Richard J Rahar Memorial Fund
Small Memorial Fund with Inconsistent Financials
EIN: 222713046 · Providence, RI · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $27K |
| Total Expenses | $5K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $79K |
| Transparency Score | 45/100 |
Is Richard J Rahar Memorial Fund Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Richard J Rahar Memorial Fund directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Richard J Rahar Memorial Fund
Richard J Rahar Memorial Fund (EIN: 222713046) is a nonprofit organization based in Providence, RI. The organization reported total revenue of $27K and total assets of $79K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Richard J Rahar Memorial Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Richard J Rahar Memorial Fund is a micro nonprofit, with 7 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $6K |
| Total Expenses | $5K |
| Surplus / Deficit | +$860 |
| Total Assets | $79K |
| Total Liabilities | $1 |
| Net Assets | $79K |
| Operating Margin | 14.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 187.5 months |
Financial Health Grade: A
In 2020, Richard J Rahar Memorial Fund reported a surplus of $860 with revenue exceeding expenses, holds 187.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2020), Richard J Rahar Memorial Fund's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +25.1% | -27.9% | +1.1% |
| 2019 | +52.1% | +37.8% | -10.4% |
| 2014 | -112.5% | -14.5% | -5.6% |
| 2013 | +125.6% | +27.5% | +9.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
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 Richard J Rahar Memorial Fund 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, Richard J Rahar Memorial Fund allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $860, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting an entirely volunteer-run organization or that compensation is covered by an external entity.
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 Richard J Rahar Memorial Fund's IRS 990 filings:
- Revenue in 2014 was negative (-$1,786), which is unusual and unexplained in the provided data.
- The 'nt' (nonprofit type) field is marked with '?', indicating a lack of clear classification or mission statement.
- Significant year-over-year variance in expenses (e.g., $7,002 in 2019 vs. $5,051 in 2020) without clear explanation.
Strengths
The following positive indicators were identified for Richard J Rahar Memorial Fund:
- Consistent reporting of 0% compensation indicates a strong commitment to minimizing administrative overhead.
- Maintains a positive asset base despite fluctuating revenues.
Frequently Asked Questions about Richard J Rahar Memorial Fund
Is Richard J Rahar Memorial Fund a legitimate charity?
Richard J Rahar Memorial Fund (EIN: 222713046) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 45/100. It has 7 years of IRS 990 filings on record. Total revenue: $27K. 3 red flags identified. 2 strengths noted. Financial health grade: A.
How does Richard J Rahar Memorial Fund spend its money?
Richard J Rahar Memorial Fund directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Richard J Rahar Memorial Fund tax-deductible?
Richard J Rahar Memorial Fund is registered as a tax-exempt nonprofit (EIN: 222713046). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Richard J Rahar Memorial Fund CEO make?
Richard J Rahar Memorial Fund's highest-compensated officer earns $0 annually. The organization reported $27K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Richard J Rahar Memorial Fund's spending goes to programs?
Richard J Rahar Memorial Fund directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Richard J Rahar Memorial Fund located?
Richard J Rahar Memorial Fund is headquartered in Providence, Rhode Island and files with the IRS under EIN 222713046.
How many years of IRS 990 filings does Richard J Rahar Memorial Fund have?
Richard J Rahar Memorial Fund has 7 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 $27K in total revenue.
What does Richard J Rahar Memorial Fund do?
Richard J Rahar Memorial Fund is a nonprofit organization in the Unknown sector, located in Providence, Rhode Island. It is classified under NTEE code Unknown.
How much revenue does Richard J Rahar Memorial Fund have?
Richard J Rahar Memorial Fund reported total revenue of $26,675. Based on 7 IRS 990 filings on record.
What are Richard J Rahar Memorial Fund's total assets?
Richard J Rahar Memorial Fund holds total assets of $78,910 as reported in IRS 990 filings.
Where is Richard J Rahar Memorial Fund located?
Richard J Rahar Memorial Fund is based in Providence, Rhode Island.
What is Richard J Rahar Memorial Fund's EIN?
Richard J Rahar Memorial Fund's Employer Identification Number (EIN) is 222713046. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Richard J Rahar Memorial Fund?
Richard J Rahar Memorial Fund is classified under NTEE code Unknown (Unknown).
Is Richard J Rahar Memorial Fund a registered 501(c)(3)?
Richard J Rahar Memorial Fund appears in IRS records (EIN: 222713046). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Richard J Rahar Memorial Fund file IRS Form 990?
Yes, Richard J Rahar Memorial Fund has 7 IRS Form 990 filings on record. The most recent covers tax period 202012.
What was Richard J Rahar Memorial Fund's revenue in 2020?
In the 202012 filing period, Richard J Rahar Memorial Fund reported total revenue of $5,911, total expenses of $5,051, and net assets of $78,910.
Is Richard J Rahar Memorial Fund's revenue growing or declining?
Richard J Rahar Memorial Fund's revenue is growing. Revenue went from $4,724 (201912) to $5,911 (202012), a +25.1% change. Based on 7 filings on record.
What is Richard J Rahar Memorial Fund's most recent 990 filing?
The most recent IRS Form 990 filing for Richard J Rahar Memorial Fund covers tax period 202012. It shows revenue of $5,911, expenses of $5,051, total assets of $78,910, and liabilities of $1.
How much does Richard J Rahar Memorial Fund spend on programs vs administration?
Based on IRS 990 analysis, Richard J Rahar Memorial Fund allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Richard J Rahar Memorial Fund a trustworthy charity?
Based on AI analysis of IRS 990 data, Richard J Rahar Memorial Fund shows mixed signals. Mission Score: 45/100 (Fair). 3 red flags identified. 2 strengths noted.
What are the red flags for Richard J Rahar Memorial Fund?
The following concerns were identified: Revenue in 2014 was negative (-$1,786), which is unusual and unexplained in the provided data.. The 'nt' (nonprofit type) field is marked with '?', indicating a lack of clear classification or mission statement.. Significant year-over-year variance in expenses (e.g., $7,002 in 2019 vs. $5,051 in 2020) without clear explanation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Richard J Rahar Memorial Fund's strengths?
Positive indicators for Richard J Rahar Memorial Fund include: Consistent reporting of 0% compensation indicates a strong commitment to minimizing administrative overhead.. Maintains a positive asset base despite fluctuating revenues.. These findings are derived from AI analysis of the organization's financial filings.
How does Richard J Rahar Memorial Fund compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting an entirely volunteer-run organization or that compensation is covered by an external entity. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the negative revenue in 2014 and the subsequent recovery, what specific financial events or decisions led to such a significant deficit and how was it overcome?
The provided data does not offer details on the cause of the -$1,786 revenue in 2014 or the recovery strategy. Further investigation into their detailed financial statements for that period would be necessary.
With 0% reported compensation, how does the organization sustain its operations and ensure leadership continuity?
The 0% compensation suggests that all operational and leadership roles are filled by volunteers. Sustainability would depend heavily on the dedication of these volunteers and potentially external, non-monetary support.
Filing History
IRS 990 filing history for Richard J Rahar Memorial Fund showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2020), Richard J Rahar Memorial Fund's revenue has grown by 5.8%, moving from $6K to $6K. Total assets decreased by 7.7% over the same period, from $86K to $79K. Total functional expenses fell by 1.6%, from $5K to $5K. In its most recent filing year (2020), Richard J Rahar Memorial Fund reported a surplus of $860, with revenue exceeding expenses. The organization holds $1 in liabilities against $79K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $79K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $6K | $5K | $79K | $1 | — | — |
| 2019 | $5K | $7K | $78K | $1 | — | View 990 |
| 2015 | $3K | $5K | $87K | $0 | — | View 990 |
| 2014 | $-1,786 | $5K | $89K | $0 | — | View 990 |
| 2013 | $14K | $6K | $94K | $0 | — | View 990 |
| 2012 | $6K | $5K | $87K | $0 | — | View 990 |
| 2011 | $6K | $5K | $86K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $6K, expenses of $5K, and assets of $79K (revenue +25.1% year-over-year).
- 2019: Revenue of $5K, expenses of $7K, and assets of $78K (revenue +52.1% year-over-year).
- 2015: Revenue of $3K, expenses of $5K, and assets of $87K.
- 2014: Revenue of $-1,786, expenses of $5K, and assets of $89K (revenue -112.5% year-over-year).
- 2013: Revenue of $14K, expenses of $6K, and assets of $94K (revenue +125.6% year-over-year).
- 2012: Revenue of $6K, expenses of $5K, and assets of $87K (revenue +13.4% year-over-year).
- 2011: Revenue of $6K, expenses of $5K, and assets of $86K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Richard J Rahar Memorial Fund:
Data Sources and Methodology
This transparency report for Richard J Rahar Memorial Fund 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.