Ritecare Of Minneapolis St Paul Inc
Ritecare Of Minneapolis St Paul Inc maintains stable assets and zero officer compensation amidst fluctuating revenues.
EIN: 200282125 · Minneapolis, MN · NTEE: B92 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $233K |
| Total Expenses | $176K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $865,761. |
| Net Assets | $763K |
| Transparency Score | 92/100 |
Is Ritecare Of Minneapolis St Paul Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ritecare Of Minneapolis St Paul Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ritecare Of Minneapolis St Paul Inc
Ritecare Of Minneapolis St Paul Inc (EIN: 200282125) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code B92. The organization reported total revenue of $233K and total assets of $866K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ritecare Of Minneapolis St Paul Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ritecare Of Minneapolis St Paul Inc is a small nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $217K |
| Total Expenses | $176K |
| Surplus / Deficit | +$41K |
| Total Assets | $786K |
| Total Liabilities | $24K |
| Net Assets | $763K |
| Operating Margin | 19.0% |
| Debt-to-Asset Ratio | 3.0% |
| Months of Reserves | 53.7 months |
Financial Health Grade: A
In 2024, Ritecare Of Minneapolis St Paul Inc reported a surplus of $41K with revenue exceeding expenses, holds 53.7 months of operating reserves (strong position), has a debt-to-asset ratio of 3.0% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Ritecare Of Minneapolis St Paul Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +27.5% | -25.6% | +10.5% |
| 2023 | +8.9% | +26.8% | -5.5% |
| 2022 | -34.6% | -2.9% | -14.1% |
| 2021 | -50.1% | +1.5% | +17.4% |
| 2020 | +176.0% | +12.5% | +63.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Ritecare Of Minneapolis St Paul Inc 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Ritecare Of Minneapolis St Paul Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $41K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size with assets of $865,761.
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 Ritecare Of Minneapolis St Paul Inc's IRS 990 filings:
- Significant revenue fluctuation, peaking at $478,215 in 202006 and then decreasing, which could indicate inconsistent funding sources.
- Expenses exceeded revenue in 202306 ($236,255 expenses vs. $170,047 revenue), resulting in a deficit for that period.
Strengths
The following positive indicators were identified for Ritecare Of Minneapolis St Paul Inc:
- Consistent reporting of 0% officer compensation, indicating high efficiency in directing funds to mission.
- Strong asset growth over the past decade, from $331,579 in 201506 to $865,761 currently.
- Low liabilities relative to assets, demonstrating good financial health and solvency.
- Long history of IRS 990 filings (14 filings), indicating strong transparency and compliance.
Frequently Asked Questions about Ritecare Of Minneapolis St Paul Inc
Is Ritecare Of Minneapolis St Paul Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ritecare Of Minneapolis St Paul Inc (EIN: 200282125) some concerns. Mission Score: 92/100. 2 red flags identified, 4 strengths noted.
How does Ritecare Of Minneapolis St Paul Inc spend its money?
Ritecare Of Minneapolis St Paul Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ritecare Of Minneapolis St Paul Inc tax-deductible?
Ritecare Of Minneapolis St Paul Inc is registered as a tax-exempt nonprofit (EIN: 200282125). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ritecare Of Minneapolis St Paul Inc CEO make?
Ritecare Of Minneapolis St Paul Inc's highest-compensated officer earns $865,761. annually. The organization reported $233K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Ritecare Of Minneapolis St Paul Inc's spending goes to programs?
Ritecare Of Minneapolis St Paul Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ritecare Of Minneapolis St Paul Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Ritecare Of Minneapolis St Paul Inc is above average for NTEE category B92 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ritecare Of Minneapolis St Paul Inc located?
Ritecare Of Minneapolis St Paul Inc is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 200282125. It is classified under NTEE code B92.
How many years of IRS 990 filings does Ritecare Of Minneapolis St Paul Inc have?
Ritecare Of Minneapolis St Paul Inc has 14 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 $233K in total revenue.
Is Ritecare Of Minneapolis St Paul Inc financially stable?
Yes, the organization appears financially stable with consistent asset growth to $865,761 and relatively low liabilities. While there was a deficit in 202306, most other years show positive net income.
How does Ritecare Of Minneapolis St Paul Inc manage executive compensation?
The organization reports 0% officer compensation across all 14 available filings, indicating that no salaries are paid to its officers.
What was the organization's highest revenue year?
The highest reported revenue for Ritecare Of Minneapolis St Paul Inc was $478,215 in the period ending 202006.
Does the organization have significant liabilities?
No, the organization's liabilities are relatively low, with the latest reported at $23,526 against assets of $786,126 in 202406, indicating good solvency.
Filing History
IRS 990 filing history for Ritecare Of Minneapolis St Paul Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Ritecare Of Minneapolis St Paul Inc's revenue has grown by 75.5%, moving from $124K to $217K. Total assets increased by 215.2% over the same period, from $249K to $786K. Total functional expenses rose by 2.9%, from $171K to $176K. In its most recent filing year (2024), Ritecare Of Minneapolis St Paul Inc reported a surplus of $41K, with revenue exceeding expenses. The organization holds $24K in liabilities against $786K in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $763K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $217K | $176K | $786K | $24K | — | — |
| 2023 | $170K | $236K | $712K | $30K | — | View 990 |
| 2022 | $156K | $186K | $753K | $33K | — | View 990 |
| 2021 | $239K | $192K | $876K | $36K | — | — |
| 2020 | $478K | $189K | $746K | $40K | — | — |
| 2019 | $173K | $168K | $457K | $31K | — | View 990 |
| 2018 | $171K | $147K | $471K | $29K | — | View 990 |
| 2017 | $186K | $161K | $426K | $5K | — | View 990 |
| 2016 | $187K | $118K | $396K | $8K | — | View 990 |
| 2015 | $133K | $96K | $332K | $7K | — | View 990 |
| 2014 | $146K | $74K | $295K | $5K | — | View 990 |
| 2013 | $31K | $47K | $217K | $4K | — | View 990 |
| 2012 | $50K | $65K | $232K | $1K | — | View 990 |
| 2011 | $124K | $171K | $249K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $217K, expenses of $176K, and assets of $786K (revenue +27.5% year-over-year).
- 2023: Revenue of $170K, expenses of $236K, and assets of $712K (revenue +8.9% year-over-year).
- 2022: Revenue of $156K, expenses of $186K, and assets of $753K (revenue -34.6% year-over-year).
- 2021: Revenue of $239K, expenses of $192K, and assets of $876K (revenue -50.1% year-over-year).
- 2020: Revenue of $478K, expenses of $189K, and assets of $746K (revenue +176.0% year-over-year).
- 2019: Revenue of $173K, expenses of $168K, and assets of $457K (revenue +1.5% year-over-year).
- 2018: Revenue of $171K, expenses of $147K, and assets of $471K (revenue -8.3% year-over-year).
- 2017: Revenue of $186K, expenses of $161K, and assets of $426K (revenue -0.3% year-over-year).
- 2016: Revenue of $187K, expenses of $118K, and assets of $396K (revenue +40.1% year-over-year).
- 2015: Revenue of $133K, expenses of $96K, and assets of $332K (revenue -8.6% year-over-year).
- 2014: Revenue of $146K, expenses of $74K, and assets of $295K (revenue +371.1% year-over-year).
- 2013: Revenue of $31K, expenses of $47K, and assets of $217K (revenue -38.5% year-over-year).
- 2012: Revenue of $50K, expenses of $65K, and assets of $232K (revenue -59.2% year-over-year).
- 2011: Revenue of $124K, expenses of $171K, and assets of $249K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ritecare Of Minneapolis St Paul Inc:
Data Sources and Methodology
This transparency report for Ritecare Of Minneapolis St Paul Inc 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.