Red Skye Foundation Inc
EIN: 461721735 · Barrington, RI · NTEE: F50
| Metric | Value |
|---|---|
| Total Expenses | $117K |
| Net Assets | $15K |
Is Red Skye Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Red Skye Foundation Inc
Red Skye Foundation Inc (EIN: 461721735) is a nonprofit organization based in Barrington, RI, classified under NTEE code F50. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Red Skye Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Red Skye Foundation Inc is a small nonprofit that has been operating for 12 years, with 5 years of IRS 990 filings on record (2014–2018). Revenue has grown at a compound annual rate of -9.1%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $136K |
| Total Expenses | $117K |
| Surplus / Deficit | +$19K |
| Total Assets | $15K |
| Net Assets | $15K |
| Operating Margin | 13.7% |
| Months of Reserves | 1.5 months |
Financial Health Grade: A
In 2018, Red Skye Foundation Inc reported a surplus of $19K with revenue exceeding expenses, holds 1.5 months of operating reserves (limited).
Financial Trends
Over 5 years of filings (2014–2018), Red Skye Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -9.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -38.9% | -50.2% | +8.9% |
| 2017 | +0.2% | +10.2% | -31.6% |
| 2016 | -3.1% | -8.2% | +95.8% |
| 2015 | +14.9% | +19.9% | +98.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Red Skye Foundation 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 Red Skye Foundation 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 (2018)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $19K, with revenue exceeding expenses.
Frequently Asked Questions about Red Skye Foundation Inc
Is Red Skye Foundation Inc a legitimate charity?
Red Skye Foundation Inc (EIN: 461721735) is a registered tax-exempt nonprofit based in Rhode Island. It has 5 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does Red Skye Foundation Inc spend its money?
Red Skye Foundation Inc reported its financials in IRS 990 filings. 5 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Red Skye Foundation Inc tax-deductible?
Red Skye Foundation Inc is registered as a tax-exempt nonprofit (EIN: 461721735). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Red Skye Foundation Inc located?
Red Skye Foundation Inc is headquartered in Barrington, Rhode Island and files with the IRS under EIN 461721735. It is classified under NTEE code F50.
How many years of IRS 990 filings does Red Skye Foundation Inc have?
Red Skye Foundation Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Red Skye Foundation Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2014–2018), Red Skye Foundation Inc's revenue has declined by 31.9%, moving from $199K to $136K. Total assets increased by 188.8% over the same period, from $5K to $15K. Total functional expenses fell by 39.6%, from $194K to $117K. In its most recent filing year (2018), Red Skye Foundation Inc reported a surplus of $19K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $136K | $117K | $15K | $0 | — | View 990 |
| 2017 | $222K | $235K | $14K | $17K | — | View 990 |
| 2016 | $222K | $213K | $20K | $10K | — | View 990 |
| 2015 | $229K | $232K | $10K | $9K | — | View 990 |
| 2014 | $199K | $194K | $5K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $136K, expenses of $117K, and assets of $15K (revenue -38.9% year-over-year).
- 2017: Revenue of $222K, expenses of $235K, and assets of $14K (revenue +0.2% year-over-year).
- 2016: Revenue of $222K, expenses of $213K, and assets of $20K (revenue -3.1% year-over-year).
- 2015: Revenue of $229K, expenses of $232K, and assets of $10K (revenue +14.9% year-over-year).
- 2014: Revenue of $199K, expenses of $194K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Red Skye Foundation Inc:
Data Sources and Methodology
This transparency report for Red Skye 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.