Rare By Design Inc
EIN: 862990471 · Sioux Falls, SD · NTEE: E70
| Metric | Value |
|---|---|
| Total Revenue | $99K |
| Total Expenses | $61K |
| Net Assets | $76K |
Is Rare By Design Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Rare By Design Inc
Rare By Design Inc (EIN: 862990471) is a nonprofit organization based in Sioux Falls, SD, classified under NTEE code E70. The organization reported total revenue of $99K and total assets of $103K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rare By Design Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rare By Design Inc is a micro nonprofit that has been operating for 5 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -8.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $74K |
| Total Expenses | $61K |
| Surplus / Deficit | +$13K |
| Total Assets | $76K |
| Net Assets | $76K |
| Operating Margin | 18.0% |
| Months of Reserves | 15.0 months |
Financial Health Grade: A
In 2023, Rare By Design Inc reported a surplus of $13K with revenue exceeding expenses, holds 15.0 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2022–2023), Rare By Design Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.5% | +48.6% | +21.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rare By Design 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 Rare By Design 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 surplus of $13K, with revenue exceeding expenses.
Frequently Asked Questions about Rare By Design Inc
Is Rare By Design Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rare By Design Inc (EIN: 862990471) insufficient data. 0 red flags identified, 0 strengths noted.
How does Rare By Design Inc spend its money?
Detailed spending breakdown data is not yet available for Rare By Design Inc. Check back for updated IRS 990 analysis.
Are donations to Rare By Design Inc tax-deductible?
Rare By Design Inc is registered as a tax-exempt nonprofit (EIN: 862990471). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rare By Design Inc located?
Rare By Design Inc is headquartered in Sioux Falls, South Dakota and files with the IRS under EIN 862990471. It is classified under NTEE code E70.
How many years of IRS 990 filings does Rare By Design Inc have?
Rare By Design Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $99K in total revenue.
Filing History
IRS 990 filing history for Rare By Design Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Rare By Design Inc's revenue has declined by 8.5%, moving from $81K to $74K. Total assets increased by 21.3% over the same period, from $63K to $76K. Total functional expenses rose by 48.6%, from $41K to $61K. In its most recent filing year (2023), Rare By Design Inc reported a surplus of $13K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $74K | $61K | $76K | $0 | — | View 990 |
| 2022 | $81K | $41K | $63K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rare By Design Inc:
Data Sources and Methodology
This transparency report for Rare By Design 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.