Rio Grande Food Project
Rio Grande Food Project consistently directs funds to programs with zero officer compensation.
EIN: 201667103 · Albuquerque, NM · NTEE: K30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $1.3M |
| Program Spending | 85% |
| Net Assets | $768K |
| Transparency Score | 92/100 |
Is Rio Grande Food Project Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rio Grande Food Project directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rio Grande Food Project
Rio Grande Food Project (EIN: 201667103) is a nonprofit organization based in Albuquerque, NM, classified under NTEE code K30. The organization reported total revenue of $2.0M and total assets of $839K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rio Grande Food Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rio Grande Food Project is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$24K |
| Total Assets | $955K |
| Total Liabilities | $187K |
| Net Assets | $768K |
| Operating Margin | 1.9% |
| Debt-to-Asset Ratio | 19.6% |
| Months of Reserves | 9.1 months |
Financial Health Grade: A
In 2023, Rio Grande Food Project reported a surplus of $24K with revenue exceeding expenses, holds 9.1 months of operating reserves (strong position), has a debt-to-asset ratio of 19.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Rio Grande Food Project's revenue has grown at a compound annual growth rate (CAGR) of 13.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.6% | +1.0% | +7.7% |
| 2022 | -20.2% | -13.5% | +4.7% |
| 2021 | -18.7% | -22.9% | +13.4% |
| 2020 | -18.0% | -20.5% | +23.0% |
| 2019 | +28.6% | +36.4% | +10.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Rio Grande Food Project with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Rio Grande Food Project allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $24K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for donor perception and 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.
Strengths
The following positive indicators were identified for Rio Grande Food Project:
- Consistent 0% officer compensation, indicating volunteer leadership or highly efficient compensation practices.
- Strong asset growth from $326,519 in 2015 to $954,614 in 2023, demonstrating financial stability.
- Effective expense management, with expenses consistently close to revenue, indicating efficient use of funds.
- Low liabilities relative to assets, suggesting a healthy financial position.
- Long filing history (13 filings) indicates consistent compliance and transparency.
Frequently Asked Questions about Rio Grande Food Project
Is Rio Grande Food Project a legitimate charity?
Based on AI analysis of IRS 990 filings, Rio Grande Food Project (EIN: 201667103) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Rio Grande Food Project spend its money?
Rio Grande Food Project directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rio Grande Food Project tax-deductible?
Rio Grande Food Project is registered as a tax-exempt nonprofit (EIN: 201667103). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Rio Grande Food Project's spending goes to programs?
Rio Grande Food Project directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Rio Grande Food Project compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Rio Grande Food Project is above average for NTEE category K30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rio Grande Food Project located?
Rio Grande Food Project is headquartered in Albuquerque, New Mexico and files with the IRS under EIN 201667103. It is classified under NTEE code K30.
How many years of IRS 990 filings does Rio Grande Food Project have?
Rio Grande Food Project has 13 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 $2.0M in total revenue.
Is Rio Grande Food Project a good charity?
Based on the available financial data, the Rio Grande Food Project appears to be a very good charity. It demonstrates strong financial health, consistent growth in assets, and a clear commitment to its mission, evidenced by its 0% officer compensation and effective expense management.
How has the organization's revenue trended over time?
The organization's revenue has fluctuated, peaking at $2,407,479 in 2019 and then decreasing to $1,287,617 in 2023. Despite the recent decrease, it has maintained stable operations and grown its assets.
What is the organization's asset growth like?
The organization has shown consistent asset growth, increasing from $326,519 in 2015 to $954,614 in 2023, indicating strong financial stewardship and an ability to build reserves.
Does the organization have significant liabilities?
Liabilities have remained relatively low compared to assets, with the highest reported at $186,845 in 2023 against assets of $954,614, suggesting a healthy balance sheet.
Filing History
IRS 990 filing history for Rio Grande Food Project showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rio Grande Food Project's revenue has grown by 342.3%, moving from $291K to $1.3M. Total assets increased by 295% over the same period, from $242K to $955K. Total functional expenses rose by 640.4%, from $171K to $1.3M. In its most recent filing year (2023), Rio Grande Food Project reported a surplus of $24K, with revenue exceeding expenses. The organization holds $187K in liabilities against $955K in assets (debt-to-asset ratio: 19.6%), resulting in net assets of $768K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.3M | $955K | $187K | — | View 990 |
| 2022 | $1.3M | $1.3M | $887K | $115K | — | View 990 |
| 2021 | $1.6M | $1.4M | $847K | $55K | — | View 990 |
| 2020 | $2.0M | $1.9M | $747K | $113K | — | View 990 |
| 2019 | $2.4M | $2.4M | $607K | $73K | — | View 990 |
| 2018 | $1.9M | $1.7M | $550K | $64K | — | View 990 |
| 2017 | $1.7M | $1.7M | $407K | $64K | — | View 990 |
| 2016 | $802K | $789K | $356K | $37K | — | View 990 |
| 2015 | $879K | $856K | $327K | $21K | — | View 990 |
| 2014 | $794K | $710K | $335K | $52K | — | View 990 |
| 2013 | $492K | $527K | $204K | $12K | — | View 990 |
| 2012 | $437K | $442K | $230K | $3K | — | View 990 |
| 2011 | $291K | $171K | $242K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.3M, and assets of $955K (revenue +0.6% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.3M, and assets of $887K (revenue -20.2% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.4M, and assets of $847K (revenue -18.7% year-over-year).
- 2020: Revenue of $2.0M, expenses of $1.9M, and assets of $747K (revenue -18.0% year-over-year).
- 2019: Revenue of $2.4M, expenses of $2.4M, and assets of $607K (revenue +28.6% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.7M, and assets of $550K (revenue +10.1% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.7M, and assets of $407K (revenue +112.1% year-over-year).
- 2016: Revenue of $802K, expenses of $789K, and assets of $356K (revenue -8.8% year-over-year).
- 2015: Revenue of $879K, expenses of $856K, and assets of $327K (revenue +10.8% year-over-year).
- 2014: Revenue of $794K, expenses of $710K, and assets of $335K (revenue +61.2% year-over-year).
- 2013: Revenue of $492K, expenses of $527K, and assets of $204K (revenue +12.6% year-over-year).
- 2012: Revenue of $437K, expenses of $442K, and assets of $230K (revenue +50.2% year-over-year).
- 2011: Revenue of $291K, expenses of $171K, and assets of $242K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rio Grande Food Project:
Data Sources and Methodology
This transparency report for Rio Grande Food Project 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.