The Rag Collection
EIN: 454358098 · Phoenix, AZ
| Metric | Value |
|---|---|
| Total Expenses | $56K |
| Net Assets | $11K |
Is The Rag Collection Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Rag Collection
The Rag Collection (EIN: 454358098) is a nonprofit organization based in Phoenix, AZ. 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 Rag Collection's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Rag Collection is a micro nonprofit, with 3 years of IRS 990 filings on record (2014–2016). Revenue has grown at a compound annual rate of -0.1%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $57K |
| Total Expenses | $56K |
| Surplus / Deficit | +$542 |
| Total Assets | $11K |
| Total Liabilities | $706 |
| Net Assets | $11K |
| Operating Margin | 1.0% |
| Debt-to-Asset Ratio | 6.2% |
| Months of Reserves | 2.4 months |
Financial Health Grade: A
In 2016, The Rag Collection reported a surplus of $542 with revenue exceeding expenses, holds 2.4 months of operating reserves (limited), has a debt-to-asset ratio of 6.2% (very low leverage).
Financial Trends
Over 3 years of filings (2014–2016), The Rag Collection's revenue has declined at a compound annual growth rate (CAGR) of -0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -24.7% | -17.1% | -3.8% |
| 2015 | +32.7% | +19.3% | +232.1% |
AI Analysis Pending
AI enrichment for The Rag Collection 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 Rag Collection 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 (2016)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $542, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.2%.
Frequently Asked Questions about The Rag Collection
Is The Rag Collection a legitimate charity?
The Rag Collection (EIN: 454358098) is a registered tax-exempt nonprofit based in Arizona. It has 3 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does The Rag Collection spend its money?
The Rag Collection reported its financials in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Rag Collection tax-deductible?
The Rag Collection is registered as a tax-exempt nonprofit (EIN: 454358098). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Rag Collection located?
The Rag Collection is headquartered in Phoenix, Arizona and files with the IRS under EIN 454358098.
How many years of IRS 990 filings does The Rag Collection have?
The Rag Collection has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for The Rag Collection showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2014–2016), The Rag Collection's revenue has declined by 0.1%, moving from $57K to $57K. Total assets increased by 219.6% over the same period, from $4K to $11K. Total functional expenses fell by 1.1%, from $57K to $56K. In its most recent filing year (2016), The Rag Collection reported a surplus of $542, with revenue exceeding expenses. The organization holds $706 in liabilities against $11K in assets (debt-to-asset ratio: 6.2%), resulting in net assets of $11K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $57K | $56K | $11K | $706 | — | — |
| 2015 | $76K | $68K | $12K | $3K | — | View 990 |
| 2014 | $57K | $57K | $4K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $57K, expenses of $56K, and assets of $11K (revenue -24.7% year-over-year).
- 2015: Revenue of $76K, expenses of $68K, and assets of $12K (revenue +32.7% year-over-year).
- 2014: Revenue of $57K, expenses of $57K, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Rag Collection:
Data Sources and Methodology
This transparency report for The Rag Collection 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.