Reliant Foundation Inc
Reliant Foundation: Strong Asset Growth, but Revenue Volatility and High Administrative Costs Raise Questions
EIN: 222912515 · Worcester, MA · NTEE: H00Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $15.2M |
| Total Expenses | $1.5M |
| Program Spending | 50% |
| Net Assets | $27.7M |
| Transparency Score | 75/100 |
Is Reliant Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Reliant Foundation Inc directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Reliant Foundation Inc
Reliant Foundation Inc (EIN: 222912515) is a nonprofit organization based in Worcester, MA, classified under NTEE code H00Z. The organization reported total revenue of $15.2M and total assets of $29.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Reliant Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Reliant Foundation Inc is a large nonprofit that has been operating for 38 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $695K |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-816,679 |
| Total Assets | $27.9M |
| Total Liabilities | $164K |
| Net Assets | $27.7M |
| Operating Margin | -117.5% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 221.5 months |
Financial Health Grade: B
In 2023, Reliant Foundation Inc reported a deficit of $817K with expenses exceeding revenue, holds 221.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Reliant Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +56.2% | +0.2% | +7.0% |
| 2022 | -73.8% | +7.9% | -18.5% |
| 2021 | +397.1% | +6.6% | +4.5% |
| 2020 | -96.8% | +4.5% | +1.8% |
| 2019 | -25.6% | +18.8% | +65.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Reliant Foundation Inc with a Mission Score of 75 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: 30%
- programs: 50%
- fundraising: 20%
According to IRS 990 filings, Reliant Foundation Inc allocates its expenses as follows: admin: 30%, programs: 50%, fundraising: 20%. Approximately 50% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $817K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further information on individual salaries.
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 Reliant Foundation Inc's IRS 990 filings:
- Significant revenue volatility observed, with a peak of $14.2M in 2018 dropping to $445K in 2022, then rebounding to $15.1M in 2023, which could indicate reliance on large, infrequent donations.
- Administrative expenses appear consistently high relative to total expenses, averaging around 30% of total expenses based on available data, which could be a concern for program efficiency.
- The 'c0%' in the financial data, likely representing fundraising costs as a percentage of contributions, is unusually low and warrants further investigation into how fundraising is accounted for or if it's primarily endowment-driven.
Strengths
The following positive indicators were identified for Reliant Foundation Inc:
- Consistent and substantial growth in assets, from $6.5M in 2017 to $28.9M in 2023, indicates strong financial management and investment strategies.
- The organization maintains a healthy liquidity position, with assets significantly exceeding liabilities.
- Long operational history (data from 2016 to 2023) suggests stability and established presence.
Frequently Asked Questions about Reliant Foundation Inc
Is Reliant Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Reliant Foundation Inc (EIN: 222912515) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Reliant Foundation Inc spend its money?
Reliant Foundation Inc directs 50% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Reliant Foundation Inc tax-deductible?
Reliant Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222912515). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Reliant Foundation Inc's spending goes to programs?
Reliant Foundation Inc directs 50% to programs, 20% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Reliant Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Reliant Foundation Inc is above average for NTEE category H00Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Reliant Foundation Inc located?
Reliant Foundation Inc is headquartered in Worcester, Massachusetts and files with the IRS under EIN 222912515. It is classified under NTEE code H00Z.
How many years of IRS 990 filings does Reliant Foundation Inc have?
Reliant Foundation Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $15.2M in total revenue.
What does Reliant Foundation Inc do?
Reliant Foundation Inc is a nonprofit organization in the Medical Research sector, located in Worcester, Massachusetts. It is classified under NTEE code H00Z.
How much revenue does Reliant Foundation Inc have?
Reliant Foundation Inc reported total revenue of $15,186,391. Based on 14 IRS 990 filings on record.
What are Reliant Foundation Inc's total assets?
Reliant Foundation Inc holds total assets of $28,966,830 as reported in IRS 990 filings.
Where is Reliant Foundation Inc located?
Reliant Foundation Inc is based in Worcester, Massachusetts.
What is Reliant Foundation Inc's EIN?
Reliant Foundation Inc's Employer Identification Number (EIN) is 222912515. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Reliant Foundation Inc?
Reliant Foundation Inc is classified under NTEE code H00Z (Medical Research).
Is Reliant Foundation Inc a registered 501(c)(3)?
Yes, Reliant Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 222912515.
Does Reliant Foundation Inc file IRS Form 990?
Yes, Reliant Foundation Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Reliant Foundation Inc's revenue in 2023?
In the 202312 filing period, Reliant Foundation Inc reported total revenue of $695,207, total expenses of $1,511,886, and net assets of $27,900,604.
Is Reliant Foundation Inc's revenue growing or declining?
Reliant Foundation Inc's revenue is growing. Revenue went from $445,034 (202212) to $695,207 (202312), a +56.2% change. Based on 14 filings on record.
What is Reliant Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Reliant Foundation Inc covers tax period 202312. It shows revenue of $695,207, expenses of $1,511,886, total assets of $27,900,604, and liabilities of $163,975.
How much does Reliant Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Reliant Foundation Inc allocates approximately 50% of expenses to program services, 30% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Reliant Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Reliant Foundation Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Reliant Foundation Inc?
The following concerns were identified: Significant revenue volatility observed, with a peak of $14.2M in 2018 dropping to $445K in 2022, then rebounding to $15.1M in 2023, which could indicate reliance on large, infrequent donations.. Administrative expenses appear consistently high relative to total expenses, averaging around 30% of total expenses based on available data, which could be a concern for program efficiency.. The 'c0%' in the financial data, likely representing fundraising costs as a percentage of contributions, is unusually low and warrants further investigation into how fundraising is accounted for or if it's primarily endowment-driven.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Reliant Foundation Inc's strengths?
Positive indicators for Reliant Foundation Inc include: Consistent and substantial growth in assets, from $6.5M in 2017 to $28.9M in 2023, indicates strong financial management and investment strategies.. The organization maintains a healthy liquidity position, with assets significantly exceeding liabilities.. Long operational history (data from 2016 to 2023) suggests stability and established presence.. These findings are derived from AI analysis of the organization's financial filings.
How does Reliant Foundation Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further information on individual salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'c0%' for fundraising costs, how does Reliant Foundation Inc. primarily generate its revenue, especially considering the significant fluctuations in annual revenue?
The 'c0%' for fundraising costs suggests that the organization either has extremely efficient fundraising methods, relies heavily on investment income from its growing asset base, or receives large, infrequent grants/donations that are not categorized as traditional fundraising expenses. The revenue volatility further supports the idea of reliance on non-recurring large contributions or market-dependent investment returns rather than consistent, broad-based fundraising.
What is the strategic rationale behind the consistent increase in assets, particularly in years with lower revenue, and how does this align with the organization's mission?
The consistent asset growth, even in years with lower revenue (e.g., 2022), suggests a strong focus on endowment building and investment. This strategy could aim to create a sustainable funding source for future programs, providing long-term stability despite short-term revenue fluctuations. However, the direct impact of this asset growth on immediate program delivery would need further clarification.
Filing History
IRS 990 filing history for Reliant Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Reliant Foundation Inc's revenue has declined by 19.3%, moving from $861K to $695K. Total assets increased by 485.6% over the same period, from $4.8M to $27.9M. Total functional expenses rose by 280.8%, from $397K to $1.5M. In its most recent filing year (2023), Reliant Foundation Inc reported a deficit of $817K, with expenses exceeding revenue. The organization holds $164K in liabilities against $27.9M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $27.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $695K | $1.5M | $27.9M | $164K | — | View 990 |
| 2022 | $445K | $1.5M | $26.1M | $210K | — | View 990 |
| 2021 | $1.7M | $1.4M | $32.0M | $27K | — | View 990 |
| 2020 | $341K | $1.3M | $30.6M | $33K | — | — |
| 2019 | $10.6M | $1.3M | $30.1M | $31K | — | View 990 |
| 2018 | $14.3M | $1.1M | $18.2M | $36K | — | View 990 |
| 2017 | $880K | $831K | $6.6M | $23K | — | View 990 |
| 2016 | $613K | $749K | $6.3M | $57K | — | View 990 |
| 2015 | $1.4M | $704K | $6.0M | $15K | — | View 990 |
| 2014 | $776K | $586K | $5.9M | $14K | — | View 990 |
| 2013 | $701K | $521K | $5.7M | $32K | — | View 990 |
| 2012 | $150K | $82K | $5.3M | $40K | — | View 990 |
| 2012 | $652K | $547K | $5.3M | $39K | — | View 990 |
| 2011 | $861K | $397K | $4.8M | $42K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $695K, expenses of $1.5M, and assets of $27.9M (revenue +56.2% year-over-year).
- 2022: Revenue of $445K, expenses of $1.5M, and assets of $26.1M (revenue -73.8% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.4M, and assets of $32.0M (revenue +397.1% year-over-year).
- 2020: Revenue of $341K, expenses of $1.3M, and assets of $30.6M (revenue -96.8% year-over-year).
- 2019: Revenue of $10.6M, expenses of $1.3M, and assets of $30.1M (revenue -25.6% year-over-year).
- 2018: Revenue of $14.3M, expenses of $1.1M, and assets of $18.2M (revenue +1522.6% year-over-year).
- 2017: Revenue of $880K, expenses of $831K, and assets of $6.6M (revenue +43.4% year-over-year).
- 2016: Revenue of $613K, expenses of $749K, and assets of $6.3M (revenue -56.0% year-over-year).
- 2015: Revenue of $1.4M, expenses of $704K, and assets of $6.0M (revenue +79.5% year-over-year).
- 2014: Revenue of $776K, expenses of $586K, and assets of $5.9M (revenue +10.7% year-over-year).
- 2013: Revenue of $701K, expenses of $521K, and assets of $5.7M (revenue +368.9% year-over-year).
- 2012: Revenue of $150K, expenses of $82K, and assets of $5.3M (revenue -77.1% year-over-year).
- 2012: Revenue of $652K, expenses of $547K, and assets of $5.3M (revenue -24.3% year-over-year).
- 2011: Revenue of $861K, expenses of $397K, and assets of $4.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Reliant Foundation Inc:
Data Sources and Methodology
This transparency report for Reliant 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.