Regulatory Assistance Project
Regulatory Assistance Project maintains stable finances with consistent revenue and no reported officer compensation.
EIN: 10471151 · Montpelier, VT · NTEE: C40Z · Updated: 2026-03-26
Is Regulatory Assistance Project Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Regulatory Assistance Project directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Regulatory Assistance Project
Regulatory Assistance Project (EIN: 10471151) is a nonprofit organization based in Montpelier, VT, classified under NTEE code C40Z. The organization reported total revenue of $10.0M and total assets of $10.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Regulatory Assistance Project'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 Regulatory Assistance Project with a Mission Score of 90 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, Regulatory Assistance Project 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
The Regulatory Assistance Project consistently reports 0% officer compensation across all available IRS 990 filings, which is highly unusual for an organization with annual revenues exceeding $8 million. This suggests that executive leadership may be compensated through other mechanisms not categorized as officer compensation, or that the organization operates with an entirely volunteer or externally funded executive structure, which would be a significant factor in its operational efficiency.
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 Regulatory Assistance Project's IRS 990 filings:
- Consistent 0% officer compensation reported, which is highly unusual for an organization of this size and warrants further investigation into how executive leadership is compensated or structured.
Strengths
The following positive indicators were identified for Regulatory Assistance Project:
- Strong financial stability with consistent revenue streams averaging $8-10 million annually.
- Healthy asset growth, increasing from $4,991,586 in 2015 to $10,509,027 in 2023.
- Excellent transparency with a consistent 13-year filing history of IRS 990 forms.
- Low liabilities relative to assets, indicating strong financial health and low risk.
- Efficient use of funds suggested by the absence of reported officer compensation, potentially allowing more resources for program delivery.
Frequently Asked Questions about Regulatory Assistance Project
Is Regulatory Assistance Project a legitimate charity?
Based on AI analysis of IRS 990 filings, Regulatory Assistance Project (EIN: 10471151) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Regulatory Assistance Project spend its money?
Regulatory Assistance Project directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Regulatory Assistance Project tax-deductible?
Regulatory Assistance Project is registered as a tax-exempt nonprofit (EIN: 10471151). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Regulatory Assistance Project a good charity?
Based on the available IRS 990 data, Regulatory Assistance Project appears to be a financially stable organization with a strong commitment to transparency, evidenced by consistent filings and no reported officer compensation. Their asset growth and generally balanced revenue-to-expense ratio suggest good financial management.
How does Regulatory Assistance Project manage executive compensation?
The organization consistently reports 0% officer compensation in its IRS 990 filings. This is highly unusual for an organization of its size and suggests that executive compensation may be structured in a way that is not reported under 'officer compensation' or that leadership is entirely volunteer-based.
What is the financial trend of Regulatory Assistance Project?
RAP has shown consistent revenue generation, typically between $8 million and $11 million annually. While there was an expense exceeding revenue in 2023 ($10,488,124 expenses vs. $8,418,755 revenue), the organization generally maintains a healthy financial position with growing assets, from $4,991,586 in 2015 to $10,509,027 in 2023.
Filing History
IRS 990 filing history for Regulatory Assistance Project showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Regulatory Assistance Project's revenue has declined by 8.7%, moving from $9.2M to $8.4M. Total assets increased by 155.6% over the same period, from $4.1M to $10.5M. Total functional expenses rose by 21.9%, from $8.6M to $10.5M. In its most recent filing year (2023), Regulatory Assistance Project reported a deficit of $2.1M, with expenses exceeding revenue. The organization holds $2.3M in liabilities against $10.5M in assets (debt-to-asset ratio: 21.7%), resulting in net assets of $8.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $8.4M | $10.5M | $10.5M | $2.3M | — | — |
| 2022 | $11.3M | $8.6M | $12.2M | $1.9M | — | View 990 |
| 2021 | $8.9M | $6.8M | $9.6M | $1.7M | — | View 990 |
| 2020 | $8.1M | $7.3M | $7.5M | $1.7M | — | — |
| 2019 | $7.9M | $8.6M | $6.7M | $1.7M | — | View 990 |
| 2018 | $8.0M | $7.7M | $7.6M | $1.7M | — | View 990 |
| 2017 | $9.3M | $7.9M | $7.2M | $1.4M | — | View 990 |
| 2016 | $9.0M | $8.4M | $6.1M | $1.7M | — | View 990 |
| 2015 | $7.8M | $8.2M | $5.0M | $1.3M | — | View 990 |
| 2014 | $8.3M | $8.2M | $5.3M | $1.2M | — | View 990 |
| 2013 | $10.1M | $10.1M | $5.0M | $1.0M | — | View 990 |
| 2012 | $10.9M | $10.0M | $5.1M | $1.0M | — | View 990 |
| 2011 | $9.2M | $8.6M | $4.1M | $928K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.4M, expenses of $10.5M, and assets of $10.5M (revenue -25.5% year-over-year).
- 2022: Revenue of $11.3M, expenses of $8.6M, and assets of $12.2M (revenue +27.3% year-over-year).
- 2021: Revenue of $8.9M, expenses of $6.8M, and assets of $9.6M (revenue +10.1% year-over-year).
- 2020: Revenue of $8.1M, expenses of $7.3M, and assets of $7.5M (revenue +2.5% year-over-year).
- 2019: Revenue of $7.9M, expenses of $8.6M, and assets of $6.7M (revenue -1.5% year-over-year).
- 2018: Revenue of $8.0M, expenses of $7.7M, and assets of $7.6M (revenue -13.9% year-over-year).
- 2017: Revenue of $9.3M, expenses of $7.9M, and assets of $7.2M (revenue +3.2% year-over-year).
- 2016: Revenue of $9.0M, expenses of $8.4M, and assets of $6.1M (revenue +15.7% year-over-year).
- 2015: Revenue of $7.8M, expenses of $8.2M, and assets of $5.0M (revenue -6.8% year-over-year).
- 2014: Revenue of $8.3M, expenses of $8.2M, and assets of $5.3M (revenue -17.3% year-over-year).
- 2013: Revenue of $10.1M, expenses of $10.1M, and assets of $5.0M (revenue -7.3% year-over-year).
- 2012: Revenue of $10.9M, expenses of $10.0M, and assets of $5.1M (revenue +17.8% year-over-year).
- 2011: Revenue of $9.2M, expenses of $8.6M, and assets of $4.1M.
Data Sources and Methodology
This transparency report for Regulatory Assistance Project 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.