Quick charity verification for Richmond Memorial Cemetery Inc (EIN: 203508824)
Verdict: Richmond Memorial Cemetery Inc appears trustworthy
90/100Mission Score
$25KRevenue
$542KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth (from $464,940 in 2014 to $536,754 in 2023)
Zero reported liabilities across all filings, indicating strong financial health
Consistent operational surpluses (e.g., $18,747 revenue vs. $15,980 expenses in 2023)
No officer compensation reported, maximizing resource allocation to mission
Regular and consistent IRS 990 filing history (13 filings), demonstrating transparency
Spending Breakdown
How Richmond Memorial Cemetery Inc 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 Richmond Memorial Cemetery Inc
Is Richmond Memorial Cemetery Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Richmond Memorial Cemetery Inc (EIN: 203508824) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Richmond Memorial Cemetery Inc a good charity to donate to?
Richmond Memorial Cemetery Inc has a Mission Score of 90/100. Revenue: $25K. Assets: $542K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Richmond Memorial Cemetery Inc?
The Employer Identification Number (EIN) for Richmond Memorial Cemetery Inc is 203508824. 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 Richmond Memorial Cemetery Inc spend its money?
Richmond Memorial Cemetery Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Richmond Memorial Cemetery Inc's tax-exempt status?
You can verify Richmond Memorial Cemetery Inc's tax-exempt status using EIN 203508824 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
Richmond Memorial Cemetery Inc demonstrates consistent financial stability with a strong asset base relative to its annual revenue. Over the past decade, assets have steadily grown from $464,940 in 2014 to $536,754 in 2023, indicating sound financial management and accumulation of resources. The organization consistently operates with a surplus, as evidenced by revenues generally exceeding expenses, such as $18,747 in revenue against $15,980 in expenses in 2023. This consistent surplus contributes to its growing asset base and long-term sustainability. The organization's liabilities have consistently been reported as $0 across all available filings, which is a significant indicator of financial health and low financial risk. This suggests the organization is not reliant on debt and manages its operations within its available resources.
Spending efficiency appears high, as the organization's primary function is likely cemetery maintenance, which typically involves direct program costs. Without a detailed breakdown of expenses beyond total expenses, it's challenging to precisely determine program vs. administrative spending. However, given the nature of the organization and its consistent operational surpluses, it's reasonable to infer that a significant portion of its modest expenses are directed towards its mission. The absence of officer compensation further suggests that resources are conserved and directed towards the organization's purpose. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to transparency and regulatory compliance.
Overall, Richmond Memorial Cemetery Inc appears to be a financially healthy and well-managed organization. Its consistent asset growth, lack of liabilities, and operational surpluses point to a sustainable model. The absence of executive compensation is a strong positive for efficiency and resource allocation. While a more granular expense breakdown would enhance transparency, the available data suggests a responsible and mission-focused approach to its finances.