Rayfield Family Literacy Inc
Rayfield Family Literacy Inc. experiences significant revenue decline and operates with narrow financial margins.
EIN: 134247243 · Hollywood, FL · NTEE: B80 · Updated: 2026-03-28
Is Rayfield Family Literacy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rayfield Family Literacy Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Rayfield Family Literacy Inc
Rayfield Family Literacy Inc (EIN: 134247243) is a nonprofit organization based in Hollywood, FL, classified under NTEE code B80. The organization reported total revenue of $1.0M and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rayfield Family Literacy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rayfield Family Literacy Inc is a mid-size nonprofit that has been operating for 8 years, with 6 years of IRS 990 filings on record (2010–2020). Revenue has grown at a compound annual rate of 5.3%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-15,381 |
| Total Assets | $2.2M |
| Total Liabilities | $2.1M |
| Net Assets | $47K |
| Operating Margin | -1.5% |
| Debt-to-Asset Ratio | 97.8% |
| Months of Reserves | 25.7 months |
Financial Health Grade: C
In 2020, Rayfield Family Literacy Inc reported a deficit of $15K with expenses exceeding revenue, holds 25.7 months of operating reserves (strong position), has a debt-to-asset ratio of 97.8% (high leverage).
Financial Trends
Over 6 years of filings (2010–2020), Rayfield Family Literacy Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -9.4% | -8.1% | +4.1% |
| 2019 | -64.6% | -65.0% | +8.3% |
| 2018 | -44.9% | -38.9% | -7.4% |
| 2017 | +470.2% | +415.0% | +1852.2% |
| 2011 | +65.8% | +50.6% | +336.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2018 |
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 Rayfield Family Literacy Inc with a Mission Score of 65 out of 100 (Good). 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: 70%
- fundraising: 10%
According to IRS 990 filings, Rayfield Family Literacy Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 97.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is a strong positive for transparency and resource allocation relative to its size.
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 Rayfield Family Literacy Inc's IRS 990 filings:
- Significant and consistent decline in revenue from $5,661,520 in 2017 to $1,000,133 in 2020.
- Expenses frequently exceed revenue, leading to deficit spending (e.g., $1,015,514 expenses vs. $1,000,133 revenue in 2020).
- High liabilities ($2,128,069 in 2020) nearly matching total assets ($2,175,519 in 2020), indicating limited financial cushion.
Strengths
The following positive indicators were identified for Rayfield Family Literacy Inc:
- Consistent reporting of 0% officer compensation across all available filings, indicating strong transparency in executive pay.
- Maintains substantial assets ($2,175,519 in 2020) despite recent financial challenges.
Frequently Asked Questions about Rayfield Family Literacy Inc
Is Rayfield Family Literacy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rayfield Family Literacy Inc (EIN: 134247243) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Rayfield Family Literacy Inc spend its money?
Rayfield Family Literacy Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rayfield Family Literacy Inc tax-deductible?
Rayfield Family Literacy Inc is registered as a tax-exempt nonprofit (EIN: 134247243). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Rayfield Family Literacy Inc. financially stable given its declining revenue?
The organization's revenue has significantly decreased from $5,661,520 in 2017 to $1,000,133 in 2020, and expenses have frequently exceeded revenue. While it holds substantial assets ($2,175,519 in 2020), its liabilities are also high ($2,128,069), suggesting a precarious financial position.
What caused the drastic drop in revenue between 2017 and 2020?
The provided data does not specify the reasons for the revenue decline from $5,661,520 in 2017 to $1,000,133 in 2020. This would require further investigation into their funding sources and operational changes during that period.
How does the organization manage its high liabilities relative to its assets?
In 2020, the organization's liabilities ($2,128,069) are very close to its assets ($2,175,519), indicating a very thin equity margin. This suggests a high reliance on debt or restricted funds, which could limit financial flexibility.
Filing History
IRS 990 filing history for Rayfield Family Literacy Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2010–2020), Rayfield Family Literacy Inc's revenue has grown by 67%, moving from $599K to $1.0M. Total assets increased by 8789.8% over the same period, from $24K to $2.2M. Total functional expenses rose by 52.7%, from $665K to $1.0M. In its most recent filing year (2020), Rayfield Family Literacy Inc reported a deficit of $15K, with expenses exceeding revenue. The organization holds $2.1M in liabilities against $2.2M in assets (debt-to-asset ratio: 97.8%), resulting in net assets of $47K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $1.0M | $1.0M | $2.2M | $2.1M | — | — |
| 2019 | $1.1M | $1.1M | $2.1M | $1.4M | — | View 990 |
| 2018 | $3.1M | $3.2M | $1.9M | $1.5M | — | View 990 |
| 2017 | $5.7M | $5.2M | $2.1M | $1.5M | — | View 990 |
| 2011 | $993K | $1.0M | $107K | $29K | — | View 990 |
| 2010 | $599K | $665K | $24K | $29K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $1.0M, expenses of $1.0M, and assets of $2.2M (revenue -9.4% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $2.1M (revenue -64.6% year-over-year).
- 2018: Revenue of $3.1M, expenses of $3.2M, and assets of $1.9M (revenue -44.9% year-over-year).
- 2017: Revenue of $5.7M, expenses of $5.2M, and assets of $2.1M (revenue +470.2% year-over-year).
- 2011: Revenue of $993K, expenses of $1.0M, and assets of $107K (revenue +65.8% year-over-year).
- 2010: Revenue of $599K, expenses of $665K, and assets of $24K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rayfield Family Literacy Inc:
Data Sources and Methodology
This transparency report for Rayfield Family Literacy 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.