Research Triangle Regional Partnership
EIN: 561720732 · Raleigh, NC
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $1.1M |
| Net Assets | $386K |
Is Research Triangle Regional Partnership Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Research Triangle Regional Partnership
Research Triangle Regional Partnership (EIN: 561720732) is a nonprofit organization based in Raleigh, NC. The organization reported total revenue of $1.2M and total assets of $604K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Research Triangle Regional Partnership's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Research Triangle Regional Partnership is a mid-size nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-12,659 |
| Total Assets | $554K |
| Total Liabilities | $168K |
| Net Assets | $386K |
| Operating Margin | -1.2% |
| Debt-to-Asset Ratio | 30.3% |
| Months of Reserves | 6.2 months |
Financial Health Grade: B
In 2023, Research Triangle Regional Partnership reported a deficit of $13K with expenses exceeding revenue, holds 6.2 months of operating reserves (strong position), has a debt-to-asset ratio of 30.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Research Triangle Regional Partnership's revenue has declined at a compound annual growth rate (CAGR) of -2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.6% | +11.7% | +7.7% |
| 2022 | +25.5% | +9.4% | +34.8% |
| 2021 | +7.2% | +7.0% | -18.0% |
| 2020 | -26.8% | -20.0% | +4.9% |
| 2019 | -27.0% | -19.2% | -26.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Research Triangle Regional Partnership 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 Research Triangle Regional Partnership 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 deficit of $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 30.3%.
Frequently Asked Questions about Research Triangle Regional Partnership
Is Research Triangle Regional Partnership a legitimate charity?
Research Triangle Regional Partnership (EIN: 561720732) is a registered tax-exempt nonprofit based in North Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $1.2M. No red flags identified. Financial health grade: B.
How does Research Triangle Regional Partnership spend its money?
Research Triangle Regional Partnership reported $1.2M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Research Triangle Regional Partnership tax-deductible?
Research Triangle Regional Partnership is registered as a tax-exempt nonprofit (EIN: 561720732). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Research Triangle Regional Partnership located?
Research Triangle Regional Partnership is headquartered in Raleigh, North Carolina and files with the IRS under EIN 561720732.
How many years of IRS 990 filings does Research Triangle Regional Partnership have?
Research Triangle Regional Partnership has 13 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 $1.2M in total revenue.
Filing History
IRS 990 filing history for Research Triangle Regional Partnership showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Research Triangle Regional Partnership's revenue has declined by 27.2%, moving from $1.4M to $1.1M. Total assets increased by 8.6% over the same period, from $510K to $554K. Total functional expenses fell by 26.6%, from $1.4M to $1.1M. In its most recent filing year (2023), Research Triangle Regional Partnership reported a deficit of $13K, with expenses exceeding revenue. The organization holds $168K in liabilities against $554K in assets (debt-to-asset ratio: 30.3%), resulting in net assets of $386K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.1M | $554K | $168K | — | View 990 |
| 2022 | $1.0M | $952K | $514K | $115K | — | View 990 |
| 2021 | $824K | $870K | $381K | $65K | — | View 990 |
| 2020 | $769K | $813K | $465K | $103K | — | — |
| 2019 | $1.1M | $1.0M | $444K | $37K | — | View 990 |
| 2018 | $1.4M | $1.3M | $605K | $52K | — | View 990 |
| 2017 | $1.3M | $1.0M | $466K | $92K | — | View 990 |
| 2016 | $1.5M | $1.7M | $379K | $257K | — | View 990 |
| 2015 | $1.6M | $1.7M | $493K | $186K | — | View 990 |
| 2014 | $1.6M | $1.6M | $512K | $112K | — | View 990 |
| 2013 | $1.7M | $1.6M | $546K | $164K | — | View 990 |
| 2012 | $1.4M | $1.5M | $401K | $92K | — | View 990 |
| 2011 | $1.4M | $1.4M | $510K | $109K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.1M, and assets of $554K (revenue +1.6% year-over-year).
- 2022: Revenue of $1.0M, expenses of $952K, and assets of $514K (revenue +25.5% year-over-year).
- 2021: Revenue of $824K, expenses of $870K, and assets of $381K (revenue +7.2% year-over-year).
- 2020: Revenue of $769K, expenses of $813K, and assets of $465K (revenue -26.8% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.0M, and assets of $444K (revenue -27.0% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.3M, and assets of $605K (revenue +11.8% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.0M, and assets of $466K (revenue -17.0% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.7M, and assets of $379K (revenue -1.5% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.7M, and assets of $493K (revenue -3.4% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.6M, and assets of $512K (revenue -2.8% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.6M, and assets of $546K (revenue +21.7% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.5M, and assets of $401K (revenue -4.7% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.4M, and assets of $510K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Research Triangle Regional Partnership:
Data Sources and Methodology
This transparency report for Research Triangle Regional Partnership 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.