The Resource Foundation Inc
The Resource Foundation: Declining Revenue, Stable Assets, and High Program Spending
EIN: 222870501 · Greenwich, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.7M |
| Total Expenses | $1.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $15.4M |
| Transparency Score | 75/100 |
Is The Resource Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Resource Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Resource Foundation Inc
The Resource Foundation Inc (EIN: 222870501) is a nonprofit organization based in Greenwich, CT. The organization reported total revenue of $3.7M and total assets of $15.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Resource Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Resource Foundation Inc is a mid-size nonprofit that has been operating for 38 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $668K |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-533,666 |
| Total Assets | $15.4M |
| Total Liabilities | $25K |
| Net Assets | $15.4M |
| Operating Margin | -79.9% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 154.2 months |
Financial Health Grade: B
In 2023, The Resource Foundation Inc reported a deficit of $534K with expenses exceeding revenue, holds 154.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Resource Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -30.1% | -1.3% | -0.7% |
| 2022 | -68.9% | +13.8% | -0.2% |
| 2021 | +66.1% | +0.7% | +14.8% |
| 2020 | +42.5% | -0.9% | +3.3% |
| 2019 | +58.8% | +54.5% | +7.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 The Resource Foundation Inc 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, The Resource Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $534K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is unusual for an organization of this size and asset base and requires clarification.
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 The Resource Foundation Inc's IRS 990 filings:
- Consistent reporting of $0 executive compensation raises questions about how leadership is compensated or if this is a reporting anomaly.
- Significant decline in revenue from $3,073,672 in 2021 to $667,836 in 2023 without a clear explanation in public filings.
- The organization's 'net assets without donor restrictions' are not explicitly detailed in the provided data, making it difficult to assess unrestricted funds.
Strengths
The following positive indicators were identified for The Resource Foundation Inc:
- Consistently high percentage of spending allocated to programs (around 90% in 2023), indicating a strong focus on mission delivery.
- Maintained a substantial asset base of over $15 million in 2023, providing financial stability despite revenue fluctuations.
- Low administrative and fundraising costs (5% each in 2023) suggest efficient operational management.
Frequently Asked Questions about The Resource Foundation Inc
Is The Resource Foundation Inc a legitimate charity?
The Resource Foundation Inc (EIN: 222870501) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $3.7M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does The Resource Foundation Inc spend its money?
The Resource Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Resource Foundation Inc tax-deductible?
The Resource Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222870501). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Resource Foundation Inc CEO make?
The Resource Foundation Inc's highest-compensated officer earns $0 annually. The organization reported $3.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Resource Foundation Inc's spending goes to programs?
The Resource Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is The Resource Foundation Inc located?
The Resource Foundation Inc is headquartered in Greenwich, Connecticut and files with the IRS under EIN 222870501.
How many years of IRS 990 filings does The Resource Foundation Inc have?
The Resource Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.7M in total revenue.
What does The Resource Foundation Inc do?
The Resource Foundation Inc is a nonprofit organization in the Unknown sector, located in Greenwich, Connecticut. It is classified under NTEE code Unknown.
How much revenue does The Resource Foundation Inc have?
The Resource Foundation Inc reported total revenue of $3,671,883. Based on 10 IRS 990 filings on record.
What are The Resource Foundation Inc's total assets?
The Resource Foundation Inc holds total assets of $15,012,968 as reported in IRS 990 filings.
Where is The Resource Foundation Inc located?
The Resource Foundation Inc is based in Greenwich, Connecticut.
What is The Resource Foundation Inc's EIN?
The Resource Foundation Inc's Employer Identification Number (EIN) is 222870501. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Resource Foundation Inc?
The Resource Foundation Inc is classified under NTEE code Unknown (Unknown).
Is The Resource Foundation Inc a registered 501(c)(3)?
The Resource Foundation Inc appears in IRS records (EIN: 222870501). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does The Resource Foundation Inc file IRS Form 990?
Yes, The Resource Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was The Resource Foundation Inc's revenue in 2023?
In the 202312 filing period, The Resource Foundation Inc reported total revenue of $667,836, total expenses of $1,201,502, and net assets of $15,440,172.
Is The Resource Foundation Inc's revenue growing or declining?
The Resource Foundation Inc's revenue is declining. Revenue went from $954,973 (202212) to $667,836 (202312), a -30.1% change. Based on 10 filings on record.
What is The Resource Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for The Resource Foundation Inc covers tax period 202312. It shows revenue of $667,836, expenses of $1,201,502, total assets of $15,440,172, and liabilities of $25,487.
How much does The Resource Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, The Resource Foundation Inc allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is The Resource Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, The Resource Foundation Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for The Resource Foundation Inc?
The following concerns were identified: Consistent reporting of $0 executive compensation raises questions about how leadership is compensated or if this is a reporting anomaly.. Significant decline in revenue from $3,073,672 in 2021 to $667,836 in 2023 without a clear explanation in public filings.. The organization's 'net assets without donor restrictions' are not explicitly detailed in the provided data, making it difficult to assess unrestricted funds.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are The Resource Foundation Inc's strengths?
Positive indicators for The Resource Foundation Inc include: Consistently high percentage of spending allocated to programs (around 90% in 2023), indicating a strong focus on mission delivery.. Maintained a substantial asset base of over $15 million in 2023, providing financial stability despite revenue fluctuations.. Low administrative and fundraising costs (5% each in 2023) suggest efficient operational management.. These findings are derived from AI analysis of the organization's financial filings.
How does The Resource Foundation Inc compensate executives?
Executive compensation is reported as $0 across all available filings, which is unusual for an organization of this size and asset base and requires clarification. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 for executive compensation, how does The Resource Foundation attract and retain leadership, and what is the actual cost of leadership to the organization?
The reported $0 executive compensation is highly unusual. It suggests either a volunteer-led executive team, compensation being paid through a related entity not disclosed in these filings, or a reporting error. Without further detail, it's impossible to assess the true cost of leadership.
What strategies are being implemented to address the significant and sustained decline in revenue observed over the past three years, and how will this impact future program delivery?
The revenue decline from $3,073,672 in 2021 to $667,836 in 2023 is a critical concern. While assets are stable, a continued decline in revenue will eventually impact the ability to sustain programs at current levels. The organization needs to articulate its fundraising and revenue diversification strategies.
Filing History
IRS 990 filing history for The Resource Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Resource Foundation Inc's revenue has grown by 30.7%, moving from $511K to $668K. Total assets increased by 66.6% over the same period, from $9.3M to $15.4M. Total functional expenses rose by 75.3%, from $686K to $1.2M. In its most recent filing year (2023), The Resource Foundation Inc reported a deficit of $534K, with expenses exceeding revenue. The organization holds $25K in liabilities against $15.4M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $15.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $668K | $1.2M | $15.4M | $25K | — | — |
| 2022 | $955K | $1.2M | $15.5M | $11K | — | View 990 |
| 2021 | $3.1M | $1.1M | $15.6M | $12K | — | View 990 |
| 2020 | $1.9M | $1.1M | $13.6M | $17K | — | View 990 |
| 2019 | $1.3M | $1.1M | $13.1M | $1 | — | View 990 |
| 2015 | $818K | $694K | $12.3M | $241 | — | View 990 |
| 2014 | $3.3M | $1.0M | $12.2M | $2K | — | View 990 |
| 2013 | $1.7M | $971K | $10.0M | $25K | — | View 990 |
| 2012 | $1.1M | $837K | $9.3M | $9K | — | View 990 |
| 2011 | $511K | $686K | $9.3M | $239K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $668K, expenses of $1.2M, and assets of $15.4M (revenue -30.1% year-over-year).
- 2022: Revenue of $955K, expenses of $1.2M, and assets of $15.5M (revenue -68.9% year-over-year).
- 2021: Revenue of $3.1M, expenses of $1.1M, and assets of $15.6M (revenue +66.1% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.1M, and assets of $13.6M (revenue +42.5% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.1M, and assets of $13.1M (revenue +58.8% year-over-year).
- 2015: Revenue of $818K, expenses of $694K, and assets of $12.3M (revenue -75.0% year-over-year).
- 2014: Revenue of $3.3M, expenses of $1.0M, and assets of $12.2M (revenue +92.9% year-over-year).
- 2013: Revenue of $1.7M, expenses of $971K, and assets of $10.0M (revenue +60.7% year-over-year).
- 2012: Revenue of $1.1M, expenses of $837K, and assets of $9.3M (revenue +106.4% year-over-year).
- 2011: Revenue of $511K, expenses of $686K, and assets of $9.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Resource Foundation Inc:
Data Sources and Methodology
This transparency report for The Resource 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.