Friends Of Carmel Richmond Inc
Friends Of Carmel Richmond Inc consistently reports no program expenses, acting as a supporting organization with growing assets but occasional operating deficits.
EIN: 133149480 · Staten Island, NY · NTEE: E91I · Updated: 2026-03-28
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Friends Of Carmel Richmond Inc is mapped to EIN 133149480.
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| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $185K |
| Net Assets | $3.4M |
| Transparency Score | 40/100 |
Search Intent Cockpit
Friends Of Carmel Richmond Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Friends Of Carmel Richmond Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Friends Of Carmel Richmond Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $85K and expenses of $185K.
Revenue and Expenses
Friends Of Carmel Richmond Inc reported $85K in revenue and $185K in expenses, a deficit of $100K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
40/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is Friends Of Carmel Richmond Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Across stored filings, Friends Of Carmel Richmond Inc shows contribution history pending. Next enrichment targets: revenue-source fields, functional expense detail, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Significant Concerns | Good filing record; 3 red flags identified |
| Mission spend | Pending | Unknown |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Health context |
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About Friends Of Carmel Richmond Inc
Friends Of Carmel Richmond Inc (EIN: 133149480) is a nonprofit organization based in Staten Island, NY, classified under NTEE code E91I. The organization reported total revenue of $3.0M and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Carmel Richmond Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Carmel Richmond Inc is a mid-size nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $85K |
| Total Expenses | $185K |
| Surplus / Deficit | $-99,746 |
| Total Assets | $3.4M |
| Total Liabilities | $5K |
| Net Assets | $3.4M |
| Operating Margin | -116.8% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 219.5 months |
Financial Health Grade: B
In 2023, Friends Of Carmel Richmond Inc reported a deficit of $100K with expenses exceeding revenue, holds 219.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of Carmel Richmond Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -46.4% | +16.3% | -8.5% |
| 2022 | +14.9% | +157.5% | +0.8% |
| 2021 | -33.8% | +49.7% | +19.1% |
| 2020 | +65.3% | -71.7% | -2.9% |
| 2019 | +66.1% | +267.9% | +2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1946 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of Carmel Richmond Inc with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Friends Of Carmel Richmond Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $100K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating no direct salary payments to officers, which is a strong positive for administrative cost control.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Friends Of Carmel Richmond Inc's IRS 990 filings:
- Consistently reports $0 in program service expenses, making direct impact assessment difficult.
- Significant operating deficit in the latest filing (202303), with expenses more than double revenue.
- Lack of clarity on how the 'Latest Revenue' figure ($2,970,790) relates to annual reported revenues.
Strengths
The following positive indicators were identified for Friends Of Carmel Richmond Inc:
- Consistent growth in assets over the past decade, indicating financial stability.
- 0% reported officer compensation across all filings, demonstrating low administrative burden for executive pay.
- Relatively low liabilities compared to assets, suggesting good financial management of debt.
Frequently Asked Questions about Friends Of Carmel Richmond Inc
Is Friends Of Carmel Richmond Inc a legitimate charity?
Friends Of Carmel Richmond Inc (EIN: 133149480) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 40/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.0M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Friends Of Carmel Richmond Inc spend its money?
Friends Of Carmel Richmond Inc reported $3.0M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Friends Of Carmel Richmond Inc tax-deductible?
Friends Of Carmel Richmond Inc is registered as a tax-exempt nonprofit (EIN: 133149480). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Friends Of Carmel Richmond Inc compare to similar nonprofits?
With a transparency score of 40/100 (Fair), Friends Of Carmel Richmond Inc is near average for NTEE category E91I nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of Carmel Richmond Inc located?
Friends Of Carmel Richmond Inc is headquartered in Staten Island, New York and files with the IRS under EIN 133149480. It is classified under NTEE code E91I.
How many years of IRS 990 filings does Friends Of Carmel Richmond Inc have?
Friends Of Carmel Richmond Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.0M in total revenue.
What is the specific relationship between Friends Of Carmel Richmond Inc and Carmel Richmond?
The NTEE code E91I (Supporting Organizations) suggests Friends Of Carmel Richmond Inc exists to support another organization, likely Carmel Richmond. Its 990 filings consistently report $0 in program service expenses, indicating it does not directly run programs but rather provides financial or other support to its beneficiary.
How does the organization's revenue of $2,970,790 (latest available) reconcile with the annual filing revenues, which are much lower?
The 'Latest Revenue' of $2,970,790 likely refers to a different reporting period or a cumulative figure not directly comparable to the annual revenue figures from the individual 990 filings (e.g., $85,416 for 202303). Donors should seek clarification on this discrepancy to understand the organization's true scale of operations.
Given $0 in program expenses, how are the organization's funds ultimately used to achieve its mission?
Since the organization reports $0 in program service expenses, its funds are likely transferred to or used to benefit its supported organization. The 990 filings do not detail these transfers or the specific programmatic impact of the funds, which limits transparency on how donor contributions ultimately serve the mission.
Why did expenses significantly exceed revenue in the 202303 period ($185,162 expenses vs. $85,416 revenue)?
In the 202303 period, the organization experienced an operating deficit where expenses were more than double its revenue. While its substantial asset base ($3,386,254) can absorb such deficits, a recurring pattern could indicate unsustainable spending relative to its fundraising efforts.
Filing History
IRS 990 filing history for Friends Of Carmel Richmond Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of Carmel Richmond Inc's revenue has grown by 5.3%, moving from $81K to $85K. Total assets increased by 36.4% over the same period, from $2.5M to $3.4M. Total functional expenses rose by 841.4%, from $20K to $185K. In its most recent filing year (2023), Friends Of Carmel Richmond Inc reported a deficit of $100K, with expenses exceeding revenue. The organization holds $5K in liabilities against $3.4M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $85K | $185K | $3.4M | $5K | — | View 990 |
| 2022 | $159K | $159K | $3.7M | $4K | — | View 990 |
| 2021 | $139K | $62K | $3.7M | $4K | — | View 990 |
| 2020 | $210K | $41K | $3.1M | $6K | — | View 990 |
| 2019 | $127K | $146K | $3.2M | $6K | — | View 990 |
| 2018 | $76K | $40K | $3.1M | $8K | — | View 990 |
| 2017 | $79K | $68K | $2.8M | $9K | — | View 990 |
| 2016 | $59K | $37K | $2.7M | $4K | — | View 990 |
| 2015 | $56K | $27K | $2.7M | $6K | — | View 990 |
| 2014 | $58K | $122K | $2.6M | $8K | — | View 990 |
| 2013 | $69K | $58K | $2.6M | $8K | — | View 990 |
| 2012 | $60K | $32K | $2.5M | $5K | — | View 990 |
| 2011 | $81K | $20K | $2.5M | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $85K, expenses of $185K, and assets of $3.4M (revenue -46.4% year-over-year).
- 2022: Revenue of $159K, expenses of $159K, and assets of $3.7M (revenue +14.9% year-over-year).
- 2021: Revenue of $139K, expenses of $62K, and assets of $3.7M (revenue -33.8% year-over-year).
- 2020: Revenue of $210K, expenses of $41K, and assets of $3.1M (revenue +65.3% year-over-year).
- 2019: Revenue of $127K, expenses of $146K, and assets of $3.2M (revenue +66.1% year-over-year).
- 2018: Revenue of $76K, expenses of $40K, and assets of $3.1M (revenue -3.1% year-over-year).
- 2017: Revenue of $79K, expenses of $68K, and assets of $2.8M (revenue +34.3% year-over-year).
- 2016: Revenue of $59K, expenses of $37K, and assets of $2.7M (revenue +4.6% year-over-year).
- 2015: Revenue of $56K, expenses of $27K, and assets of $2.7M (revenue -3.1% year-over-year).
- 2014: Revenue of $58K, expenses of $122K, and assets of $2.6M (revenue -16.1% year-over-year).
- 2013: Revenue of $69K, expenses of $58K, and assets of $2.6M (revenue +14.1% year-over-year).
- 2012: Revenue of $60K, expenses of $32K, and assets of $2.5M (revenue -25.5% year-over-year).
- 2011: Revenue of $81K, expenses of $20K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Carmel Richmond Inc:
Data Sources and Methodology
This transparency report for Friends Of Carmel Richmond Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.