Raisefashion Inc
EIN: 852172543 · Woodbury, CT
Is Raisefashion Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Raisefashion Inc
Raisefashion Inc (EIN: 852172543) is a nonprofit organization based in Woodbury, CT. The organization reported total revenue of $765K and total assets of $218K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Raisefashion Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Raisefashion 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 Raisefashion 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.
Frequently Asked Questions about Raisefashion Inc
Is Raisefashion Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Raisefashion Inc (EIN: 852172543) insufficient data. 0 red flags identified, 0 strengths noted.
How does Raisefashion Inc spend its money?
Detailed spending breakdown data is not yet available for Raisefashion Inc. Check back for updated IRS 990 analysis.
Are donations to Raisefashion Inc tax-deductible?
Raisefashion Inc is registered as a tax-exempt nonprofit (EIN: 852172543). 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 Raisefashion Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Raisefashion Inc's revenue has grown by 15867.9%, moving from $2K to $308K. Total assets increased by 11930.6% over the same period, from $869 to $105K. Total functional expenses rose by 25113%, from $1K to $267K. In its most recent filing year (2023), Raisefashion Inc reported a surplus of $41K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $308K | $267K | $105K | $0 | — | — |
| 2022 | $56K | $61K | $64K | $0 | — | View 990 |
| 2021 | $163K | $95K | $69K | $0 | — | — |
| 2020 | $2K | $1K | $869 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $308K, expenses of $267K, and assets of $105K (revenue +449.1% year-over-year).
- 2022: Revenue of $56K, expenses of $61K, and assets of $64K (revenue -65.5% year-over-year).
- 2021: Revenue of $163K, expenses of $95K, and assets of $69K (revenue +8326.2% year-over-year).
- 2020: Revenue of $2K, expenses of $1K, and assets of $869.
Data Sources and Methodology
This transparency report for Raisefashion 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.