Rhode Island Aviation Hall Of Fame Inc
Rhode Island Aviation Hall Of Fame faces persistent deficits and negative net assets.
EIN: 203466156 · Providence, RI · NTEE: A50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $52K |
| Program Spending | 70% |
| Net Assets | $-6,834 |
| Transparency Score | 45/100 |
Is Rhode Island Aviation Hall Of Fame Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rhode Island Aviation Hall Of Fame Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Rhode Island Aviation Hall Of Fame Inc
Rhode Island Aviation Hall Of Fame Inc (EIN: 203466156) is a nonprofit organization based in Providence, RI, classified under NTEE code A50. 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 Rhode Island Aviation Hall Of Fame Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rhode Island Aviation Hall Of Fame Inc is a micro nonprofit that has been operating for 16 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $39K |
| Total Expenses | $52K |
| Surplus / Deficit | $-13,970 |
| Total Assets | $107K |
| Total Liabilities | $114K |
| Net Assets | $-6,834 |
| Operating Margin | -36.3% |
| Debt-to-Asset Ratio | 106.4% |
| Months of Reserves | 24.4 months |
Financial Health Grade: C
In 2023, Rhode Island Aviation Hall Of Fame Inc reported a deficit of $14K with expenses exceeding revenue, holds 24.4 months of operating reserves (strong position), has a debt-to-asset ratio of 106.4% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Rhode Island Aviation Hall Of Fame Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.4% | -17.7% | -0.5% |
| 2022 | +71.6% | +41.5% | +7.0% |
| 2021 | -23.4% | -38.6% | -5.2% |
| 2020 | -42.9% | -6.8% | -11.4% |
| 2019 | -8.4% | -12.4% | -9.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2010 |
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 Rhode Island Aviation Hall Of Fame Inc with a Mission Score of 45 out of 100 (Fair). 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, Rhode Island Aviation Hall Of Fame Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% 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 $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 106.4%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is not drawing a salary, which is commendable for a small nonprofit.
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 Rhode Island Aviation Hall Of Fame Inc's IRS 990 filings:
- Consistent operating deficits (7 out of 10 years)
- Liabilities exceeding assets in recent years (negative net assets)
- Declining asset base from 2018 ($131,976) to 2023 ($106,824)
- Revenue has decreased significantly from peak years (e.g., $77,822 in 2016) to $38,522 in 2023
Strengths
The following positive indicators were identified for Rhode Island Aviation Hall Of Fame Inc:
- Consistent IRS 990 filing history (14 filings)
- 0% officer compensation, indicating volunteer leadership
- Maintained operations despite financial challenges
Frequently Asked Questions about Rhode Island Aviation Hall Of Fame Inc
Is Rhode Island Aviation Hall Of Fame Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rhode Island Aviation Hall Of Fame Inc (EIN: 203466156) significant concerns. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
How does Rhode Island Aviation Hall Of Fame Inc spend its money?
Rhode Island Aviation Hall Of Fame Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rhode Island Aviation Hall Of Fame Inc tax-deductible?
Rhode Island Aviation Hall Of Fame Inc is registered as a tax-exempt nonprofit (EIN: 203466156). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Rhode Island Aviation Hall Of Fame Inc's spending goes to programs?
Rhode Island Aviation Hall Of Fame Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Rhode Island Aviation Hall Of Fame Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Rhode Island Aviation Hall Of Fame Inc is near average for NTEE category A50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rhode Island Aviation Hall Of Fame Inc located?
Rhode Island Aviation Hall Of Fame Inc is headquartered in Providence, Rhode Island and files with the IRS under EIN 203466156. It is classified under NTEE code A50.
How many years of IRS 990 filings does Rhode Island Aviation Hall Of Fame Inc have?
Rhode Island Aviation Hall Of Fame 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.
Is Rhode Island Aviation Hall Of Fame Inc. financially stable?
No, the organization is not financially stable. It has reported operating deficits in 7 of the last 10 years and its liabilities ($113,658 in 2023) have exceeded its assets ($106,824 in 2023) for the past two fiscal years, indicating a negative net asset position.
What is the trend in the organization's revenue and expenses?
Revenue has fluctuated, but expenses have generally outpaced revenue in recent years. For example, in 2023, revenue was $38,522 while expenses were $52,492, continuing a trend of operating at a loss.
Does the organization compensate its officers?
No, the IRS 990 filings consistently show 0% officer compensation, meaning no salaries are paid to the organization's officers.
What is the organization's net asset position?
The organization has a negative net asset position, with liabilities exceeding assets in both 2023 ($113,658 vs. $106,824) and 2022 ($100,226 vs. $107,362).
Filing History
IRS 990 filing history for Rhode Island Aviation Hall Of Fame Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Rhode Island Aviation Hall Of Fame Inc's revenue has declined by 52.2%, moving from $81K to $39K. Total assets increased by 2257.1% over the same period, from $5K to $107K. Total functional expenses rose by 4.9%, from $50K to $52K. In its most recent filing year (2023), Rhode Island Aviation Hall Of Fame Inc reported a deficit of $14K, with expenses exceeding revenue. The organization holds $114K in liabilities against $107K in assets (debt-to-asset ratio: 106.4%), resulting in net assets of $-6,834.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $39K | $52K | $107K | $114K | — | — |
| 2022 | $51K | $64K | $107K | $100K | — | View 990 |
| 2021 | $30K | $45K | $100K | $80K | — | — |
| 2020 | $39K | $73K | $106K | $71K | — | — |
| 2019 | $68K | $79K | $119K | $50K | — | View 990 |
| 2018 | $74K | $90K | $132K | $51K | — | View 990 |
| 2017 | $73K | $62K | $143K | $46K | — | View 990 |
| 2016 | $78K | $59K | $125K | $39K | — | View 990 |
| 2015 | $56K | $38K | $97K | $38K | — | View 990 |
| 2014 | $50K | $48K | $81K | $39K | — | View 990 |
| 2013 | $55K | $39K | $75K | $34K | — | View 990 |
| 2012 | $65K | $65K | $48K | $23K | — | View 990 |
| 2011 | $69K | $64K | $53K | $17K | — | View 990 |
| 2010 | $81K | $50K | $5K | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $39K, expenses of $52K, and assets of $107K (revenue -24.4% year-over-year).
- 2022: Revenue of $51K, expenses of $64K, and assets of $107K (revenue +71.6% year-over-year).
- 2021: Revenue of $30K, expenses of $45K, and assets of $100K (revenue -23.4% year-over-year).
- 2020: Revenue of $39K, expenses of $73K, and assets of $106K (revenue -42.9% year-over-year).
- 2019: Revenue of $68K, expenses of $79K, and assets of $119K (revenue -8.4% year-over-year).
- 2018: Revenue of $74K, expenses of $90K, and assets of $132K (revenue +1.7% year-over-year).
- 2017: Revenue of $73K, expenses of $62K, and assets of $143K (revenue -6.3% year-over-year).
- 2016: Revenue of $78K, expenses of $59K, and assets of $125K (revenue +38.9% year-over-year).
- 2015: Revenue of $56K, expenses of $38K, and assets of $97K (revenue +12.9% year-over-year).
- 2014: Revenue of $50K, expenses of $48K, and assets of $81K (revenue -9.3% year-over-year).
- 2013: Revenue of $55K, expenses of $39K, and assets of $75K (revenue -16.1% year-over-year).
- 2012: Revenue of $65K, expenses of $65K, and assets of $48K (revenue -5.3% year-over-year).
- 2011: Revenue of $69K, expenses of $64K, and assets of $53K (revenue -14.5% year-over-year).
- 2010: Revenue of $81K, expenses of $50K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rhode Island Aviation Hall Of Fame Inc:
Data Sources and Methodology
This transparency report for Rhode Island Aviation Hall Of Fame 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.