Is Faye And Michael Richardson Charitable Richardson J Michael Tte Legit?
Quick charity verification for Faye And Michael Richardson Charitable Richardson J Michael Tte (EIN: 137044993)
Verdict: Faye And Michael Richardson Charitable Richardson J Michael Tte appears trustworthy
70/100Mission Score
$0Revenue
$0Assets
2Red Flags
3Strengths
Red Flags
Consistent negative or near-zero revenue, indicating no public support or significant investment losses in some years.
NTEE Code is unknown, which limits understanding of its specific charitable focus without further investigation.
Strengths
Substantial and stable asset base, ranging from $1.99 million to $2.83 million, providing long-term financial stability.
Zero officer compensation, indicating that leadership serves on a voluntary basis, which can maximize funds for charitable purposes.
Low administrative overhead, as implied by the nature of a private foundation primarily distributing grants.
Spending Breakdown
How Faye And Michael Richardson Charitable Richardson J Michael Tte allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Faye And Michael Richardson Charitable Richardson J Michael Tte
Is Faye And Michael Richardson Charitable Richardson J Michael Tte a legitimate charity?
Based on AI analysis of IRS 990 filings, Faye And Michael Richardson Charitable Richardson J Michael Tte (EIN: 137044993) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Faye And Michael Richardson Charitable Richardson J Michael Tte a good charity to donate to?
Faye And Michael Richardson Charitable Richardson J Michael Tte has a Mission Score of 70/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Faye And Michael Richardson Charitable Richardson J Michael Tte?
The Employer Identification Number (EIN) for Faye And Michael Richardson Charitable Richardson J Michael Tte is 137044993. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Faye And Michael Richardson Charitable Richardson J Michael Tte spend its money?
Faye And Michael Richardson Charitable Richardson J Michael Tte allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Faye And Michael Richardson Charitable Richardson J Michael Tte's tax-exempt status?
You can verify Faye And Michael Richardson Charitable Richardson J Michael Tte's tax-exempt status using EIN 137044993 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Faye And Michael Richardson Charitable Richardson J Michael Tte appears to be a private foundation, given its consistent asset base and lack of public revenue. Over the past five years, the organization has consistently reported negative or very low revenue, with the latest filing showing $0 revenue. Despite this, it has maintained a significant asset base, ranging from $1.99 million in 2016 to $2.83 million in 2012. Expenses have fluctuated but remained substantial, peaking at $233,686 in 2016. The organization's financial health is stable due to its substantial assets, but its operational model, characterized by minimal or negative revenue and consistent expenses, suggests it primarily functions by distributing from its endowment rather than actively fundraising or generating program service revenue. The consistent reporting of $1 in liabilities across all filings is unusual and might indicate a simplified reporting practice for a private foundation.