Quick charity verification for The George E Richmond Foundation (EIN: 204234710)
Verdict: The George E Richmond Foundation appears trustworthy
75/100Mission Score
$3.8MRevenue
$46.1MAssets
2Red Flags
4Strengths
Red Flags
Consistent operating deficits where expenses exceed revenue in recent years (e.g., 2023, 2022, 2021, 2020, 2019, 2015, 2014)
Lack of detailed expense breakdown (program, admin, fundraising) in provided summary data
Strengths
Substantial asset base ($46,080,047) providing financial stability
Consistent IRS 990 filing history (10 filings) indicating transparency and compliance
0% reported officer compensation, suggesting efficient use of funds for mission
Long-term operational history since at least 2011
Spending Breakdown
How The George E Richmond 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 The George E Richmond Foundation
Is The George E Richmond Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The George E Richmond Foundation (EIN: 204234710) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is The George E Richmond Foundation a good charity to donate to?
The George E Richmond Foundation has a Mission Score of 75/100. Revenue: $3.8M. Assets: $46.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The George E Richmond Foundation?
The Employer Identification Number (EIN) for The George E Richmond Foundation is 204234710. 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 The George E Richmond Foundation spend its money?
The George E Richmond Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The George E Richmond Foundation's tax-exempt status?
You can verify The George E Richmond Foundation's tax-exempt status using EIN 204234710 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 George E Richmond Foundation demonstrates a consistent commitment to its mission, as evidenced by its program spending. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the organization's financial health appears stable with substantial assets of $46,080,047. However, a notable trend is that expenses have frequently exceeded revenue in recent years, such as in 2023 where expenses were $2,758,425 against revenues of $2,211,183, and in 2022 where expenses were $2,611,842 against revenues of $1,152,621. This consistent deficit spending, while potentially covered by investment income or prior year reserves, warrants closer examination to ensure long-term sustainability. The foundation's transparency is bolstered by its consistent filing of IRS Form 990s, with 10 filings available, indicating adherence to reporting requirements.