Ramak Foundation
Ramak Foundation shows strong asset growth and minimal liabilities, with recent revenue increases and 0% officer compensation.
EIN: 200510049 · Charleston, SC · NTEE: T20 · Updated: 2026-03-28
Is Ramak Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ramak Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ramak Foundation
Ramak Foundation (EIN: 200510049) is a nonprofit organization based in Charleston, SC, classified under NTEE code T20. The organization reported total revenue of $2.9M and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ramak Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ramak Foundation 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Ramak Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization with latest revenue of $2,915,176.
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 Ramak Foundation's IRS 990 filings:
- Lack of detailed expense breakdown in provided data makes precise efficiency analysis difficult.
Strengths
The following positive indicators were identified for Ramak Foundation:
- Consistent 0% officer compensation across all filings, indicating high efficiency in executive costs.
- Strong and consistent asset growth over more than a decade, from $1,250,159 in 2011 to $2,897,969 currently.
- Extremely low liabilities ($1 in recent years), demonstrating strong financial health and minimal debt.
- Significant recent revenue growth, with latest revenue at $2,915,176.
Frequently Asked Questions about Ramak Foundation
Is Ramak Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Ramak Foundation (EIN: 200510049) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Ramak Foundation spend its money?
Ramak Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ramak Foundation tax-deductible?
Ramak Foundation is registered as a tax-exempt nonprofit (EIN: 200510049). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Ramak Foundation a good charity?
Based on the provided data, Ramak Foundation appears to be a financially sound organization with strong asset growth, minimal liabilities, and a commendable 0% officer compensation. These factors suggest good stewardship of resources, though a detailed breakdown of program spending versus administrative and fundraising costs would provide a more complete picture of efficiency.
What is the trend in Ramak Foundation's revenue?
Ramak Foundation's revenue has shown significant fluctuation, with a notable increase to $513,665 in 2023 from much lower figures in previous years (e.g., $93,907 in 2022, $11,796 in 2019). The latest reported revenue is $2,915,176, indicating a substantial recent surge.
How has Ramak Foundation's asset base changed over time?
Ramak Foundation has demonstrated consistent asset growth, increasing from $1,250,159 in 2011 to $1,873,446 in 2023, and currently stands at $2,897,969. This indicates effective long-term financial management and accumulation of resources.
What is the organization's liability situation?
Ramak Foundation consistently reports extremely low liabilities, with $1 in recent years and a maximum of $5,444 in earlier periods. This indicates a very strong financial position with minimal debt.
Filing History
IRS 990 filing history for Ramak Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Ramak Foundation's revenue has grown by 288.2%, moving from $132K to $514K. Total assets increased by 49.9% over the same period, from $1.3M to $1.9M. Total functional expenses rose by 109.5%, from $86K to $179K. In its most recent filing year (2023), Ramak Foundation reported a surplus of $334K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $514K | $179K | $1.9M | $1 | — | — |
| 2022 | $94K | $192K | $1.5M | $1 | — | View 990 |
| 2021 | $175K | $141K | $1.6M | $1 | — | View 990 |
| 2020 | $64K | $88K | $1.6M | $1 | — | View 990 |
| 2019 | $12K | $230K | $1.6M | $1 | — | — |
| 2015 | $112K | $44K | $1.5M | $5K | — | View 990 |
| 2014 | $160K | $49K | $1.5M | $5K | — | View 990 |
| 2013 | $79K | $40K | $1.4M | $5K | — | View 990 |
| 2012 | $81K | $7K | $1.3M | $5K | — | View 990 |
| 2011 | $132K | $86K | $1.3M | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $514K, expenses of $179K, and assets of $1.9M (revenue +447.0% year-over-year).
- 2022: Revenue of $94K, expenses of $192K, and assets of $1.5M (revenue -46.3% year-over-year).
- 2021: Revenue of $175K, expenses of $141K, and assets of $1.6M (revenue +174.5% year-over-year).
- 2020: Revenue of $64K, expenses of $88K, and assets of $1.6M (revenue +440.3% year-over-year).
- 2019: Revenue of $12K, expenses of $230K, and assets of $1.6M (revenue -89.4% year-over-year).
- 2015: Revenue of $112K, expenses of $44K, and assets of $1.5M (revenue -30.0% year-over-year).
- 2014: Revenue of $160K, expenses of $49K, and assets of $1.5M (revenue +101.0% year-over-year).
- 2013: Revenue of $79K, expenses of $40K, and assets of $1.4M (revenue -2.2% year-over-year).
- 2012: Revenue of $81K, expenses of $7K, and assets of $1.3M (revenue -38.7% year-over-year).
- 2011: Revenue of $132K, expenses of $86K, and assets of $1.3M.
Data Sources and Methodology
This transparency report for Ramak 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.