Scott Rigsby Foundation Inc
Scott Rigsby Foundation Inc. shows declining assets and periods of deficit spending.
EIN: 208146097 · Marietta, GA · NTEE: N72 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $270K |
| Total Expenses | $272K |
| Program Spending | 75% |
| Net Assets | $37K |
| Transparency Score | 65/100 |
Is Scott Rigsby Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Scott Rigsby Foundation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Scott Rigsby Foundation Inc
Scott Rigsby Foundation Inc (EIN: 208146097) is a nonprofit organization based in Marietta, GA, classified under NTEE code N72. The organization reported total revenue of $270K and total assets of $37K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Scott Rigsby Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Scott Rigsby Foundation Inc is a small nonprofit that has been operating for 18 years, with 4 years of IRS 990 filings on record (2013–2016). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $270K |
| Total Expenses | $272K |
| Surplus / Deficit | $-1,267 |
| Total Assets | $37K |
| Net Assets | $37K |
| Operating Margin | -0.5% |
| Months of Reserves | 1.6 months |
Financial Health Grade: C
In 2016, Scott Rigsby Foundation Inc reported a deficit of $1K with expenses exceeding revenue, holds 1.6 months of operating reserves (limited).
Financial Trends
Over 4 years of filings (2013–2016), Scott Rigsby Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | +29.9% | +28.0% | -31.4% |
| 2015 | +17.8% | -45.5% | -44.1% |
| 2014 | -30.2% | +1627.5% | -62.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2008 |
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 Scott Rigsby Foundation 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, Scott Rigsby Foundation 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.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, which is commendable for an organization of its size and indicates a commitment to directing funds towards its mission rather than executive salaries.
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 Scott Rigsby Foundation Inc's IRS 990 filings:
- Significant decline in assets from $255,187 in 2013 to $36,979 in 2016.
- Expenses exceeded revenue in multiple periods (e.g., 2016: $271,710 expenses vs. $270,443 revenue; 2014: $389,481 expenses vs. $176,636 revenue).
Strengths
The following positive indicators were identified for Scott Rigsby Foundation Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating strong transparency and dedication of funds to mission.
- No reported liabilities in the most recent filing (2016).
Frequently Asked Questions about Scott Rigsby Foundation Inc
Is Scott Rigsby Foundation Inc a legitimate charity?
Scott Rigsby Foundation Inc (EIN: 208146097) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 65/100. It has 4 years of IRS 990 filings on record. Total revenue: $270K. 2 red flags identified. 2 strengths noted. Financial health grade: C.
How does Scott Rigsby Foundation Inc spend its money?
Scott Rigsby Foundation Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Scott Rigsby Foundation Inc tax-deductible?
Scott Rigsby Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208146097). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Scott Rigsby Foundation Inc's spending goes to programs?
Scott Rigsby Foundation Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Scott Rigsby Foundation Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Scott Rigsby Foundation Inc is above average for NTEE category N72 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Scott Rigsby Foundation Inc located?
Scott Rigsby Foundation Inc is headquartered in Marietta, Georgia and files with the IRS under EIN 208146097. It is classified under NTEE code N72.
How many years of IRS 990 filings does Scott Rigsby Foundation Inc have?
Scott Rigsby Foundation Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $270K in total revenue.
Is the Scott Rigsby Foundation Inc. financially stable?
The foundation's financial stability appears to be declining, with assets decreasing from $255,187 in 2013 to $36,979 in 2016, and expenses exceeding revenue in multiple periods, such as 2016 ($271,710 expenses vs. $270,443 revenue) and 2014 ($389,481 expenses vs. $176,636 revenue).
What caused the significant asset decline?
The significant asset decline from $255,187 in 2013 to $36,979 in 2016 is primarily due to expenses exceeding revenue in several years, notably in 2014 where expenses were more than double the revenue, and a slight deficit in 2016.
How does the organization fund its operations given the revenue and expense trends?
The organization appears to have funded operations by drawing down its assets in years where expenses exceeded revenue, such as in 2014 and 2016. The initial higher asset base in 2013 likely provided a buffer for these deficits.
Filing History
IRS 990 filing history for Scott Rigsby Foundation Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2013–2016), Scott Rigsby Foundation Inc's revenue has grown by 6.9%, moving from $253K to $270K. Total assets decreased by 85.5% over the same period, from $255K to $37K. Total functional expenses rose by 1105.1%, from $23K to $272K. In its most recent filing year (2016), Scott Rigsby Foundation Inc reported a deficit of $1K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $270K | $272K | $37K | $0 | — | View 990 |
| 2015 | $208K | $212K | $54K | $16K | — | View 990 |
| 2014 | $177K | $389K | $96K | $54K | — | View 990 |
| 2013 | $253K | $23K | $255K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $270K, expenses of $272K, and assets of $37K (revenue +29.9% year-over-year).
- 2015: Revenue of $208K, expenses of $212K, and assets of $54K (revenue +17.8% year-over-year).
- 2014: Revenue of $177K, expenses of $389K, and assets of $96K (revenue -30.2% year-over-year).
- 2013: Revenue of $253K, expenses of $23K, and assets of $255K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Scott Rigsby Foundation Inc:
Data Sources and Methodology
This transparency report for Scott Rigsby Foundation 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.