Rhode Island Elite
EIN: 475610630 · Johnston, RI · NTEE: N60
| Metric | Value |
|---|---|
| Total Expenses | $20K |
| Net Assets | $-13,590 |
Is Rhode Island Elite Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Rhode Island Elite
Rhode Island Elite (EIN: 475610630) is a nonprofit organization based in Johnston, RI, classified under NTEE code N60. 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 Elite's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rhode Island Elite is a micro nonprofit that has been operating for 2 years.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $6K |
| Total Expenses | $20K |
| Surplus / Deficit | $-13,590 |
| Total Assets | $333 |
| Total Liabilities | $14K |
| Net Assets | $-13,590 |
| Operating Margin | -225.8% |
| Debt-to-Asset Ratio | 4181.1% |
| Months of Reserves | 0.2 months |
Financial Health Grade: D
In 2016, Rhode Island Elite reported a deficit of $14K with expenses exceeding revenue, holds 0.2 months of operating reserves (limited), has a debt-to-asset ratio of 4181.1% (high leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2024 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rhode Island Elite 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 Rhode Island Elite 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 (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4181.1%.
Frequently Asked Questions about Rhode Island Elite
Is Rhode Island Elite a legitimate charity?
Rhode Island Elite (EIN: 475610630) is a registered tax-exempt nonprofit based in Rhode Island. No red flags identified. Financial health grade: D.
How does Rhode Island Elite spend its money?
Rhode Island Elite reported its financials in IRS 990 filings. 1 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Rhode Island Elite tax-deductible?
Rhode Island Elite is registered as a tax-exempt nonprofit (EIN: 475610630). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rhode Island Elite located?
Rhode Island Elite is headquartered in Johnston, Rhode Island and files with the IRS under EIN 475610630. It is classified under NTEE code N60.
Filing History
IRS 990 filing history for Rhode Island Elite showing financial trends over 1 year of public records:
In its most recent filing year (2016), Rhode Island Elite reported a deficit of $14K, with expenses exceeding revenue. The organization holds $14K in liabilities against $333 in assets (debt-to-asset ratio: 4181.1%), resulting in net assets of $-13,590.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $6K | $20K | $333 | $14K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rhode Island Elite:
Data Sources and Methodology
This transparency report for Rhode Island Elite 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.