Rsf Social Finance Inc
Rsf Social Finance Inc consistently reports 0% officer compensation amidst fluctuating revenues and stable asset growth.
EIN: 136082763 · San Francisco, CA · NTEE: V210 · Updated: 2026-03-28
Is Rsf Social Finance Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rsf Social Finance Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rsf Social Finance Inc
Rsf Social Finance Inc (EIN: 136082763) is a nonprofit organization based in San Francisco, CA, classified under NTEE code V210. The organization reported total revenue of $82.2M and total assets of $108.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rsf Social Finance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rsf Social Finance Inc is a major nonprofit that has been operating for 84 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $51.9M |
| Total Expenses | $48.3M |
| Surplus / Deficit | +$3.6M |
| Total Assets | $129.5M |
| Total Liabilities | $42.0M |
| Net Assets | $87.5M |
| Operating Margin | 6.9% |
| Debt-to-Asset Ratio | 32.4% |
| Months of Reserves | 32.2 months |
Financial Health Grade: A
In 2023, Rsf Social Finance Inc reported a surplus of $3.6M with revenue exceeding expenses, holds 32.2 months of operating reserves (strong position), has a debt-to-asset ratio of 32.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Rsf Social Finance Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +46.5% | +8.9% | +0.4% |
| 2022 | -27.0% | -10.5% | -11.2% |
| 2021 | -19.4% | +4.8% | -1.5% |
| 2020 | +63.7% | +35.4% | +0.4% |
| 2019 | -61.7% | +19.1% | -29.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1942 |
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 Rsf Social Finance Inc 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Rsf Social Finance Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 surplus of $3.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 32.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no compensation is paid to officers, which is highly unusual for an organization of this size with assets exceeding $100 million in most years.
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 Rsf Social Finance Inc's IRS 990 filings:
- Significant year-over-year revenue volatility, which could indicate reliance on unpredictable funding sources or project cycles.
- Unusually low administrative and fundraising expenses for an organization of this scale, which might warrant further inquiry into how these costs are categorized or managed.
Strengths
The following positive indicators were identified for Rsf Social Finance Inc:
- Consistent reporting of 0% officer compensation, demonstrating a strong commitment to directing funds to mission.
- Healthy asset-to-liability ratio, indicating strong financial stability and capacity.
- Generally strong program spending focus, as implied by the low administrative and fundraising costs.
- Long filing history (13 filings) indicates sustained operation and compliance.
Frequently Asked Questions about Rsf Social Finance Inc
Is Rsf Social Finance Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rsf Social Finance Inc (EIN: 136082763) some concerns. Mission Score: 95/100. 2 red flags identified, 4 strengths noted.
How does Rsf Social Finance Inc spend its money?
Rsf Social Finance Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rsf Social Finance Inc tax-deductible?
Rsf Social Finance Inc is registered as a tax-exempt nonprofit (EIN: 136082763). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Rsf Social Finance Inc manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that key leadership roles might be filled by volunteers, compensated through other means not classified as officer compensation on the 990, or that the organization has a unique operational model where executive salaries are not a direct expense in this category. Further investigation into their operational structure would be needed to fully understand this.
What caused the significant revenue fluctuation, such as $96M in 2018 versus $35M in 2022?
As a social finance organization, revenue can be highly dependent on the volume and success of their lending, investment, or grant-making activities, as well as market conditions. Large fluctuations could be due to specific large-scale projects, investment returns, or changes in funding sources in particular years.
Is the organization financially sustainable given years where expenses exceed revenue?
While there are years where expenses exceeded revenue (e.g., 2022: Revenue=$35M, Expenses=$44M), the organization consistently maintains substantial assets (e.g., $128M in 2022) and a healthy asset-to-liability ratio. This suggests they have reserves or other financial mechanisms to cover shortfalls in specific periods, indicating overall financial resilience.
Filing History
IRS 990 filing history for Rsf Social Finance Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rsf Social Finance Inc's revenue has grown by 331%, moving from $12.0M to $51.9M. Total assets decreased by 3.8% over the same period, from $134.7M to $129.5M. Total functional expenses rose by 469.9%, from $8.5M to $48.3M. In its most recent filing year (2023), Rsf Social Finance Inc reported a surplus of $3.6M, with revenue exceeding expenses. The organization holds $42.0M in liabilities against $129.5M in assets (debt-to-asset ratio: 32.4%), resulting in net assets of $87.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $51.9M | $48.3M | $129.5M | $42.0M | — | — |
| 2022 | $35.4M | $44.4M | $129.0M | $44.8M | — | View 990 |
| 2021 | $48.6M | $49.6M | $145.2M | $50.3M | — | View 990 |
| 2020 | $60.3M | $47.3M | $147.4M | $51.8M | — | View 990 |
| 2019 | $36.8M | $35.0M | $146.9M | $64.4M | — | View 990 |
| 2018 | $96.1M | $29.4M | $207.4M | $66.9M | — | View 990 |
| 2017 | $35.9M | $24.6M | $137.5M | $64.1M | — | View 990 |
| 2016 | $23.5M | $16.4M | $113.9M | $52.9M | — | View 990 |
| 2015 | $21.3M | $12.4M | $89.0M | $33.6M | — | View 990 |
| 2014 | $16.7M | $11.5M | $179.1M | $111.0M | — | View 990 |
| 2013 | $12.3M | $12.2M | $163.3M | $101.9M | — | View 990 |
| 2012 | $13.8M | $9.5M | $152.3M | $91.9M | — | View 990 |
| 2011 | $12.0M | $8.5M | $134.7M | $77.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $51.9M, expenses of $48.3M, and assets of $129.5M (revenue +46.5% year-over-year).
- 2022: Revenue of $35.4M, expenses of $44.4M, and assets of $129.0M (revenue -27.0% year-over-year).
- 2021: Revenue of $48.6M, expenses of $49.6M, and assets of $145.2M (revenue -19.4% year-over-year).
- 2020: Revenue of $60.3M, expenses of $47.3M, and assets of $147.4M (revenue +63.7% year-over-year).
- 2019: Revenue of $36.8M, expenses of $35.0M, and assets of $146.9M (revenue -61.7% year-over-year).
- 2018: Revenue of $96.1M, expenses of $29.4M, and assets of $207.4M (revenue +167.8% year-over-year).
- 2017: Revenue of $35.9M, expenses of $24.6M, and assets of $137.5M (revenue +52.9% year-over-year).
- 2016: Revenue of $23.5M, expenses of $16.4M, and assets of $113.9M (revenue +10.4% year-over-year).
- 2015: Revenue of $21.3M, expenses of $12.4M, and assets of $89.0M (revenue +27.4% year-over-year).
- 2014: Revenue of $16.7M, expenses of $11.5M, and assets of $179.1M (revenue +35.8% year-over-year).
- 2013: Revenue of $12.3M, expenses of $12.2M, and assets of $163.3M (revenue -10.9% year-over-year).
- 2012: Revenue of $13.8M, expenses of $9.5M, and assets of $152.3M (revenue +14.5% year-over-year).
- 2011: Revenue of $12.0M, expenses of $8.5M, and assets of $134.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rsf Social Finance Inc:
Data Sources and Methodology
This transparency report for Rsf Social Finance 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.