Rice Voelker Fund For Recovery
Rice Voelker Fund For Recovery faces declining revenue and persistent operational deficits, significantly depleting assets.
EIN: 203437711 · Metairie, LA · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $23K |
| Total Expenses | $32K |
| Program Spending | 70% |
| Net Assets | $7K |
| Transparency Score | 55/100 |
Is Rice Voelker Fund For Recovery Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rice Voelker Fund For Recovery directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Rice Voelker Fund For Recovery
Rice Voelker Fund For Recovery (EIN: 203437711) is a nonprofit organization based in Metairie, LA, classified under NTEE code P20. The organization reported total revenue of $23K and total assets of $7K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rice Voelker Fund For Recovery's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rice Voelker Fund For Recovery is a micro nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -3.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $23K |
| Total Expenses | $32K |
| Surplus / Deficit | $-8,404 |
| Total Assets | $7K |
| Net Assets | $7K |
| Operating Margin | -36.0% |
| Months of Reserves | 2.6 months |
Financial Health Grade: C
In 2022, Rice Voelker Fund For Recovery reported a deficit of $8K with expenses exceeding revenue, holds 2.6 months of operating reserves (limited).
Financial Trends
Over 12 years of filings (2011–2022), Rice Voelker Fund For Recovery's revenue has declined at a compound annual growth rate (CAGR) of -3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -54.4% | -47.0% | -55.3% |
| 2021 | -23.3% | -31.6% | -36.6% |
| 2020 | -17.5% | +63.8% | -46.5% |
| 2019 | +118.7% | +89.1% | +157.7% |
| 2018 | +26.2% | +3.9% | +100.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Rice Voelker Fund For Recovery with a Mission Score of 55 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, Rice Voelker Fund For Recovery allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is not drawing a salary, which is a positive sign for resource allocation.
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 Rice Voelker Fund For Recovery's IRS 990 filings:
- Persistent operational deficits (expenses exceeding revenue) in multiple recent periods (2022, 2021, 2020).
- Significant decline in total assets from $44,809 in 2019 to $6,791 in 2022, indicating unsustainable spending.
- Declining revenue trend from $80,841 in 2019 to $23,321 in 2022, suggesting challenges in fundraising or donor support.
Strengths
The following positive indicators were identified for Rice Voelker Fund For Recovery:
- Consistent transparency with 12 IRS 990 filings available.
- No officer compensation reported across all filings, indicating efficient use of funds at the executive level.
- Zero reported liabilities, demonstrating strong debt management.
Frequently Asked Questions about Rice Voelker Fund For Recovery
Is Rice Voelker Fund For Recovery a legitimate charity?
Rice Voelker Fund For Recovery (EIN: 203437711) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 55/100. It has 12 years of IRS 990 filings on record. Total revenue: $23K. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Rice Voelker Fund For Recovery spend its money?
Rice Voelker Fund For Recovery directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Rice Voelker Fund For Recovery tax-deductible?
Rice Voelker Fund For Recovery is registered as a tax-exempt nonprofit (EIN: 203437711). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Rice Voelker Fund For Recovery's spending goes to programs?
Rice Voelker Fund For Recovery directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Rice Voelker Fund For Recovery compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Rice Voelker Fund For Recovery is near average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rice Voelker Fund For Recovery located?
Rice Voelker Fund For Recovery is headquartered in Metairie, Louisiana and files with the IRS under EIN 203437711. It is classified under NTEE code P20.
How many years of IRS 990 filings does Rice Voelker Fund For Recovery have?
Rice Voelker Fund For Recovery has 12 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 $23K in total revenue.
Is Rice Voelker Fund For Recovery a good charity?
While the organization demonstrates transparency through consistent IRS filings and has no officer compensation, its financial health is concerning due to persistent operational deficits and declining assets. Its ability to sustain its mission long-term is questionable without a reversal of these trends.
Why are the assets decreasing?
The assets are decreasing because the organization has consistently spent more than it has earned in recent years. For example, in 2022, expenses ($31,725) exceeded revenue ($23,321), and similar deficits occurred in 2021 and 2020, drawing down its reserves from $44,809 in 2019 to $6,791 in 2022.
What is the trend in revenue?
Revenue has shown a significant downward trend in recent years, decreasing from a peak of $80,841 in 2019 to $23,321 in 2022, indicating a challenge in securing funding.
How does the organization manage its liabilities?
The organization consistently reports $0 in liabilities across all available filings, which is a strong indicator of sound debt management and financial stability in that regard.
Filing History
IRS 990 filing history for Rice Voelker Fund For Recovery showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Rice Voelker Fund For Recovery's revenue has declined by 29.9%, moving from $33K to $23K. Total assets decreased by 89.3% over the same period, from $63K to $7K. Total functional expenses fell by 17%, from $38K to $32K. In its most recent filing year (2022), Rice Voelker Fund For Recovery reported a deficit of $8K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $23K | $32K | $7K | $0 | — | View 990 |
| 2021 | $51K | $60K | $15K | $0 | — | — |
| 2020 | $67K | $88K | $24K | $0 | — | — |
| 2019 | $81K | $53K | $45K | $0 | — | View 990 |
| 2018 | $37K | $28K | $17K | $0 | — | View 990 |
| 2017 | $29K | $27K | $9K | $0 | — | View 990 |
| 2016 | $16K | $20K | $7K | $0 | — | View 990 |
| 2015 | $15K | $31K | $11K | $0 | — | View 990 |
| 2014 | $37K | $34K | $28K | $0 | — | View 990 |
| 2013 | $24K | $45K | $25K | $0 | — | View 990 |
| 2012 | $42K | $60K | $45K | $0 | — | View 990 |
| 2011 | $33K | $38K | $63K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $23K, expenses of $32K, and assets of $7K (revenue -54.4% year-over-year).
- 2021: Revenue of $51K, expenses of $60K, and assets of $15K (revenue -23.3% year-over-year).
- 2020: Revenue of $67K, expenses of $88K, and assets of $24K (revenue -17.5% year-over-year).
- 2019: Revenue of $81K, expenses of $53K, and assets of $45K (revenue +118.7% year-over-year).
- 2018: Revenue of $37K, expenses of $28K, and assets of $17K (revenue +26.2% year-over-year).
- 2017: Revenue of $29K, expenses of $27K, and assets of $9K (revenue +87.7% year-over-year).
- 2016: Revenue of $16K, expenses of $20K, and assets of $7K (revenue +7.5% year-over-year).
- 2015: Revenue of $15K, expenses of $31K, and assets of $11K (revenue -60.9% year-over-year).
- 2014: Revenue of $37K, expenses of $34K, and assets of $28K (revenue +55.9% year-over-year).
- 2013: Revenue of $24K, expenses of $45K, and assets of $25K (revenue -43.7% year-over-year).
- 2012: Revenue of $42K, expenses of $60K, and assets of $45K (revenue +27.2% year-over-year).
- 2011: Revenue of $33K, expenses of $38K, and assets of $63K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rice Voelker Fund For Recovery:
Data Sources and Methodology
This transparency report for Rice Voelker Fund For Recovery 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.