Rock And Soul Forever Foundation
Rock And Soul Forever Foundation shows inconsistent revenue and expense trends with zero reported officer compensation.
EIN: 205397606 · New York, NY · NTEE: A20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.4M |
| Total Expenses | $2.4M |
| Program Spending | 75% |
| Net Assets | $1.3M |
| Transparency Score | 75/100 |
Is Rock And Soul Forever Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rock And Soul Forever Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rock And Soul Forever Foundation
Rock And Soul Forever Foundation (EIN: 205397606) is a nonprofit organization based in New York, NY, classified under NTEE code A20. The organization reported total revenue of $3.4M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rock And Soul Forever Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rock And Soul Forever Foundation is a mid-size nonprofit that has been operating for 14 years, with 13 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 13.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $2.4M |
| Surplus / Deficit | $-1,107,522 |
| Total Assets | $1.5M |
| Total Liabilities | $192K |
| Net Assets | $1.3M |
| Operating Margin | -83.5% |
| Debt-to-Asset Ratio | 12.7% |
| Months of Reserves | 7.5 months |
Financial Health Grade: B
In 2023, Rock And Soul Forever Foundation reported a deficit of $1.1M with expenses exceeding revenue, holds 7.5 months of operating reserves (strong position), has a debt-to-asset ratio of 12.7% (very low leverage).
Financial Trends
Over 13 years of filings (2010–2023), Rock And Soul Forever Foundation's revenue has grown at a compound annual growth rate (CAGR) of 13.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -50.4% | +28.9% | -51.9% |
| 2022 | +44.4% | +14.3% | +7.5% |
| 2021 | -59.0% | -63.3% | -33.2% |
| 2019 | -51.0% | -51.5% | -15.2% |
| 2018 | +996.0% | +777.1% | +333.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
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 Rock And Soul Forever Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Rock And Soul Forever Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 12.7%.
Executive Compensation Analysis
The Rock And Soul Forever Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of its size and revenue levels.
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 Rock And Soul Forever Foundation's IRS 990 filings:
- Significant year-over-year fluctuations in revenue and expenses, indicating unpredictable financial performance.
- Substantial deficit in 2023, with expenses ($2,433,538) nearly double the revenue ($1,326,016).
- Highly variable asset levels, from $5.1M in 2018 to $1.5M in 2023, suggesting inconsistent financial growth or asset management.
Strengths
The following positive indicators were identified for Rock And Soul Forever Foundation:
- Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds for leadership.
- Extensive filing history (13 filings) demonstrates strong commitment to transparency.
- Reduced liabilities significantly from $3.7M in 2018 to $191,766 in 2023, improving financial health.
Frequently Asked Questions about Rock And Soul Forever Foundation
Is Rock And Soul Forever Foundation a legitimate charity?
Rock And Soul Forever Foundation (EIN: 205397606) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.4M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Rock And Soul Forever Foundation spend its money?
Rock And Soul Forever Foundation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Rock And Soul Forever Foundation tax-deductible?
Rock And Soul Forever Foundation is registered as a tax-exempt nonprofit (EIN: 205397606). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Rock And Soul Forever Foundation's spending goes to programs?
Rock And Soul Forever Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Rock And Soul Forever Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Rock And Soul Forever Foundation is above average for NTEE category A20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rock And Soul Forever Foundation located?
Rock And Soul Forever Foundation is headquartered in New York, New York and files with the IRS under EIN 205397606. It is classified under NTEE code A20.
How many years of IRS 990 filings does Rock And Soul Forever Foundation have?
Rock And Soul Forever Foundation 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 $3.4M in total revenue.
Is Rock And Soul Forever Foundation financially stable?
The organization's financial stability appears inconsistent. While it has significant assets ($1,636,109 latest) and revenue ($3,411,686 latest), it experienced a substantial deficit in 2023 with expenses ($2,433,538) exceeding revenue ($1,326,016), following a surplus in 2022.
How does the organization manage its liabilities?
Liabilities have fluctuated significantly, from a high of $3,716,370 in 2018 to a much lower $191,766 in 2023, suggesting an improvement in managing its financial obligations in recent years.
What is the trend in the organization's revenue?
Revenue has been highly volatile, ranging from a low of $94,010 in 2013 to a high of $9,205,939 in 2018, and most recently $1,326,016 in 2023, indicating an unpredictable funding stream.
Filing History
IRS 990 filing history for Rock And Soul Forever Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2023), Rock And Soul Forever Foundation's revenue has grown by 422.3%, moving from $254K to $1.3M. Total assets increased by 224.1% over the same period, from $467K to $1.5M. Total functional expenses rose by 517.7%, from $394K to $2.4M. In its most recent filing year (2023), Rock And Soul Forever Foundation reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $192K in liabilities against $1.5M in assets (debt-to-asset ratio: 12.7%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $2.4M | $1.5M | $192K | — | — |
| 2022 | $2.7M | $1.9M | $3.1M | $716K | — | View 990 |
| 2021 | $1.9M | $1.7M | $2.9M | $1.3M | — | View 990 |
| 2019 | $4.5M | $4.5M | $4.4M | $2.9M | — | View 990 |
| 2018 | $9.2M | $9.3M | $5.2M | $3.7M | — | View 990 |
| 2017 | $840K | $1.1M | $1.2M | $151K | — | View 990 |
| 2016 | $1.5M | $973K | $1.3M | $8K | — | View 990 |
| 2015 | $316K | $473K | $809K | $101K | — | View 990 |
| 2014 | $663K | $446K | $892K | $12K | — | View 990 |
| 2013 | $94K | $1.0M | $762K | $93K | — | View 990 |
| 2012 | $2.2M | $592K | $1.6M | $9K | — | View 990 |
| 2011 | $139K | $661K | $27K | $441K | — | View 990 |
| 2010 | $254K | $394K | $467K | $358K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $2.4M, and assets of $1.5M (revenue -50.4% year-over-year).
- 2022: Revenue of $2.7M, expenses of $1.9M, and assets of $3.1M (revenue +44.4% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.7M, and assets of $2.9M (revenue -59.0% year-over-year).
- 2019: Revenue of $4.5M, expenses of $4.5M, and assets of $4.4M (revenue -51.0% year-over-year).
- 2018: Revenue of $9.2M, expenses of $9.3M, and assets of $5.2M (revenue +996.0% year-over-year).
- 2017: Revenue of $840K, expenses of $1.1M, and assets of $1.2M (revenue -44.6% year-over-year).
- 2016: Revenue of $1.5M, expenses of $973K, and assets of $1.3M (revenue +379.4% year-over-year).
- 2015: Revenue of $316K, expenses of $473K, and assets of $809K (revenue -52.3% year-over-year).
- 2014: Revenue of $663K, expenses of $446K, and assets of $892K (revenue +604.7% year-over-year).
- 2013: Revenue of $94K, expenses of $1.0M, and assets of $762K (revenue -95.8% year-over-year).
- 2012: Revenue of $2.2M, expenses of $592K, and assets of $1.6M (revenue +1504.2% year-over-year).
- 2011: Revenue of $139K, expenses of $661K, and assets of $27K (revenue -45.3% year-over-year).
- 2010: Revenue of $254K, expenses of $394K, and assets of $467K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rock And Soul Forever Foundation:
Data Sources and Methodology
This transparency report for Rock And Soul Forever 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.