John D Richardson Foundation
John D Richardson Foundation maintains low expenses and zero officer compensation amidst significant asset reduction.
EIN: 205850462 · Phoenix, AZ · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $61K |
| Total Expenses | $14K |
| Program Spending | 90% |
| Net Assets | $343K |
| Transparency Score | 85/100 |
Is John D Richardson Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
John D Richardson Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About John D Richardson Foundation
John D Richardson Foundation (EIN: 205850462) is a nonprofit organization based in Phoenix, AZ, classified under NTEE code T20. The organization reported total revenue of $61K and total assets of $336K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of John D Richardson Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
John D Richardson Foundation is a micro nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $54K |
| Total Expenses | $14K |
| Surplus / Deficit | +$40K |
| Total Assets | $343K |
| Total Liabilities | $1 |
| Net Assets | $343K |
| Operating Margin | 74.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 303.4 months |
Financial Health Grade: A
In 2023, John D Richardson Foundation reported a surplus of $40K with revenue exceeding expenses, holds 303.4 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), John D Richardson Foundation's revenue has grown at a compound annual growth rate (CAGR) of 8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.1% | +3.0% | -2.7% |
| 2022 | +23.1% | +5.9% | -2.7% |
| 2021 | -5.1% | -0.8% | -68.7% |
| 2020 | +22.6% | +36.1% | +11.4% |
| 2019 | +59.4% | -64.9% | +33.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 John D Richardson Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, John D Richardson Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $40K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly efficient for a nonprofit of its size.
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 John D Richardson Foundation's IRS 990 filings:
- Significant unexplained asset reduction from $1,157,378 in 2020 to $342,835 in 2023.
Strengths
The following positive indicators were identified for John D Richardson Foundation:
- Consistent low expenses relative to revenue, indicating efficient operations.
- Zero officer compensation reported across all filings, maximizing funds for mission.
- Maintains minimal liabilities, demonstrating strong financial health.
- Consistent filing of IRS 990 forms over ten periods, indicating good transparency practices.
Frequently Asked Questions about John D Richardson Foundation
Is John D Richardson Foundation a legitimate charity?
John D Richardson Foundation (EIN: 205850462) is a registered tax-exempt nonprofit based in Arizona. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $61K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does John D Richardson Foundation spend its money?
John D Richardson Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to John D Richardson Foundation tax-deductible?
John D Richardson Foundation is registered as a tax-exempt nonprofit (EIN: 205850462). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does John D Richardson Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), John D Richardson Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is John D Richardson Foundation located?
John D Richardson Foundation is headquartered in Phoenix, Arizona and files with the IRS under EIN 205850462. It is classified under NTEE code T20.
How many years of IRS 990 filings does John D Richardson Foundation have?
John D Richardson Foundation 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 $61K in total revenue.
What caused the significant decrease in assets from $1,157,378 in 2020 to $342,835 in 2023?
The provided data does not specify the reason for this substantial asset reduction. It could be due to significant program distributions, investment losses, or other financial activities not detailed in the summary.
Does the foundation have any paid staff beyond officers?
The provided data only indicates 0% officer compensation. It does not detail if other staff are compensated, which would typically fall under administrative or program expenses.
What specific programs or grants does the John D Richardson Foundation support?
The NTEE code T20 indicates 'Philanthropy, Voluntarism, and Grantmaking Foundations'. However, the provided financial data does not detail the specific programs or grants funded by the foundation.
Filing History
IRS 990 filing history for John D Richardson Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), John D Richardson Foundation's revenue has grown by 155.8%, moving from $21K to $54K. Total assets decreased by 43.4% over the same period, from $606K to $343K. Total functional expenses fell by 53%, from $29K to $14K. In its most recent filing year (2023), John D Richardson Foundation reported a surplus of $40K, with revenue exceeding expenses. The organization holds $1 in liabilities against $343K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $343K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $54K | $14K | $343K | $1 | — | — |
| 2022 | $59K | $13K | $352K | $1 | — | — |
| 2021 | $48K | $12K | $362K | $1 | — | — |
| 2020 | $51K | $13K | $1.2M | $1 | — | — |
| 2019 | $41K | $9K | $1.0M | $1 | — | View 990 |
| 2015 | $26K | $26K | $779K | $1 | — | View 990 |
| 2014 | $23K | $28K | $809K | $0 | — | View 990 |
| 2013 | $25K | $33K | $753K | $0 | — | View 990 |
| 2012 | $25K | $32K | $639K | $0 | — | View 990 |
| 2011 | $21K | $29K | $606K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $54K, expenses of $14K, and assets of $343K (revenue -9.1% year-over-year).
- 2022: Revenue of $59K, expenses of $13K, and assets of $352K (revenue +23.1% year-over-year).
- 2021: Revenue of $48K, expenses of $12K, and assets of $362K (revenue -5.1% year-over-year).
- 2020: Revenue of $51K, expenses of $13K, and assets of $1.2M (revenue +22.6% year-over-year).
- 2019: Revenue of $41K, expenses of $9K, and assets of $1.0M (revenue +59.4% year-over-year).
- 2015: Revenue of $26K, expenses of $26K, and assets of $779K (revenue +12.3% year-over-year).
- 2014: Revenue of $23K, expenses of $28K, and assets of $809K (revenue -7.6% year-over-year).
- 2013: Revenue of $25K, expenses of $33K, and assets of $753K (revenue +0.1% year-over-year).
- 2012: Revenue of $25K, expenses of $32K, and assets of $639K (revenue +18.9% year-over-year).
- 2011: Revenue of $21K, expenses of $29K, and assets of $606K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for John D Richardson Foundation:
Data Sources and Methodology
This transparency report for John D Richardson Foundation 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.