc is a micro nonprofit, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -34.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16 |
| Total Expenses | $2K |
| Surplus / Deficit | $-2,344 |
| Total Assets | $12K |
| Total Liabilities | $1 |
| Net Assets | $12K |
| Operating Margin | -14650.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 61.8 months |
Financial Health Grade: B
In 2023, Rainess Schwab Velazquez Foundation Inc reported a deficit of $2K with expenses exceeding revenue, holds 61.8 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), Rainess Schwab Velazquez Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -34.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -94.7% | +424.4% | -19.4% |
| 2022 | +4.5% | -85.9% | -1.4% |
| 2021 | -48.1% | -4.9% | -4.6% |
| 2020 | -17.6% | -6.9% | -23.6% |
| 2019 | -85.4% | -3.8% | -19.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rainess Schwab Velazquez Foundation Inc 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 Rainess Schwab Velazquez Foundation Inc 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 $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Rainess Schwab Velazquez Foundation Inc
Is Rainess Schwab Velazquez Foundation Inc a legitimate charity?
Rainess Schwab Velazquez Foundation Inc (EIN: 223694790) is a registered tax-exempt nonprofit based in Rhode Island. It has 10 years of IRS 990 filings on record. Total revenue: $2K. No red flags identified. Financial health grade: B.
How does Rainess Schwab Velazquez Foundation Inc spend its money?
Rainess Schwab Velazquez Foundation Inc reported $2K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Rainess Schwab Velazquez Foundation Inc tax-deductible?
Rainess Schwab Velazquez Foundation Inc is registered as a tax-exempt nonprofit (EIN: 223694790). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rainess Schwab Velazquez Foundation Inc located?
Rainess Schwab Velazquez Foundation Inc is headquartered in Warren, Rhode Island and files with the IRS under EIN 223694790.
How many years of IRS 990 filings does Rainess Schwab Velazquez Foundation Inc have?
Rainess Schwab Velazquez Foundation Inc 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 $2K in total revenue.
Filing History
IRS 990 filing history for Rainess Schwab Velazquez Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Rainess Schwab Velazquez Foundation Inc's revenue has declined by 99.3%, moving from $2K to $16. Total assets decreased by 81.2% over the same period, from $65K to $12K. Total functional expenses fell by 37.5%, from $4K to $2K. In its most recent filing year (2023), Rainess Schwab Velazquez Foundation Inc reported a deficit of $2K, with expenses exceeding revenue. The organization holds $1 in liabilities against $12K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $12K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16 | $2K | $12K | $1 | — | — |
| 2022 | $303 | $450 | $15K | $1 | — | View 990 |
| 2021 | $290 | $3K | $15K | $1 | — | — |
| 2020 | $559 | $3K | $16K | $1 | — | View 990 |
| 2019 | $678 | $4K | $21K | $1 | — | View 990 |
| 2015 | $5K | $4K | $26K | $1 | — | View 990 |
| 2014 | $855 | $5K | $42K | $1 | — | View 990 |
| 2013 | $3K | $5K | $46K | $1 | — | View 990 |
| 2012 | $-11,305 | $5K | $48K | $1 | — | View 990 |
| 2011 | $2K | $4K | $65K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16, expenses of $2K, and assets of $12K (revenue -94.7% year-over-year).
- 2022: Revenue of $303, expenses of $450, and assets of $15K (revenue +4.5% year-over-year).
- 2021: Revenue of $290, expenses of $3K, and assets of $15K (revenue -48.1% year-over-year).
- 2020: Revenue of $559, expenses of $3K, and assets of $16K (revenue -17.6% year-over-year).
- 2019: Revenue of $678, expenses of $4K, and assets of $21K (revenue -85.4% year-over-year).
- 2015: Revenue of $5K, expenses of $4K, and assets of $26K (revenue +444.3% year-over-year).
- 2014: Revenue of $855, expenses of $5K, and assets of $42K (revenue -73.0% year-over-year).
- 2013: Revenue of $3K, expenses of $5K, and assets of $46K.
- 2012: Revenue of $-11,305, expenses of $5K, and assets of $48K (revenue -581.5% year-over-year).
- 2011: Revenue of $2K, expenses of $4K, and assets of $65K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rainess Schwab Velazquez Foundation Inc:
Data Sources and Methodology
This transparency report for Rainess Schwab Velazquez Foundation 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.