Rust Family Foundation
Rust Family Foundation shows inconsistent financial reporting with minimal historical activity contrasting with recent large revenue figures.
EIN: 204631229 · Lumberton, NC · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.5M |
| Total Expenses | $825 |
| Program Spending | 100% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $931 |
| Transparency Score | 30/100 |
Search Intent Cockpit
Rust Family Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Rust Family Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Rust Family Foundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $1 and expenses of $825.
Revenue and Expenses
Rust Family Foundation reported $1 in revenue and $825 in expenses, a deficit of $824.
Executive Compensation
Top officer compensation appears as $4 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
30/100 mission score, 4 red flags, and 1 strength are shown from structured and AI review.
Is Rust Family Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $825 (100%) |
Across stored filings, Rust Family Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Significant Concerns | Good filing record; 4 red flags identified |
| Mission spend | 100% to programs | Excellent |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with Cccp Community Trust | North Carolina and Philanthropy context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Next Best Actions
Keep the Investigation Moving
Rust Family Foundation directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rust Family Foundation
Rust Family Foundation (EIN: 204631229) is a nonprofit organization based in Lumberton, NC, classified under NTEE code T22. The organization reported total revenue of $4.5M and total assets of $4.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rust Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rust Family Foundation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -51.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $825 |
| Surplus / Deficit | $-824 |
| Total Assets | $932 |
| Total Liabilities | $1 |
| Net Assets | $931 |
| Operating Margin | -82400.0% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 13.6 months |
Financial Health Grade: B
In 2023, Rust Family Foundation reported a deficit of $824 with expenses exceeding revenue, holds 13.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Rust Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -51.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | — | -47.0% |
| 2022 | +0.0% | — | +0.0% |
| 2021 | -100.0% | -100.0% | +0.0% |
| 2020 | -77.3% | -88.9% | +534.3% |
| 2019 | +24.3% | +25.0% | -12.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Rust Family Foundation with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Rust Family Foundation allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% 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 $824, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees are receiving salaries from the foundation, which is highly unusual for an organization with reported assets over $4 million.
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 Rust Family Foundation's IRS 990 filings:
- Extreme inconsistency between summary financial data and detailed historical filings (e.g., $1 revenue vs. $4.4M latest revenue).
- Consistently reporting $1 revenue and expenses for multiple years, which is highly unusual for an active foundation.
- Lack of detailed expense breakdown in historical filings, making program efficiency assessment impossible.
- Zero officer compensation reported for an organization with over $4 million in assets, raising questions about operational structure and sustainability.
Strengths
The following positive indicators were identified for Rust Family Foundation:
- Consistently reports 0% officer compensation, indicating no direct salary costs for leadership from the foundation's funds.
Frequently Asked Questions about Rust Family Foundation
Is Rust Family Foundation a legitimate charity?
Rust Family Foundation (EIN: 204631229) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 30/100. It has 10 years of IRS 990 filings on record. Total revenue: $4.5M. 4 red flags identified. 1 strength noted. Financial health grade: B.
How does Rust Family Foundation spend its money?
Rust Family Foundation directs 100% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Rust Family Foundation tax-deductible?
Rust Family Foundation is registered as a tax-exempt nonprofit (EIN: 204631229). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Rust Family Foundation CEO make?
Rust Family Foundation's highest-compensated officer earns $4 annually. The organization reported $4.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Rust Family Foundation compare to similar nonprofits?
With a transparency score of 30/100 (Poor), Rust Family Foundation is below average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rust Family Foundation located?
Rust Family Foundation is headquartered in Lumberton, North Carolina and files with the IRS under EIN 204631229. It is classified under NTEE code T22.
How many years of IRS 990 filings does Rust Family Foundation have?
Rust Family 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 $4.5M in total revenue.
Why do most historical IRS 990 filings show only $1 in revenue and expenses, while the latest summary reports over $4 million?
This discrepancy suggests either a significant change in the foundation's operations that is not explained, or an issue with how financial data is being reported or summarized.
How does the Rust Family Foundation operate with consistently zero officer compensation, especially with reported assets exceeding $4 million?
The consistent reporting of 0% officer compensation is highly unusual for an organization of this size and suggests that leadership may be entirely volunteer-based or compensated through other means not disclosed in these filings.
What are the actual program activities and expenses given the minimal historical operational figures?
With most historical filings showing negligible expenses, it's unclear what programs the foundation has been funding or operating, making it difficult to assess its impact.
Is the latest reported revenue of $4,455,043 an anomaly or indicative of a new operational scale?
The sudden jump in reported revenue to over $4 million, after years of minimal activity, requires further clarification to understand if this represents a new, sustained level of activity or a one-time event.
Filing History
IRS 990 filing history for Rust Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Rust Family Foundation's revenue has declined by 100%, moving from $6K to $1. Total assets increased by 534% over the same period, from $147 to $932. Total functional expenses rose by 175%, from $300 to $825. In its most recent filing year (2023), Rust Family Foundation reported a deficit of $824, with expenses exceeding revenue. The organization holds $1 in liabilities against $932 in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $931.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1 | $825 | $932 | $1 | — | View 990 |
| 2022 | $1 | $0 | $2K | $1 | — | View 990 |
| 2021 | $1 | $0 | $2K | $1 | — | View 990 |
| 2020 | $3K | $1K | $2K | $1 | — | View 990 |
| 2019 | $13K | $13K | $277 | $1 | — | — |
| 2015 | $10K | $10K | $317 | $1 | — | View 990 |
| 2014 | $9K | $9K | $227 | $1 | — | View 990 |
| 2013 | $6K | $6K | $227 | $1 | — | View 990 |
| 2012 | $6K | $170 | $277 | $1 | — | View 990 |
| 2011 | $6K | $300 | $147 | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1, expenses of $825, and assets of $932 (revenue +0.0% year-over-year).
- 2022: Revenue of $1, expenses of $0, and assets of $2K (revenue +0.0% year-over-year).
- 2021: Revenue of $1, expenses of $0, and assets of $2K (revenue -100.0% year-over-year).
- 2020: Revenue of $3K, expenses of $1K, and assets of $2K (revenue -77.3% year-over-year).
- 2019: Revenue of $13K, expenses of $13K, and assets of $277 (revenue +24.3% year-over-year).
- 2015: Revenue of $10K, expenses of $10K, and assets of $317 (revenue +16.7% year-over-year).
- 2014: Revenue of $9K, expenses of $9K, and assets of $227 (revenue +60.5% year-over-year).
- 2013: Revenue of $6K, expenses of $6K, and assets of $227 (revenue -1.8% year-over-year).
- 2012: Revenue of $6K, expenses of $170, and assets of $277 (revenue +1.8% year-over-year).
- 2011: Revenue of $6K, expenses of $300, and assets of $147.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rust Family Foundation:
Data Sources and Methodology
This transparency report for Rust 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.