Is Louise W & Luther W Richardson Charitable Foundation Legit?
Quick charity verification for Louise W & Luther W Richardson Charitable Foundation (EIN: 206120980)
Verdict: Louise W & Luther W Richardson Charitable Foundation shows mixed signals
65/100Mission Score
$415KRevenue
$2.1MAssets
2Red Flags
2Strengths
Red Flags
Highly inconsistent revenue and expense patterns across years, making financial forecasting difficult.
Lack of detailed expense breakdown in the provided data, hindering assessment of spending efficiency.
Strengths
Consistently reports 0% officer compensation, indicating efficient use of funds regarding executive pay.
Maintains significant assets relative to its revenue in many periods, suggesting financial stability.
Spending Breakdown
How Louise W & Luther W Richardson Charitable Foundation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Louise W & Luther W Richardson Charitable Foundation
Is Louise W & Luther W Richardson Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Louise W & Luther W Richardson Charitable Foundation (EIN: 206120980) shows mixed signals. Mission Score: 65/100. 2 red flags identified, 2 strengths noted.
Is Louise W & Luther W Richardson Charitable Foundation a good charity to donate to?
Louise W & Luther W Richardson Charitable Foundation has a Mission Score of 65/100. Revenue: $415K. Assets: $2.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Louise W & Luther W Richardson Charitable Foundation?
The Employer Identification Number (EIN) for Louise W & Luther W Richardson Charitable Foundation is 206120980. 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 Louise W & Luther W Richardson Charitable Foundation spend its money?
Louise W & Luther W Richardson Charitable Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Louise W & Luther W Richardson Charitable Foundation's tax-exempt status?
You can verify Louise W & Luther W Richardson Charitable Foundation's tax-exempt status using EIN 206120980 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 Louise W & Luther W Richardson Charitable Foundation exhibits highly erratic financial activity based on its IRS 990 filings. While the latest reported revenue is $415,449, the filing history shows extreme fluctuations, including periods with only $1 in revenue and $0 in expenses, alongside a significant revenue spike to $2,259,104 in 2022. This inconsistency makes a clear assessment of financial health challenging. The foundation consistently reports $0 in officer compensation, which is a positive indicator for donor confidence regarding executive pay. However, the lack of detailed expense breakdowns in the provided data prevents a thorough analysis of spending efficiency across programs, administration, and fundraising. The foundation's assets have also fluctuated, from a high of $2,206,320 in 2022 to $2,122,678 in 2023, indicating active management or investment changes. Without more granular expense data, it's difficult to ascertain if the foundation is effectively deploying its resources towards its mission.