Quick charity verification for Friends Of Carmel Richmond Inc (EIN: 133149480)
Verdict: Friends Of Carmel Richmond Inc shows mixed signals
40/100Mission Score
$3.0MRevenue
$4.1MAssets
3Red Flags
3Strengths
Red Flags
Consistently reports $0 in program service expenses, making direct impact assessment difficult.
Significant operating deficit in the latest filing (202303), with expenses more than double revenue.
Lack of clarity on how the 'Latest Revenue' figure ($2,970,790) relates to annual reported revenues.
Strengths
Consistent growth in assets over the past decade, indicating financial stability.
0% reported officer compensation across all filings, demonstrating low administrative burden for executive pay.
Relatively low liabilities compared to assets, suggesting good financial management of debt.
Spending Breakdown
How Friends Of Carmel Richmond Inc allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
100%
Admin Costs
High — over 25% on administration
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 Friends Of Carmel Richmond Inc
Is Friends Of Carmel Richmond Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Carmel Richmond Inc (EIN: 133149480) shows mixed signals. Mission Score: 40/100. 3 red flags identified, 3 strengths noted.
Is Friends Of Carmel Richmond Inc a good charity to donate to?
Friends Of Carmel Richmond Inc has a Mission Score of 40/100. Revenue: $3.0M. Assets: $4.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Friends Of Carmel Richmond Inc?
The Employer Identification Number (EIN) for Friends Of Carmel Richmond Inc is 133149480. 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 Friends Of Carmel Richmond Inc spend its money?
Friends Of Carmel Richmond Inc allocates 0% to programs, 100% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Friends Of Carmel Richmond Inc's tax-exempt status?
You can verify Friends Of Carmel Richmond Inc's tax-exempt status using EIN 133149480 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
Friends Of Carmel Richmond Inc appears to be a supporting organization, as indicated by its NTEE code E91I and consistent lack of reported program service expenses in its 990 filings. The organization's financial health shows a pattern of modest revenue generation, typically under $200,000 annually, with assets steadily growing over the past decade, reaching $3,386,254 in the latest filing. However, the most recent filing (202303) shows expenses significantly exceeding revenue ($185,162 vs. $85,416), leading to a net loss for the period. This trend of expenses sometimes exceeding revenue is not new, as seen in 201903 and 201403, but the organization's substantial asset base provides a buffer.
Spending efficiency is difficult to assess directly from the provided data, as the organization consistently reports $0 for program service expenses, suggesting its primary function might be fundraising or asset management for another entity rather than direct program delivery. This structure inherently impacts how 'efficiency' is typically measured for direct service charities. Transparency regarding its ultimate programmatic impact is limited by this reporting structure, as the 990s do not detail how its funds ultimately support the mission of Carmel Richmond.
Executive compensation is consistently reported as 0%, which is a positive indicator for donor confidence regarding administrative overhead. However, the organization's liabilities have fluctuated, reaching a high of $4,500 in the latest period, which is relatively low compared to its assets. Overall, while financially stable in terms of assets, the lack of direct program spending and occasional operating deficits warrant closer examination of its role and ultimate impact.