Randleigh Foundation
Randleigh Foundation consistently spends more than it earns, drawing down its $9.8M assets.
EIN: 136207897 · Chapel Hill, NC · Updated: 2026-03-28
Is Randleigh Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Randleigh Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Randleigh Foundation
Randleigh Foundation (EIN: 136207897) is a nonprofit organization based in Chapel Hill, NC. The organization reported total revenue of $3.2M and total assets of $9.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Randleigh Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Randleigh Foundation is a mid-size nonprofit that has been operating for 56 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 8.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $2.5M |
| Surplus / Deficit | $-734,989 |
| Total Assets | $9.9M |
| Total Liabilities | $1 |
| Net Assets | $9.9M |
| Operating Margin | -42.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 47.8 months |
Financial Health Grade: B
In 2024, Randleigh Foundation reported a deficit of $735K with expenses exceeding revenue, holds 47.8 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 (2012–2024), Randleigh Foundation's revenue has grown at a compound annual growth rate (CAGR) of 8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +139.7% | -3.7% | -6.9% |
| 2023 | -79.6% | +23.6% | -14.8% |
| 2022 | +122.8% | +10.5% | +13.4% |
| 2021 | -31.6% | +11.1% | -2.5% |
| 2020 | +100.0% | +13.9% | -12.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1970 |
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 Randleigh 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Randleigh Foundation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $735K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Randleigh Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis or compensation is categorized differently, which is a positive for resource allocation to its mission.
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 Randleigh Foundation's IRS 990 filings:
- Consistent decline in assets over the past decade, from $13.9M in 2012 to $9.8M in 2024, due to expenses frequently exceeding revenue.
Strengths
The following positive indicators were identified for Randleigh Foundation:
- Zero reported officer compensation across all filings, indicating efficient use of funds for mission.
- Extremely low liabilities ($0 or $1) across all periods, demonstrating strong financial stability and minimal debt.
- Consistent filing of IRS Form 990s over a decade, indicating good transparency and compliance.
- Significant asset base of $9.8M, providing substantial resources for its mission.
Frequently Asked Questions about Randleigh Foundation
Is Randleigh Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Randleigh Foundation (EIN: 136207897) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Randleigh Foundation spend its money?
Randleigh Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Randleigh Foundation tax-deductible?
Randleigh Foundation is registered as a tax-exempt nonprofit (EIN: 136207897). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Randleigh Foundation a good charity?
Based on the available data, Randleigh Foundation appears to be a well-managed grant-making organization with a strong balance sheet and no reported officer compensation. Its consistent spending down of assets suggests active fulfillment of its mission, making it a potentially good charity, though specific program impact details are not available from these filings.
Why are assets declining?
The foundation's assets have declined from $13.9M in 2012 to $9.8M in 2024 because its expenses have frequently exceeded its revenue, particularly in recent years (e.g., $2.47M expenses vs. $1.74M revenue in 2024; $2.57M expenses vs. $726K revenue in 2023). This indicates the foundation is spending down its endowment to fund its activities.
What is the Randleigh Foundation's primary purpose?
Without an NTEE code or detailed program descriptions, the primary purpose cannot be definitively stated from the provided data. However, given its financial structure and consistent spending, it likely operates as a grant-making foundation.
Filing History
IRS 990 filing history for Randleigh Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Randleigh Foundation's revenue has grown by 156.9%, moving from $678K to $1.7M. Total assets decreased by 29% over the same period, from $13.9M to $9.9M. Total functional expenses rose by 163.9%, from $939K to $2.5M. In its most recent filing year (2024), Randleigh Foundation reported a deficit of $735K, with expenses exceeding revenue. The organization holds $1 in liabilities against $9.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $9.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.7M | $2.5M | $9.9M | $1 | — | View 990 |
| 2023 | $727K | $2.6M | $10.6M | $1 | — | View 990 |
| 2022 | $3.6M | $2.1M | $12.5M | $1 | — | View 990 |
| 2021 | $1.6M | $1.9M | $11.0M | $1 | — | — |
| 2020 | $2.3M | $1.7M | $11.3M | $0 | — | View 990 |
| 2016 | $1.2M | $1.5M | $12.9M | $1 | — | View 990 |
| 2015 | $1.4M | $1.3M | $13.3M | $1 | — | View 990 |
| 2014 | $601K | $1.1M | $13.2M | $1 | — | View 990 |
| 2013 | $794K | $1.0M | $13.7M | $1 | — | View 990 |
| 2012 | $678K | $939K | $13.9M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.7M, expenses of $2.5M, and assets of $9.9M (revenue +139.7% year-over-year).
- 2023: Revenue of $727K, expenses of $2.6M, and assets of $10.6M (revenue -79.6% year-over-year).
- 2022: Revenue of $3.6M, expenses of $2.1M, and assets of $12.5M (revenue +122.8% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.9M, and assets of $11.0M (revenue -31.6% year-over-year).
- 2020: Revenue of $2.3M, expenses of $1.7M, and assets of $11.3M (revenue +100.0% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.5M, and assets of $12.9M (revenue -15.0% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.3M, and assets of $13.3M (revenue +128.2% year-over-year).
- 2014: Revenue of $601K, expenses of $1.1M, and assets of $13.2M (revenue -24.3% year-over-year).
- 2013: Revenue of $794K, expenses of $1.0M, and assets of $13.7M (revenue +17.1% year-over-year).
- 2012: Revenue of $678K, expenses of $939K, and assets of $13.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Randleigh Foundation:
Data Sources and Methodology
This transparency report for Randleigh 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.