Is Richmeier Therapeutic Homeincorporated Legit?

Quick charity verification for Richmeier Therapeutic Homeincorporated (EIN: 204776946)

Verdict: Richmeier Therapeutic Homeincorporated appears trustworthy

75/100Mission Score

$2.3MRevenue

$243KAssets

2Red Flags

4Strengths

Red Flags

Consistent 0% officer compensation reported, which is highly unusual for an organization of this size and warrants further investigation.
Relatively low asset base compared to annual revenue, suggesting limited financial reserves for unexpected events (e.g., $186,283 assets vs. $2,326,083 revenue in 2023).

Strengths

Consistent revenue generation and growth over the past decade, from $1,033,228 in 2014 to $2,326,083 in 2023.
Stable operational history with 13 IRS 990 filings, indicating regulatory compliance.
Assets have shown consistent growth, from $77,411 in 2014 to $186,283 in 2023.
Expenses generally align closely with revenue, indicating efficient use of incoming funds to cover operational costs.

Spending Breakdown

How Richmeier Therapeutic Homeincorporated allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Richmeier Therapeutic Homeincorporated

Is Richmeier Therapeutic Homeincorporated a legitimate charity?

Based on AI analysis of IRS 990 filings, Richmeier Therapeutic Homeincorporated (EIN: 204776946) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.

Is Richmeier Therapeutic Homeincorporated a good charity to donate to?

Richmeier Therapeutic Homeincorporated has a Mission Score of 75/100. Revenue: $2.3M. Assets: $243K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Richmeier Therapeutic Homeincorporated?

The Employer Identification Number (EIN) for Richmeier Therapeutic Homeincorporated is 204776946. 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 Richmeier Therapeutic Homeincorporated spend its money?

Richmeier Therapeutic Homeincorporated allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Richmeier Therapeutic Homeincorporated's tax-exempt status?

You can verify Richmeier Therapeutic Homeincorporated's tax-exempt status using EIN 204776946 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

Richmeier Therapeutic Homeincorporated demonstrates consistent operational activity with revenues generally exceeding or closely matching expenses over the past decade. The organization's assets have shown a steady increase from $77,411 in 2014 to $186,283 in 2023, indicating some financial growth and stability. However, the organization's liabilities have fluctuated, reaching a high of $144,611 in 2014 and $144,579 in 2015, before decreasing significantly in recent years, though they rose again to $32,020 in 2023. A notable aspect is the reported 0% officer compensation across all available filings, which suggests either a volunteer-led executive team or that compensation is reported under other expense categories, warranting further investigation for full transparency. The organization's NTEE code P32 (Residential Care & Adult Day Programs) aligns with its name, suggesting a clear program focus.

The financial health appears stable, with the organization managing to cover its expenses. For instance, in 2023, expenses were $2,331,298 against revenues of $2,326,083, a slight deficit, but in 2021, revenue of $2,419,805 exceeded expenses of $2,321,413. The relatively low asset base compared to its annual revenue (e.g., $186,283 assets vs. $2,326,083 revenue in 2023) suggests that the organization operates with a lean reserve, primarily spending what it earns. The consistent filing of IRS 990s over 13 periods indicates a commitment to regulatory compliance and basic transparency.

Spending efficiency is difficult to fully ascertain without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent operation and growth in revenue over time suggest that the organization is effectively utilizing its resources to deliver its services. The absence of reported officer compensation is a significant factor in assessing efficiency, as it could imply a very high proportion of funds going directly to programs if executive leadership is indeed unpaid, or it could obscure compensation if it's categorized differently. Further detail on expense allocation would be beneficial for a complete assessment of spending efficiency.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.