Rye Education Foundation

Rye Education Foundation consistently spends more than its annual revenue, relying on its substantial asset base.

EIN: 20481483 · Rye, NH · NTEE: B82 · Updated: 2026-03-28

$14KRevenue

$1.3MAssets

75/100Mission Score (Good)

B82

About Rye Education Foundation

Rye Education Foundation (EIN: 20481483) is a nonprofit organization based in Rye, NH, classified under NTEE code B82. The organization reported total revenue of $14K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rye Education Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Rye Education Foundation demonstrates a consistent financial position with substantial assets, currently at $1,294,306, indicating a strong endowment or investment strategy. However, the organization consistently spends significantly more than it brings in through revenue. For example, in 2023, revenue was $14,000 while expenses were $79,661, and in 2022, revenue was $15,394 against $50,688 in expenses. This operational deficit suggests that the organization is primarily drawing from its accumulated assets to fund its activities, rather than relying on annual contributions to cover expenses. While this can be a sustainable model for endowed foundations, it's crucial to understand the purpose of these expenditures and their impact.

The organization reports 0% officer compensation across all filings, which is a positive indicator of volunteer leadership and efficient use of funds for administrative overhead. The NTEE code B82 (Elementary & Secondary Education) aligns with its mission. Given the consistent operational deficits, a deeper look into the nature of their expenses (program vs. administrative) would be beneficial to fully assess spending efficiency. The lack of liabilities across all reported periods is a strong positive for financial stability.

Overall, the Rye Education Foundation appears financially stable due to its significant asset base and lack of debt. However, its operational model relies heavily on drawing from these assets rather than covering expenses through annual revenue. Transparency regarding the allocation of these asset-derived funds to programs versus other costs would further enhance its financial health assessment.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Rye Education 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: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Rye Education Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

The organization reports 0% officer compensation across all nine filings, indicating that its leadership is entirely volunteer-based, which is highly commendable for minimizing administrative costs.

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 Rye Education Foundation's IRS 990 filings:

Consistent operational deficit (expenses significantly exceed revenue annually)
Reliance on asset drawdowns for operational funding

Strengths

The following positive indicators were identified for Rye Education Foundation:

Substantial asset base ($1,294,306) providing financial stability
No reported liabilities across all filings, indicating a debt-free status
0% officer compensation, demonstrating volunteer leadership and low administrative overhead
Consistent filing history (9 filings) indicating transparency and compliance

Frequently Asked Questions about Rye Education Foundation

Is Rye Education Foundation a good charity?

The Rye Education Foundation exhibits strong financial stability with over $1.2 million in assets and no reported liabilities. Its volunteer leadership (0% officer compensation) is a significant positive. However, it consistently spends more than its annual revenue, drawing from its assets. Its 'goodness' depends on how effectively these asset-derived funds are used for its educational mission.

How does Rye Education Foundation fund its operations?

The organization primarily funds its operations by drawing from its substantial asset base, as its annual expenses consistently exceed its annual revenue. For instance, in 2023, expenses were $79,661 against $14,000 in revenue.

What is the trend in the organization's assets?

The organization's assets have shown a general upward trend over the past decade, growing from $1,011,183 in 2015 to $1,294,306 currently, despite periods of operational deficits.

Does the Rye Education Foundation have any debt?

No, the IRS 990 filings consistently report $0 in liabilities across all nine periods, indicating the organization is debt-free.

Filing History

IRS 990 filing history for Rye Education Foundation showing financial trends over 9 years of public records:

Over 9 years of IRS 990 filings (2015–2023), Rye Education Foundation's revenue has declined by 74.1%, moving from $54K to $14K. Total assets increased by 23.7% over the same period, from $1.0M to $1.3M. Total functional expenses rose by 11.4%, from $72K to $80K. In its most recent filing year (2023), Rye Education Foundation reported a deficit of $66K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$14K	$80K	$1.3M	$0	—	—
2022	$15K	$51K	$1.2M	$0	—	View 990
2021	$12K	$53K	$1.4M	$0	—	—
2020	$22K	$60K	$1.2M	$0	—	—
2019	$20K	$50K	$1.1M	$0	—	View 990
2018	$0	$53K	$1.0M	$0	—	View 990
2017	$13K	$84K	$1.1M	$0	—	—
2016	$51K	$57K	$1.0M	$0	—	View 990
2015	$54K	$72K	$1.0M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $14K, expenses of $80K, and assets of $1.3M (revenue -9.1% year-over-year).
2022: Revenue of $15K, expenses of $51K, and assets of $1.2M (revenue +32.0% year-over-year).
2021: Revenue of $12K, expenses of $53K, and assets of $1.4M (revenue -46.8% year-over-year).
2020: Revenue of $22K, expenses of $60K, and assets of $1.2M (revenue +9.6% year-over-year).
2019: Revenue of $20K, expenses of $50K, and assets of $1.1M.
2018: Revenue of $0, expenses of $53K, and assets of $1.0M (revenue -100.0% year-over-year).
2017: Revenue of $13K, expenses of $84K, and assets of $1.1M (revenue -73.6% year-over-year).
2016: Revenue of $51K, expenses of $57K, and assets of $1.0M (revenue -5.6% year-over-year).
2015: Revenue of $54K, expenses of $72K, and assets of $1.0M.

Data Sources and Methodology

This transparency report for Rye Education 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.