Ruth Angeline Whitley Memorialfoundation Inc
Ruth Angeline Whitley Memorialfoundation consistently spends more than its revenue, drawing down assets.
EIN: 204202689 · Old Greenwich, CT · NTEE: T22 · Updated: 2026-03-28
Is Ruth Angeline Whitley Memorialfoundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ruth Angeline Whitley Memorialfoundation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ruth Angeline Whitley Memorialfoundation Inc
Ruth Angeline Whitley Memorialfoundation Inc (EIN: 204202689) is a nonprofit organization based in Old Greenwich, CT, classified under NTEE code T22. The organization reported total revenue of $9K and total assets of $120K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ruth Angeline Whitley Memorialfoundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ruth Angeline Whitley Memorialfoundation Inc with a Mission Score of 65 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, Ruth Angeline Whitley Memorialfoundation Inc 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.
Executive Compensation Analysis
The organization reports 0% officer compensation across all provided filings, indicating that its leadership is entirely volunteer-based, which is highly efficient for an organization of its size.
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 Ruth Angeline Whitley Memorialfoundation Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) across multiple years, impacting asset base.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes full efficiency assessment difficult.
- Gradual decline in assets over recent years (e.g., $156,761 in 2019 to $135,141 in 2023) due to deficit spending.
Strengths
The following positive indicators were identified for Ruth Angeline Whitley Memorialfoundation Inc:
- Zero officer compensation, indicating volunteer leadership and high efficiency in this area.
- Consistent IRS 990 filing history, demonstrating transparency.
- Maintains a modest asset base despite consistent deficits, providing some financial cushion.
Frequently Asked Questions about Ruth Angeline Whitley Memorialfoundation Inc
Is Ruth Angeline Whitley Memorialfoundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ruth Angeline Whitley Memorialfoundation Inc (EIN: 204202689) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Ruth Angeline Whitley Memorialfoundation Inc spend its money?
Ruth Angeline Whitley Memorialfoundation Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ruth Angeline Whitley Memorialfoundation Inc tax-deductible?
Ruth Angeline Whitley Memorialfoundation Inc is registered as a tax-exempt nonprofit (EIN: 204202689). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Ruth Angeline Whitley Memorialfoundation Inc. financially sustainable long-term?
The organization has consistently spent more than its revenue for many years (e.g., $26,300 expenses vs. $10,888 revenue in 2023), leading to a gradual decrease in assets from $156,761 in 2019 to $135,141 in 2023. This trend suggests potential long-term sustainability challenges if not reversed.
What is the purpose of the consistent $1 liability reported?
The consistent reporting of $1 in liabilities across recent filings (e.g., 2023, 2022, 2021, 2020) is unusual and could be an accounting artifact or a minor placeholder. While financially insignificant, it's an odd recurring detail.
How does the organization fund its operations given the revenue deficits?
The organization appears to be funding its operational deficits by drawing down its asset base. For instance, in 2023, the $15,412 difference between expenses and revenue ($26,300 - $10,888) would have been covered by its assets.
Filing History
IRS 990 filing history for Ruth Angeline Whitley Memorialfoundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Ruth Angeline Whitley Memorialfoundation Inc's revenue has grown by 531.2%, moving from $2K to $11K. Total assets increased by 126.8% over the same period, from $60K to $135K. Total functional expenses rose by 304.6%, from $7K to $26K. In its most recent filing year (2023), Ruth Angeline Whitley Memorialfoundation Inc reported a deficit of $15K, with expenses exceeding revenue. The organization holds $1 in liabilities against $135K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $135K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $11K | $26K | $135K | $1 | — | — |
| 2022 | $19K | $21K | $139K | $1 | — | — |
| 2021 | $18K | $18K | $141K | $1 | — | — |
| 2020 | $9K | $26K | $140K | $1 | — | — |
| 2019 | $3K | $19K | $157K | $0 | — | View 990 |
| 2015 | $2K | $5K | $53K | $0 | — | View 990 |
| 2014 | $3K | $5K | $55K | $0 | — | View 990 |
| 2013 | $3K | $4K | $57K | $0 | — | View 990 |
| 2012 | $2K | $4K | $57K | $0 | — | View 990 |
| 2011 | $2K | $7K | $60K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11K, expenses of $26K, and assets of $135K (revenue -43.6% year-over-year).
- 2022: Revenue of $19K, expenses of $21K, and assets of $139K (revenue +6.9% year-over-year).
- 2021: Revenue of $18K, expenses of $18K, and assets of $141K (revenue +92.0% year-over-year).
- 2020: Revenue of $9K, expenses of $26K, and assets of $140K (revenue +220.0% year-over-year).
- 2019: Revenue of $3K, expenses of $19K, and assets of $157K (revenue +20.6% year-over-year).
- 2015: Revenue of $2K, expenses of $5K, and assets of $53K (revenue -16.0% year-over-year).
- 2014: Revenue of $3K, expenses of $5K, and assets of $55K (revenue -16.8% year-over-year).
- 2013: Revenue of $3K, expenses of $4K, and assets of $57K (revenue +81.6% year-over-year).
- 2012: Revenue of $2K, expenses of $4K, and assets of $57K (revenue +11.3% year-over-year).
- 2011: Revenue of $2K, expenses of $7K, and assets of $60K.
Data Sources and Methodology
This transparency report for Ruth Angeline Whitley Memorialfoundation 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.