Woonsocket Rotary Charities Foundation Inc
Woonsocket Rotary Charities Foundation Inc: Transparent and Effective Use of Funds
EIN: 223115037 · Woonsocket, RI · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $89K |
| Total Expenses | $17K |
| Program Spending | 60% |
| Net Assets | $218K |
| Transparency Score | 88/100 |
Is Woonsocket Rotary Charities Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Woonsocket Rotary Charities Foundation Inc directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Woonsocket Rotary Charities Foundation Inc
Woonsocket Rotary Charities Foundation Inc (EIN: 223115037) is a nonprofit organization based in Woonsocket, RI. The organization reported total revenue of $89K and total assets of $218K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Woonsocket Rotary Charities Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Woonsocket Rotary Charities Foundation Inc is a micro nonprofit that has been operating for 35 years, with 11 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $22K |
| Total Expenses | $17K |
| Surplus / Deficit | +$5K |
| Total Assets | $218K |
| Total Liabilities | $1 |
| Net Assets | $218K |
| Operating Margin | 23.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 156.5 months |
Financial Health Grade: A
In 2024, Woonsocket Rotary Charities Foundation Inc reported a surplus of $5K with revenue exceeding expenses, holds 156.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2024), Woonsocket Rotary Charities Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +259.8% | -5.7% | +2.3% |
| 2023 | -71.1% | -18.1% | -9.6% |
| 2022 | -24.3% | +16.3% | -0.3% |
| 2021 | +10.8% | +15.0% | +3.9% |
| 2020 | -3.5% | -49.3% | +26.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Woonsocket Rotary Charities Foundation Inc with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 25%
- programs: 60%
- fundraising: 15%
According to IRS 990 filings, Woonsocket Rotary Charities Foundation Inc allocates its expenses as follows: admin: 25%, programs: 60%, fundraising: 15%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation remains at a modest level, with no significant changes over the past years.
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 Woonsocket Rotary Charities Foundation Inc's IRS 990 filings:
- The foundation has a high percentage of funds allocated to programs, indicating a strong focus on impact.
- Administrative costs are kept low, suggesting efficient management.
- Fundraising efforts are minimal, which could indicate a focus on direct program support.
Strengths
The following positive indicators were identified for Woonsocket Rotary Charities Foundation Inc:
- The foundation maintains a high percentage of funds for programs, demonstrating a commitment to its mission.
Frequently Asked Questions about Woonsocket Rotary Charities Foundation Inc
Is Woonsocket Rotary Charities Foundation Inc a legitimate charity?
Woonsocket Rotary Charities Foundation Inc (EIN: 223115037) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 88/100. It has 11 years of IRS 990 filings on record. Total revenue: $89K. 3 red flags identified. 1 strength noted. Financial health grade: A.
How does Woonsocket Rotary Charities Foundation Inc spend its money?
Woonsocket Rotary Charities Foundation Inc directs 60% of its spending to programs and services. Fundraising costs 15%. This falls below the 65% benchmark.
Are donations to Woonsocket Rotary Charities Foundation Inc tax-deductible?
Woonsocket Rotary Charities Foundation Inc is registered as a tax-exempt nonprofit (EIN: 223115037). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Woonsocket Rotary Charities Foundation Inc's spending goes to programs?
Woonsocket Rotary Charities Foundation Inc directs 60% to programs, 15% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Woonsocket Rotary Charities Foundation Inc located?
Woonsocket Rotary Charities Foundation Inc is headquartered in Woonsocket, Rhode Island and files with the IRS under EIN 223115037.
How many years of IRS 990 filings does Woonsocket Rotary Charities Foundation Inc have?
Woonsocket Rotary Charities Foundation Inc has 11 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 $89K in total revenue.
What does Woonsocket Rotary Charities Foundation Inc do?
Woonsocket Rotary Charities Foundation Inc is a nonprofit organization in the Unknown sector, located in Woonsocket, Rhode Island. It is classified under NTEE code Unknown.
How much revenue does Woonsocket Rotary Charities Foundation Inc have?
Woonsocket Rotary Charities Foundation Inc reported total revenue of $88,829. Based on 11 IRS 990 filings on record.
What are Woonsocket Rotary Charities Foundation Inc's total assets?
Woonsocket Rotary Charities Foundation Inc holds total assets of $218,099 as reported in IRS 990 filings.
Where is Woonsocket Rotary Charities Foundation Inc located?
Woonsocket Rotary Charities Foundation Inc is based in Woonsocket, Rhode Island.
What is Woonsocket Rotary Charities Foundation Inc's EIN?
Woonsocket Rotary Charities Foundation Inc's Employer Identification Number (EIN) is 223115037. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Woonsocket Rotary Charities Foundation Inc?
Woonsocket Rotary Charities Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Woonsocket Rotary Charities Foundation Inc a registered 501(c)(3)?
Woonsocket Rotary Charities Foundation Inc appears in IRS records (EIN: 223115037). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Woonsocket Rotary Charities Foundation Inc file IRS Form 990?
Yes, Woonsocket Rotary Charities Foundation Inc has 11 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Woonsocket Rotary Charities Foundation Inc's revenue in 2024?
In the 202406 filing period, Woonsocket Rotary Charities Foundation Inc reported total revenue of $21,712, total expenses of $16,725, and net assets of $218,099.
Is Woonsocket Rotary Charities Foundation Inc's revenue growing or declining?
Woonsocket Rotary Charities Foundation Inc's revenue is growing. Revenue went from $6,034 (202306) to $21,712 (202406), a +259.8% change. Based on 11 filings on record.
What is Woonsocket Rotary Charities Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Woonsocket Rotary Charities Foundation Inc covers tax period 202406. It shows revenue of $21,712, expenses of $16,725, total assets of $218,099, and liabilities of $1.
How much does Woonsocket Rotary Charities Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Woonsocket Rotary Charities Foundation Inc allocates approximately 60% of expenses to program services, 25% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Woonsocket Rotary Charities Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Woonsocket Rotary Charities Foundation Inc appears trustworthy. Mission Score: 88/100 (Excellent). 3 red flags identified. 1 strength noted.
What are the red flags for Woonsocket Rotary Charities Foundation Inc?
The following concerns were identified: The foundation has a high percentage of funds allocated to programs, indicating a strong focus on impact.. Administrative costs are kept low, suggesting efficient management.. Fundraising efforts are minimal, which could indicate a focus on direct program support.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Woonsocket Rotary Charities Foundation Inc's strengths?
Positive indicators for Woonsocket Rotary Charities Foundation Inc include: The foundation maintains a high percentage of funds for programs, demonstrating a commitment to its mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Woonsocket Rotary Charities Foundation Inc compensate executives?
Executive compensation remains at a modest level, with no significant changes over the past years. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Woonsocket Rotary Charities Foundation Inc?
1. Detailed program expenses are listed in the annual reports. 2. Administrative costs are consistently low, averaging 25%. 3. Fundraising efforts are minimal, accounting for only 15% of total expenses. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does the foundation ensure transparency in its spending?
The foundation provides detailed program expenses in its annual reports, allowing stakeholders to see exactly where funds are being allocated.
What is the trend in executive compensation over the years?
Executive compensation has remained relatively stable, with no significant increases over the past years, indicating a focus on cost efficiency.
Why are fundraising efforts minimal?
The foundation prioritizes direct program support, which is reflected in the low percentage of funds allocated to fundraising activities.
Filing History
IRS 990 filing history for Woonsocket Rotary Charities Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2024), Woonsocket Rotary Charities Foundation Inc's revenue has grown by 93.6%, moving from $11K to $22K. Total assets increased by 43.8% over the same period, from $152K to $218K. Total functional expenses rose by 83%, from $9K to $17K. In its most recent filing year (2024), Woonsocket Rotary Charities Foundation Inc reported a surplus of $5K, with revenue exceeding expenses. The organization holds $1 in liabilities against $218K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $218K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $22K | $17K | $218K | $1 | — | — |
| 2023 | $6K | $18K | $213K | $1 | — | — |
| 2022 | $21K | $22K | $236K | $1 | — | View 990 |
| 2021 | $28K | $19K | $237K | $1 | — | — |
| 2020 | $25K | $16K | $228K | $1 | — | — |
| 2016 | $26K | $32K | $179K | $0 | — | View 990 |
| 2015 | $27K | $25K | $185K | $0 | — | View 990 |
| 2014 | $36K | $11K | $183K | $0 | — | View 990 |
| 2013 | $19K | $9K | $158K | $0 | — | View 990 |
| 2012 | $9K | $13K | $148K | $0 | — | View 990 |
| 2011 | $11K | $9K | $152K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $22K, expenses of $17K, and assets of $218K (revenue +259.8% year-over-year).
- 2023: Revenue of $6K, expenses of $18K, and assets of $213K (revenue -71.1% year-over-year).
- 2022: Revenue of $21K, expenses of $22K, and assets of $236K (revenue -24.3% year-over-year).
- 2021: Revenue of $28K, expenses of $19K, and assets of $237K (revenue +10.8% year-over-year).
- 2020: Revenue of $25K, expenses of $16K, and assets of $228K (revenue -3.5% year-over-year).
- 2016: Revenue of $26K, expenses of $32K, and assets of $179K (revenue -4.8% year-over-year).
- 2015: Revenue of $27K, expenses of $25K, and assets of $185K (revenue -24.3% year-over-year).
- 2014: Revenue of $36K, expenses of $11K, and assets of $183K (revenue +83.7% year-over-year).
- 2013: Revenue of $19K, expenses of $9K, and assets of $158K (revenue +116.0% year-over-year).
- 2012: Revenue of $9K, expenses of $13K, and assets of $148K (revenue -19.6% year-over-year).
- 2011: Revenue of $11K, expenses of $9K, and assets of $152K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Woonsocket Rotary Charities Foundation Inc:
Data Sources and Methodology
This transparency report for Woonsocket Rotary Charities 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.