Quick charity verification for Richards Family Foundation (EIN: 20762705)
Verdict: Richards Family Foundation appears trustworthy
85/100Mission Score
$4KRevenue
$29KAssets
2Red Flags
4Strengths
Red Flags
Very low and fluctuating revenue, limiting potential impact
Lack of detailed program expense breakdown in summary data
Strengths
Consistent 0% officer compensation, indicating volunteer leadership and high efficiency
Very low liabilities ($1 or $0 across all filings), showing strong financial stability
Consistent filing of IRS 990s, demonstrating transparency
Positive asset growth over the long term, from $17,012 in 2011 to $28,795 currently
Spending Breakdown
How Richards Family Foundation 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 Richards Family Foundation
Is Richards Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Richards Family Foundation (EIN: 20762705) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Richards Family Foundation a good charity to donate to?
Richards Family Foundation has a Mission Score of 85/100. Revenue: $4K. Assets: $29K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Richards Family Foundation?
The Employer Identification Number (EIN) for Richards Family Foundation is 20762705. 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 Richards Family Foundation spend its money?
Richards Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Richards Family Foundation's tax-exempt status?
You can verify Richards Family Foundation's tax-exempt status using EIN 20762705 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 Richards Family Foundation operates as a small private foundation, as evidenced by its modest assets of $28,795 and latest reported revenue of $3,782. Its financial activity has fluctuated significantly over the years, with revenue peaking at $70,340 in 2015 and dropping to as low as $734 in 2022. The organization consistently reports zero officer compensation, which is a positive indicator of volunteer leadership and efficient use of funds for its stated purpose. However, with such low revenue and assets, the scale of its programmatic impact is inherently limited.
Spending efficiency appears to be high, particularly given the consistent reporting of zero officer compensation across all available filings. For instance, in 2022, with expenses of $389 against revenue of $734, a significant portion would likely be directed towards its charitable activities, assuming minimal administrative overhead. The foundation's liabilities have consistently been reported as $1 (or $0 in 2011), indicating a very stable financial position with virtually no debt.
Transparency is generally good, with nine years of IRS 990 filings available. The consistent reporting of key financial metrics and zero officer compensation provides a clear picture of its operational model. While the NTEE code T20 (Private Grantmaking Foundations) suggests its primary activity is grantmaking, the filings do not provide detailed breakdowns of program vs. administrative expenses, which is common for smaller foundations filing the 990-PF or e-Postcard. However, the overall financial health, characterized by low liabilities and volunteer leadership, suggests a well-managed, albeit small, entity.