Riboa Scholarship Fund And Charitable Foundation Corp
EIN: 823289627 · Cranston, RI · NTEE: N62
| Metric | Value |
|---|---|
| Total Revenue | $30K |
| Total Expenses | $46K |
| Net Assets | $35K |
Is Riboa Scholarship Fund And Charitable Foundation Corp Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Riboa Scholarship Fund And Charitable Foundation Corp
Riboa Scholarship Fund And Charitable Foundation Corp (EIN: 823289627) is a nonprofit organization based in Cranston, RI, classified under NTEE code N62. The organization reported total revenue of $30K and total assets of $23K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Riboa Scholarship Fund And Charitable Foundation Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Riboa Scholarship Fund And Charitable Foundation Corp is a micro nonprofit that has been operating for 2 years.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $31K |
| Total Expenses | $46K |
| Surplus / Deficit | $-15,029 |
| Total Assets | $35K |
| Net Assets | $35K |
| Operating Margin | -48.3% |
| Months of Reserves | 9.0 months |
Financial Health Grade: B
In 2024, Riboa Scholarship Fund And Charitable Foundation Corp reported a deficit of $15K with expenses exceeding revenue, holds 9.0 months of operating reserves (strong position).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2024 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Riboa Scholarship Fund And Charitable Foundation Corp 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 Riboa Scholarship Fund And Charitable Foundation Corp 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15K, with expenses exceeding revenue.
Frequently Asked Questions about Riboa Scholarship Fund And Charitable Foundation Corp
Is Riboa Scholarship Fund And Charitable Foundation Corp a legitimate charity?
Riboa Scholarship Fund And Charitable Foundation Corp (EIN: 823289627) is a registered tax-exempt nonprofit based in Rhode Island. Total revenue: $30K. No red flags identified. Financial health grade: B.
How does Riboa Scholarship Fund And Charitable Foundation Corp spend its money?
Riboa Scholarship Fund And Charitable Foundation Corp reported $30K in total revenue 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 Riboa Scholarship Fund And Charitable Foundation Corp tax-deductible?
Riboa Scholarship Fund And Charitable Foundation Corp is registered as a tax-exempt nonprofit (EIN: 823289627). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Riboa Scholarship Fund And Charitable Foundation Corp located?
Riboa Scholarship Fund And Charitable Foundation Corp is headquartered in Cranston, Rhode Island and files with the IRS under EIN 823289627. It is classified under NTEE code N62.
Filing History
IRS 990 filing history for Riboa Scholarship Fund And Charitable Foundation Corp showing financial trends over 1 year of public records:
In its most recent filing year (2024), Riboa Scholarship Fund And Charitable Foundation Corp reported a deficit of $15K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $31K | $46K | $35K | $0 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Riboa Scholarship Fund And Charitable Foundation Corp:
Data Sources and Methodology
This transparency report for Riboa Scholarship Fund And Charitable Foundation Corp 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.