Ralph L Rossi And June M Rossi Charitable Foundation Inc
Ralph L Rossi And June M Rossi Charitable Foundation Inc - Transparent Spending and Strong Mission Focus
EIN: 223186862 · Wallingford, CT · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $248K |
| Total Expenses | $79K |
| Program Spending | 65% |
| Net Assets | $367K |
| Transparency Score | 85/100 |
Is Ralph L Rossi And June M Rossi Charitable Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ralph L Rossi And June M Rossi Charitable Foundation Inc directs 65% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Ralph L Rossi And June M Rossi Charitable Foundation Inc
Ralph L Rossi And June M Rossi Charitable Foundation Inc (EIN: 223186862) is a nonprofit organization based in Wallingford, CT. The organization reported total revenue of $248K and total assets of $318K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ralph L Rossi And June M Rossi Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ralph L Rossi And June M Rossi Charitable Foundation Inc is a small nonprofit that has been operating for 34 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $18K |
| Total Expenses | $79K |
| Surplus / Deficit | $-60,584 |
| Total Assets | $367K |
| Total Liabilities | $1 |
| Net Assets | $367K |
| Operating Margin | -330.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 55.8 months |
Financial Health Grade: B
In 2023, Ralph L Rossi And June M Rossi Charitable Foundation Inc reported a deficit of $61K with expenses exceeding revenue, holds 55.8 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), Ralph L Rossi And June M Rossi Charitable Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -100.9% | -3.5% | -16.2% |
| 2021 | +253.3% | +2.3% | +7.0% |
| 2020 | +81.9% | -2.7% | -9.3% |
| 2019 | -57.5% | -14.7% | -23.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Ralph L Rossi And June M Rossi Charitable Foundation 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: 20%
- programs: 65%
- fundraising: 15%
According to IRS 990 filings, Ralph L Rossi And June M Rossi Charitable Foundation Inc allocates its expenses as follows: admin: 20%, programs: 65%, fundraising: 15%. Approximately 65% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $61K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation remains at a modest level, with no significant changes over the past years.
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 Ralph L Rossi And June M Rossi Charitable Foundation Inc's IRS 990 filings:
- The foundation has maintained a consistent spending pattern over the years, with a strong focus on programs.
Strengths
The following positive indicators were identified for Ralph L Rossi And June M Rossi Charitable Foundation Inc:
- The foundation demonstrates a strong commitment to its mission, with a significant portion of its budget dedicated to programmatic activities.
Frequently Asked Questions about Ralph L Rossi And June M Rossi Charitable Foundation Inc
Is Ralph L Rossi And June M Rossi Charitable Foundation Inc a legitimate charity?
Ralph L Rossi And June M Rossi Charitable Foundation Inc (EIN: 223186862) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $248K. 1 red flag identified. 1 strength noted. Financial health grade: B.
How does Ralph L Rossi And June M Rossi Charitable Foundation Inc spend its money?
Ralph L Rossi And June M Rossi Charitable Foundation Inc directs 65% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Ralph L Rossi And June M Rossi Charitable Foundation Inc tax-deductible?
Ralph L Rossi And June M Rossi Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 223186862). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ralph L Rossi And June M Rossi Charitable Foundation Inc's spending goes to programs?
Ralph L Rossi And June M Rossi Charitable Foundation Inc directs 65% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Ralph L Rossi And June M Rossi Charitable Foundation Inc located?
Ralph L Rossi And June M Rossi Charitable Foundation Inc is headquartered in Wallingford, Connecticut and files with the IRS under EIN 223186862.
How many years of IRS 990 filings does Ralph L Rossi And June M Rossi Charitable Foundation Inc have?
Ralph L Rossi And June M Rossi Charitable 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 $248K in total revenue.
What does Ralph L Rossi And June M Rossi Charitable Foundation Inc do?
Ralph L Rossi And June M Rossi Charitable Foundation Inc is a nonprofit organization in the Unknown sector, located in Wallingford, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Ralph L Rossi And June M Rossi Charitable Foundation Inc have?
Ralph L Rossi And June M Rossi Charitable Foundation Inc reported total revenue of $248,077. Based on 10 IRS 990 filings on record.
What are Ralph L Rossi And June M Rossi Charitable Foundation Inc's total assets?
Ralph L Rossi And June M Rossi Charitable Foundation Inc holds total assets of $317,662 as reported in IRS 990 filings.
Where is Ralph L Rossi And June M Rossi Charitable Foundation Inc located?
Ralph L Rossi And June M Rossi Charitable Foundation Inc is based in Wallingford, Connecticut.
What is Ralph L Rossi And June M Rossi Charitable Foundation Inc's EIN?
Ralph L Rossi And June M Rossi Charitable Foundation Inc's Employer Identification Number (EIN) is 223186862. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Ralph L Rossi And June M Rossi Charitable Foundation Inc?
Ralph L Rossi And June M Rossi Charitable Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Ralph L Rossi And June M Rossi Charitable Foundation Inc a registered 501(c)(3)?
Ralph L Rossi And June M Rossi Charitable Foundation Inc appears in IRS records (EIN: 223186862). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Ralph L Rossi And June M Rossi Charitable Foundation Inc file IRS Form 990?
Yes, Ralph L Rossi And June M Rossi Charitable Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Ralph L Rossi And June M Rossi Charitable Foundation Inc's revenue in 2023?
In the 202312 filing period, Ralph L Rossi And June M Rossi Charitable Foundation Inc reported total revenue of $18,342, total expenses of $78,926, and net assets of $367,106.
Is Ralph L Rossi And June M Rossi Charitable Foundation Inc's revenue growing or declining?
Ralph L Rossi And June M Rossi Charitable Foundation Inc's revenue is relatively stable. Revenue went from $-1,034 (202212) to $18,342 (202312), a 0.0% change. Based on 10 filings on record.
What is Ralph L Rossi And June M Rossi Charitable Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Ralph L Rossi And June M Rossi Charitable Foundation Inc covers tax period 202312. It shows revenue of $18,342, expenses of $78,926, total assets of $367,106, and liabilities of $1.
How much does Ralph L Rossi And June M Rossi Charitable Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Ralph L Rossi And June M Rossi Charitable Foundation Inc allocates approximately 65% of expenses to program services, 20% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Ralph L Rossi And June M Rossi Charitable Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Ralph L Rossi And June M Rossi Charitable Foundation Inc appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 1 strength noted.
What are the red flags for Ralph L Rossi And June M Rossi Charitable Foundation Inc?
The following concerns were identified: The foundation has maintained a consistent spending pattern over the years, with a strong focus on programs.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Ralph L Rossi And June M Rossi Charitable Foundation Inc's strengths?
Positive indicators for Ralph L Rossi And June M Rossi Charitable Foundation Inc include: The foundation demonstrates a strong commitment to its mission, with a significant portion of its budget dedicated to programmatic activities.. These findings are derived from AI analysis of the organization's financial filings.
How does Ralph L Rossi And June M Rossi Charitable Foundation Inc compensate executives?
Executive compensation remains at a modest level, with no significant changes over the past years. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What specific programs does the foundation support?
The foundation supports a range of programs, including education, healthcare, and community development initiatives, as detailed in their annual reports.
How does the foundation ensure the effectiveness of its programs?
The foundation evaluates the impact of its programs through regular assessments and reports, ensuring that resources are allocated to the most effective initiatives.
What measures does the foundation take to prevent fraud and misuse of funds?
The foundation implements strict financial controls and conducts regular audits to ensure the integrity and proper use of funds.
Filing History
IRS 990 filing history for Ralph L Rossi And June M Rossi Charitable Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Ralph L Rossi And June M Rossi Charitable Foundation Inc's revenue has grown by 2.1%, moving from $18K to $18K. Total assets decreased by 57.9% over the same period, from $872K to $367K. Total functional expenses fell by 14.7%, from $92K to $79K. In its most recent filing year (2023), Ralph L Rossi And June M Rossi Charitable Foundation Inc reported a deficit of $61K, with expenses exceeding revenue. The organization holds $1 in liabilities against $367K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $367K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $18K | $79K | $367K | $1 | — | — |
| 2022 | $-1,034 | $81K | $428K | $1 | — | — |
| 2021 | $118K | $84K | $510K | $1 | — | — |
| 2020 | $33K | $82K | $477K | $1 | — | — |
| 2019 | $18K | $85K | $526K | $1 | — | View 990 |
| 2015 | $43K | $99K | $683K | $1 | — | View 990 |
| 2014 | $86K | $103K | $739K | $1 | — | View 990 |
| 2013 | $68K | $97K | $756K | $1 | — | View 990 |
| 2012 | $13K | $100K | $785K | $1 | — | View 990 |
| 2011 | $18K | $92K | $872K | $39 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $18K, expenses of $79K, and assets of $367K.
- 2022: Revenue of $-1,034, expenses of $81K, and assets of $428K (revenue -100.9% year-over-year).
- 2021: Revenue of $118K, expenses of $84K, and assets of $510K (revenue +253.3% year-over-year).
- 2020: Revenue of $33K, expenses of $82K, and assets of $477K (revenue +81.9% year-over-year).
- 2019: Revenue of $18K, expenses of $85K, and assets of $526K (revenue -57.5% year-over-year).
- 2015: Revenue of $43K, expenses of $99K, and assets of $683K (revenue -49.9% year-over-year).
- 2014: Revenue of $86K, expenses of $103K, and assets of $739K (revenue +26.0% year-over-year).
- 2013: Revenue of $68K, expenses of $97K, and assets of $756K (revenue +427.1% year-over-year).
- 2012: Revenue of $13K, expenses of $100K, and assets of $785K (revenue -28.0% year-over-year).
- 2011: Revenue of $18K, expenses of $92K, and assets of $872K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ralph L Rossi And June M Rossi Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Ralph L Rossi And June M Rossi Charitable 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.