Rita Allen Foundation
Rita Allen Foundation consistently expends more than annual revenue, drawing from a substantial endowment with minimal liabilities and no reported officer compensation.
EIN: 136116429 · Princeton, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $63.4M |
| Total Expenses | $10.6M |
| Program Spending | 90% |
| Net Assets | $189.9M |
| Transparency Score | 95/100 |
Is Rita Allen Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rita Allen Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rita Allen Foundation
Rita Allen Foundation (EIN: 136116429) is a nonprofit organization based in Princeton, NJ. The organization reported total revenue of $63.4M and total assets of $203.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rita Allen Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rita Allen Foundation is a major nonprofit that has been operating for 70 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.3M |
| Total Expenses | $10.6M |
| Surplus / Deficit | $-2,221,688 |
| Total Assets | $189.9M |
| Total Liabilities | $1 |
| Net Assets | $189.9M |
| Operating Margin | -26.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 215.7 months |
Financial Health Grade: B
In 2023, Rita Allen Foundation reported a deficit of $2.2M with expenses exceeding revenue, holds 215.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Rita Allen Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.6% | -6.1% | +8.1% |
| 2022 | -68.1% | +14.3% | -19.8% |
| 2021 | +272.2% | -2.5% | +14.0% |
| 2020 | -4.1% | +7.1% | +4.9% |
| 2019 | +183.4% | +3.2% | +20.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1956 |
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 Rita Allen Foundation with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, Rita Allen Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 deficit of $2.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Rita Allen Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual and suggests a strong commitment to directing all funds towards its mission.
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 Rita Allen Foundation's IRS 990 filings:
- Consistent annual expenses exceeding revenue, though this is typical for endowed foundations drawing from principal.
Strengths
The following positive indicators were identified for Rita Allen Foundation:
- Strong asset base ($189,867,123 in 2023) providing long-term stability.
- Consistently minimal liabilities (often $1), indicating excellent financial health.
- 0% officer compensation reported across all filings, demonstrating a strong commitment to mission-focused spending.
- Ability to maintain program spending even in years with lower revenue, due to substantial endowment.
- Long-term growth in assets from $137M in 2011 to $189M in 2023.
Frequently Asked Questions about Rita Allen Foundation
Is Rita Allen Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Rita Allen Foundation (EIN: 136116429) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Rita Allen Foundation spend its money?
Rita Allen Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rita Allen Foundation tax-deductible?
Rita Allen Foundation is registered as a tax-exempt nonprofit (EIN: 136116429). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rita Allen Foundation located?
Rita Allen Foundation is headquartered in Princeton, New Jersey and files with the IRS under EIN 136116429.
How many years of IRS 990 filings does Rita Allen Foundation have?
Rita Allen Foundation has 10 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 $63.4M in total revenue.
Is the Rita Allen Foundation financially stable?
Yes, the Rita Allen Foundation is financially stable. With assets of $189,867,123 in 2023 and consistently minimal liabilities (often $1), the foundation possesses a robust endowment that allows it to fund its operations and programs even when annual expenses exceed revenue, as seen in 2023 ($10,562,214 expenses vs. $8,340,526 revenue).
How does the Rita Allen Foundation manage its expenses relative to its revenue?
The Rita Allen Foundation frequently expends more than its annual revenue, a common strategy for endowed foundations. For example, in 2023, expenses were $10,562,214 while revenue was $8,340,526. This indicates a reliance on its substantial asset base to support its grantmaking and operational costs.
What is the transparency level regarding executive compensation?
The Rita Allen Foundation demonstrates exceptional transparency regarding executive compensation, reporting 0% officer compensation across all ten available IRS 990 filings. This suggests that no salaries are paid to officers, which is a very strong positive indicator for donors.
Has the foundation's asset base grown over time?
Yes, the foundation's asset base has shown significant growth over the long term, increasing from $137,026,697 in 2011 to $189,867,123 in 2023, despite some year-to-year fluctuations (e.g., a peak of $219,012,203 in 2021).
Are there any significant financial liabilities?
No, the Rita Allen Foundation consistently reports extremely low liabilities, often as low as $1 in recent years, indicating a very healthy balance sheet and minimal financial risk.
Filing History
IRS 990 filing history for Rita Allen Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Rita Allen Foundation's revenue has declined by 7.8%, moving from $9.0M to $8.3M. Total assets increased by 38.6% over the same period, from $137.0M to $189.9M. Total functional expenses rose by 45.5%, from $7.3M to $10.6M. In its most recent filing year (2023), Rita Allen Foundation reported a deficit of $2.2M, with expenses exceeding revenue. The organization holds $1 in liabilities against $189.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $189.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.3M | $10.6M | $189.9M | $1 | — | — |
| 2022 | $7.6M | $11.2M | $175.6M | $1 | — | — |
| 2021 | $23.9M | $9.8M | $219.0M | $1 | — | View 990 |
| 2020 | $6.4M | $10.1M | $192.2M | $1 | — | View 990 |
| 2019 | $6.7M | $9.4M | $183.1M | $1 | — | — |
| 2015 | $2.4M | $9.1M | $152.2M | $0 | — | View 990 |
| 2014 | $2.3M | $1.2M | $168.9M | $0 | — | View 990 |
| 2013 | $5.6M | $7.7M | $132.8M | $115K | — | View 990 |
| 2012 | $5.6M | $7.6M | $134.9M | $40K | — | View 990 |
| 2011 | $9.0M | $7.3M | $137.0M | $110K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.3M, expenses of $10.6M, and assets of $189.9M (revenue +9.6% year-over-year).
- 2022: Revenue of $7.6M, expenses of $11.2M, and assets of $175.6M (revenue -68.1% year-over-year).
- 2021: Revenue of $23.9M, expenses of $9.8M, and assets of $219.0M (revenue +272.2% year-over-year).
- 2020: Revenue of $6.4M, expenses of $10.1M, and assets of $192.2M (revenue -4.1% year-over-year).
- 2019: Revenue of $6.7M, expenses of $9.4M, and assets of $183.1M (revenue +183.4% year-over-year).
- 2015: Revenue of $2.4M, expenses of $9.1M, and assets of $152.2M (revenue +0.7% year-over-year).
- 2014: Revenue of $2.3M, expenses of $1.2M, and assets of $168.9M (revenue -57.8% year-over-year).
- 2013: Revenue of $5.6M, expenses of $7.7M, and assets of $132.8M (revenue -0.4% year-over-year).
- 2012: Revenue of $5.6M, expenses of $7.6M, and assets of $134.9M (revenue -38.4% year-over-year).
- 2011: Revenue of $9.0M, expenses of $7.3M, and assets of $137.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rita Allen Foundation:
Data Sources and Methodology
This transparency report for Rita Allen Foundation 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.