Jack L Richardson Charitable Foundation Inc
Jack L Richardson Charitable Foundation Inc. shows inconsistent revenue and declining assets over the past decade.
EIN: 202595074 · Tulsa, OK · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $486K |
| Total Expenses | $57K |
| Program Spending | 70% |
| Net Assets | $739K |
| Transparency Score | 45/100 |
Is Jack L Richardson Charitable Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jack L Richardson Charitable Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Jack L Richardson Charitable Foundation Inc
Jack L Richardson Charitable Foundation Inc (EIN: 202595074) is a nonprofit organization based in Tulsa, OK, classified under NTEE code T22. The organization reported total revenue of $486K and total assets of $807K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jack L Richardson Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jack L Richardson Charitable Foundation Inc is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14K |
| Total Expenses | $57K |
| Surplus / Deficit | $-43,231 |
| Total Assets | $739K |
| Total Liabilities | $1 |
| Net Assets | $739K |
| Operating Margin | -303.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 154.3 months |
Financial Health Grade: B
In 2023, Jack L Richardson Charitable Foundation Inc reported a deficit of $43K with expenses exceeding revenue, holds 154.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Jack L Richardson Charitable Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -82.6% | -12.2% | -5.5% |
| 2022 | +3.3% | +19.2% | +2.2% |
| 2019 | -383.2% | +143.9% | +5.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Jack L Richardson Charitable Foundation Inc with a Mission Score of 45 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Jack L Richardson Charitable Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $43K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or directors are paid, which is a positive for resource allocation within the organization.
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 Jack L Richardson Charitable Foundation Inc's IRS 990 filings:
- Frequent negative revenue periods (e.g., -$170,583 in 2020, -$7,303 in 2019).
- Expenses consistently exceeding revenue in multiple years (e.g., 2023, 2022, 2021, 2020, 2019, 2015, 2013, 2012, 2011).
- Declining asset base from $954,270 in 2011 to $739,013 in 2023, indicating unsustainable operations.
- Lack of detailed expense breakdown in provided data makes efficiency assessment difficult.
Strengths
The following positive indicators were identified for Jack L Richardson Charitable Foundation Inc:
- No officer compensation reported across all filings, indicating efficient use of funds for leadership.
- Minimal liabilities reported ($1 in recent years), suggesting a low debt burden.
Frequently Asked Questions about Jack L Richardson Charitable Foundation Inc
Is Jack L Richardson Charitable Foundation Inc a legitimate charity?
Jack L Richardson Charitable Foundation Inc (EIN: 202595074) is a registered tax-exempt nonprofit based in Oklahoma. Our AI analysis gives it a Mission Score of 45/100. It has 10 years of IRS 990 filings on record. Total revenue: $486K. 4 red flags identified. 2 strengths noted. Financial health grade: B.
How does Jack L Richardson Charitable Foundation Inc spend its money?
Jack L Richardson Charitable Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Jack L Richardson Charitable Foundation Inc tax-deductible?
Jack L Richardson Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202595074). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Jack L Richardson Charitable Foundation Inc's spending goes to programs?
Jack L Richardson Charitable Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Jack L Richardson Charitable Foundation Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Jack L Richardson Charitable Foundation Inc is near average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Jack L Richardson Charitable Foundation Inc located?
Jack L Richardson Charitable Foundation Inc is headquartered in Tulsa, Oklahoma and files with the IRS under EIN 202595074. It is classified under NTEE code T22.
How many years of IRS 990 filings does Jack L Richardson Charitable Foundation Inc have?
Jack L Richardson Charitable Foundation Inc has 10 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 $486K in total revenue.
What caused the significant negative revenue in 2020 ($-170,583) and 2019 ($-7,303)?
The IRS 990 filings show these figures as reported revenue, which could be due to investment losses or significant returns of contributions. Further detail from the organization's financial statements would be needed to understand the specific causes.
How does the organization plan to address the trend of expenses exceeding revenue in most years?
The historical data indicates that expenses have frequently surpassed revenue, leading to a reduction in assets. A clear strategy for sustainable funding or expense management would be crucial for long-term viability.
What are the specific program activities funded by the foundation, and what is their impact?
The NTEE code T22 indicates 'Private Grantmaking Foundations.' While the filings show expenses, they do not detail the specific programs or grants made, making it difficult to assess direct impact.
What is the breakdown of expenses into program, administrative, and fundraising categories?
The provided summary data does not offer a detailed breakdown of expenses. This information is critical for assessing the organization's spending efficiency and how much of its budget directly supports its mission.
Filing History
IRS 990 filing history for Jack L Richardson Charitable Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Jack L Richardson Charitable Foundation Inc's revenue has declined by 56.3%, moving from $33K to $14K. Total assets decreased by 22.6% over the same period, from $954K to $739K. Total functional expenses fell by 39.3%, from $95K to $57K. In its most recent filing year (2023), Jack L Richardson Charitable Foundation Inc reported a deficit of $43K, with expenses exceeding revenue. The organization holds $1 in liabilities against $739K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $739K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14K | $57K | $739K | $1 | — | View 990 |
| 2022 | $82K | $65K | $782K | $1 | — | View 990 |
| 2021 | $79K | $55K | $766K | $1 | — | View 990 |
| 2020 | $-170,583 | $39K | $741K | $1 | — | View 990 |
| 2019 | $-7,303 | $67K | $950K | $1 | — | View 990 |
| 2015 | $3K | $28K | $900K | $1 | — | View 990 |
| 2014 | $127K | $33K | $925K | $0 | — | View 990 |
| 2013 | $33K | $82K | $831K | $0 | — | View 990 |
| 2012 | $9K | $84K | $880K | $0 | — | View 990 |
| 2011 | $33K | $95K | $954K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14K, expenses of $57K, and assets of $739K (revenue -82.6% year-over-year).
- 2022: Revenue of $82K, expenses of $65K, and assets of $782K (revenue +3.3% year-over-year).
- 2021: Revenue of $79K, expenses of $55K, and assets of $766K.
- 2020: Revenue of $-170,583, expenses of $39K, and assets of $741K.
- 2019: Revenue of $-7,303, expenses of $67K, and assets of $950K (revenue -383.2% year-over-year).
- 2015: Revenue of $3K, expenses of $28K, and assets of $900K (revenue -98.0% year-over-year).
- 2014: Revenue of $127K, expenses of $33K, and assets of $925K (revenue +288.6% year-over-year).
- 2013: Revenue of $33K, expenses of $82K, and assets of $831K (revenue +258.7% year-over-year).
- 2012: Revenue of $9K, expenses of $84K, and assets of $880K (revenue -72.1% year-over-year).
- 2011: Revenue of $33K, expenses of $95K, and assets of $954K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jack L Richardson Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Jack L Richardson Charitable Foundation 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.