Rudisill Family Foundation
Rudisill Family Foundation maintains strong asset growth and zero executive compensation over a decade.
EIN: 204877778 · Writsvlle Bch, NC · NTEE: T22 · Updated: 2026-03-28
Is Rudisill Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rudisill Family Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rudisill Family Foundation
Rudisill Family Foundation (EIN: 204877778) is a nonprofit organization based in Writsvlle Bch, NC, classified under NTEE code T22. The organization reported total revenue of $5.5M and total assets of $7.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rudisill Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rudisill Family Foundation is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $545K |
| Total Expenses | $363K |
| Surplus / Deficit | +$182K |
| Total Assets | $5.2M |
| Total Liabilities | $10K |
| Net Assets | $5.2M |
| Operating Margin | 33.5% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 172.6 months |
Financial Health Grade: A
In 2023, Rudisill Family Foundation reported a surplus of $182K with revenue exceeding expenses, holds 172.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Rudisill Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -32.3% | +7.8% | +3.4% |
| 2022 | -59.4% | +28.4% | +6.3% |
| 2021 | +263.9% | +3.6% | +45.7% |
| 2020 | -34.0% | +3.9% | +7.0% |
| 2019 | +115.6% | +27.8% | +51.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Rudisill Family Foundation 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Rudisill Family Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $182K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the foundation operates without paid officers or that officers are compensated through other means not reported as direct compensation, which is highly unusual for an organization with assets exceeding $5 million. This suggests a volunteer-driven leadership model, which is a significant strength for donor trust.
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 Rudisill Family Foundation's IRS 990 filings:
- Lack of detailed expense breakdown (e.g., program vs. admin) in provided data makes precise efficiency calculation difficult without full 990s.
Strengths
The following positive indicators were identified for Rudisill Family Foundation:
- Consistent asset growth from $1.9M in 2011 to $5.2M in 2023.
- Zero officer compensation reported across all filings, indicating high efficiency and volunteer leadership.
- Very low liabilities across all reporting periods, demonstrating strong financial management.
- Consistent revenue generation, often significantly exceeding expenses, allowing for mission growth.
Frequently Asked Questions about Rudisill Family Foundation
Is Rudisill Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Rudisill Family Foundation (EIN: 204877778) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Rudisill Family Foundation spend its money?
Rudisill Family Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rudisill Family Foundation tax-deductible?
Rudisill Family Foundation is registered as a tax-exempt nonprofit (EIN: 204877778). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Rudisill Family Foundation a good charity?
Based on the provided data, the Rudisill Family Foundation appears to be a very good charity. It demonstrates strong financial health with growing assets, very low liabilities, and a remarkable commitment to efficiency by reporting 0% officer compensation across all filings. This suggests that nearly all funds are directed towards its mission, likely through grantmaking activities.
How has the foundation's financial health changed over time?
The foundation's financial health has significantly improved over time. Assets have grown from $1,948,929 in 2011 to $5,216,050 in 2023. While revenue has varied year-to-year, expenses have remained relatively low compared to revenue, allowing for consistent asset accumulation. Liabilities have also remained consistently low, indicating sound financial management.
What is the Rudisill Family Foundation's spending efficiency?
The Rudisill Family Foundation exhibits excellent spending efficiency. With 0% officer compensation reported, a very high percentage of its expenses are likely directed towards its program services (grantmaking). This indicates that administrative overhead is minimal, maximizing the impact of its funds.
Filing History
IRS 990 filing history for Rudisill Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Rudisill Family Foundation's revenue has grown by 0.7%, moving from $541K to $545K. Total assets increased by 167.6% over the same period, from $1.9M to $5.2M. Total functional expenses rose by 702.1%, from $45K to $363K. In its most recent filing year (2023), Rudisill Family Foundation reported a surplus of $182K, with revenue exceeding expenses. The organization holds $10K in liabilities against $5.2M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $5.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $545K | $363K | $5.2M | $10K | — | — |
| 2022 | $805K | $336K | $5.0M | $23K | — | View 990 |
| 2021 | $2.0M | $262K | $4.7M | $250 | — | View 990 |
| 2020 | $545K | $253K | $3.3M | $1 | — | View 990 |
| 2019 | $826K | $243K | $3.0M | $1 | — | — |
| 2015 | $383K | $191K | $2.0M | $3K | — | View 990 |
| 2014 | $361K | $143K | $1.9M | $3K | — | View 990 |
| 2013 | $315K | $105K | $1.9M | $3K | — | View 990 |
| 2012 | $301K | $35K | $1.9M | $2K | — | View 990 |
| 2011 | $541K | $45K | $1.9M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $545K, expenses of $363K, and assets of $5.2M (revenue -32.3% year-over-year).
- 2022: Revenue of $805K, expenses of $336K, and assets of $5.0M (revenue -59.4% year-over-year).
- 2021: Revenue of $2.0M, expenses of $262K, and assets of $4.7M (revenue +263.9% year-over-year).
- 2020: Revenue of $545K, expenses of $253K, and assets of $3.3M (revenue -34.0% year-over-year).
- 2019: Revenue of $826K, expenses of $243K, and assets of $3.0M (revenue +115.6% year-over-year).
- 2015: Revenue of $383K, expenses of $191K, and assets of $2.0M (revenue +6.3% year-over-year).
- 2014: Revenue of $361K, expenses of $143K, and assets of $1.9M (revenue +14.3% year-over-year).
- 2013: Revenue of $315K, expenses of $105K, and assets of $1.9M (revenue +4.7% year-over-year).
- 2012: Revenue of $301K, expenses of $35K, and assets of $1.9M (revenue -44.3% year-over-year).
- 2011: Revenue of $541K, expenses of $45K, and assets of $1.9M.
Data Sources and Methodology
This transparency report for Rudisill Family 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.