The Fund For Community Progress
EIN: 50399609 · Warwick, RI
| Metric | Value |
|---|---|
| Total Expenses | $283K |
| Net Assets | $164K |
Is The Fund For Community Progress Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Fund For Community Progress
The Fund For Community Progress (EIN: 50399609) is a nonprofit organization based in Warwick, RI. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Fund For Community Progress's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Fund For Community Progress is a small nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -2.6%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $279K |
| Total Expenses | $283K |
| Surplus / Deficit | $-4,143 |
| Total Assets | $192K |
| Total Liabilities | $28K |
| Net Assets | $164K |
| Operating Margin | -1.5% |
| Debt-to-Asset Ratio | 14.8% |
| Months of Reserves | 8.1 months |
Financial Health Grade: B
In 2015, The Fund For Community Progress reported a deficit of $4K with expenses exceeding revenue, holds 8.1 months of operating reserves (strong position), has a debt-to-asset ratio of 14.8% (very low leverage).
Financial Trends
Over 5 years of filings (2011–2015), The Fund For Community Progress's revenue has declined at a compound annual growth rate (CAGR) of -2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +5.7% | -12.0% | +6.3% |
| 2014 | -11.5% | +1.1% | -23.9% |
| 2013 | +5.2% | +18.8% | -6.0% |
| 2012 | -8.7% | -10.9% | +6.6% |
AI Analysis Pending
AI enrichment for The Fund For Community Progress has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Fund For Community Progress with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 14.8%.
Frequently Asked Questions about The Fund For Community Progress
Is The Fund For Community Progress a legitimate charity?
The Fund For Community Progress (EIN: 50399609) is a registered tax-exempt nonprofit based in Rhode Island. It has 5 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does The Fund For Community Progress spend its money?
The Fund For Community Progress reported its financials in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Fund For Community Progress tax-deductible?
The Fund For Community Progress is registered as a tax-exempt nonprofit (EIN: 50399609). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Fund For Community Progress located?
The Fund For Community Progress is headquartered in Warwick, Rhode Island and files with the IRS under EIN 50399609.
How many years of IRS 990 filings does The Fund For Community Progress have?
The Fund For Community Progress has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for The Fund For Community Progress showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), The Fund For Community Progress's revenue has declined by 10.1%, moving from $311K to $279K. Total assets decreased by 19% over the same period, from $237K to $192K. Total functional expenses fell by 5.7%, from $301K to $283K. In its most recent filing year (2015), The Fund For Community Progress reported a deficit of $4K, with expenses exceeding revenue. The organization holds $28K in liabilities against $192K in assets (debt-to-asset ratio: 14.8%), resulting in net assets of $164K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $279K | $283K | $192K | $28K | — | View 990 |
| 2014 | $264K | $322K | $181K | $13K | — | View 990 |
| 2013 | $298K | $318K | $238K | $12K | — | View 990 |
| 2012 | $284K | $268K | $253K | $7K | — | View 990 |
| 2011 | $311K | $301K | $237K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $279K, expenses of $283K, and assets of $192K (revenue +5.7% year-over-year).
- 2014: Revenue of $264K, expenses of $322K, and assets of $181K (revenue -11.5% year-over-year).
- 2013: Revenue of $298K, expenses of $318K, and assets of $238K (revenue +5.2% year-over-year).
- 2012: Revenue of $284K, expenses of $268K, and assets of $253K (revenue -8.7% year-over-year).
- 2011: Revenue of $311K, expenses of $301K, and assets of $237K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Fund For Community Progress:
Data Sources and Methodology
This transparency report for The Fund For Community Progress 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.