Louise W & Luther W Richardson Charitable Foundation
Louise W & Luther W Richardson Charitable Foundation shows highly volatile revenue and expenses, with no officer compensation reported.
EIN: 206120980 · Tuscaloosa, AL · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $415K |
| Total Expenses | $100K |
| Program Spending | 80% |
| Net Assets | $2.1M |
| Transparency Score | 65/100 |
Is Louise W & Luther W Richardson Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Louise W & Luther W Richardson Charitable Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Louise W & Luther W Richardson Charitable Foundation
Louise W & Luther W Richardson Charitable Foundation (EIN: 206120980) is a nonprofit organization based in Tuscaloosa, AL, classified under NTEE code T22. The organization reported total revenue of $415K and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Louise W & Luther W Richardson Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Louise W & Luther W Richardson Charitable Foundation is a small nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 124.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16K |
| Total Expenses | $100K |
| Surplus / Deficit | $-83,642 |
| Total Assets | $2.1M |
| Total Liabilities | $1 |
| Net Assets | $2.1M |
| Operating Margin | -515.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 255.0 months |
Financial Health Grade: B
In 2023, Louise W & Luther W Richardson Charitable Foundation reported a deficit of $84K with expenses exceeding revenue, holds 255.0 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), Louise W & Luther W Richardson Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 124.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -99.3% | +79.6% | -3.8% |
| 2022 | +225910300.0% | +28568.6% | +77779.3% |
| 2021 | -95.0% | — | -6.4% |
| 2020 | +25.0% | -100.0% | +0.7% |
| 2019 | +1500.0% | +224.3% | -24.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Louise W & Luther W Richardson Charitable Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Louise W & Luther W Richardson Charitable Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $84K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is a strong positive for financial efficiency.
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 Louise W & Luther W Richardson Charitable Foundation's IRS 990 filings:
- Highly inconsistent revenue and expense patterns across years, making financial forecasting difficult.
- Lack of detailed expense breakdown in the provided data, hindering assessment of spending efficiency.
Strengths
The following positive indicators were identified for Louise W & Luther W Richardson Charitable Foundation:
- Consistently reports 0% officer compensation, indicating efficient use of funds regarding executive pay.
- Maintains significant assets relative to its revenue in many periods, suggesting financial stability.
Frequently Asked Questions about Louise W & Luther W Richardson Charitable Foundation
Is Louise W & Luther W Richardson Charitable Foundation a legitimate charity?
Louise W & Luther W Richardson Charitable Foundation (EIN: 206120980) is a registered tax-exempt nonprofit based in Alabama. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $415K. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Louise W & Luther W Richardson Charitable Foundation spend its money?
Louise W & Luther W Richardson Charitable Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Louise W & Luther W Richardson Charitable Foundation tax-deductible?
Louise W & Luther W Richardson Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 206120980). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Louise W & Luther W Richardson Charitable Foundation's spending goes to programs?
Louise W & Luther W Richardson Charitable Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Louise W & Luther W Richardson Charitable Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Louise W & Luther W Richardson Charitable Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Louise W & Luther W Richardson Charitable Foundation located?
Louise W & Luther W Richardson Charitable Foundation is headquartered in Tuscaloosa, Alabama and files with the IRS under EIN 206120980. It is classified under NTEE code T22.
How many years of IRS 990 filings does Louise W & Luther W Richardson Charitable Foundation have?
Louise W & Luther W Richardson Charitable 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 $415K in total revenue.
What caused the significant revenue spike in 2022 to over $2.2 million, and the subsequent drop in 2023?
The provided data does not specify the source of the $2,259,104 revenue in 2022 or the reason for the decrease to $16,240 in 2023, making it difficult to assess the sustainability of its funding.
How does the foundation manage to operate with such low reported expenses in many years, sometimes $0?
The filings show multiple periods with extremely low or zero reported expenses, which could indicate minimal operational activity, reliance on volunteer efforts, or that certain expenses are not being captured in the provided summary data.
What are the specific program activities and their associated costs, given the lack of detailed expense breakdowns?
Without a detailed breakdown of expenses beyond the summary, it's impossible to determine the specific programs the foundation supports or the efficiency of its program spending.
Filing History
IRS 990 filing history for Louise W & Luther W Richardson Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Louise W & Luther W Richardson Charitable Foundation's revenue has grown by 1623900%, moving from $1 to $16K. Total assets increased by 46675.6% over the same period, from $5K to $2.1M. In its most recent filing year (2023), Louise W & Luther W Richardson Charitable Foundation reported a deficit of $84K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16K | $100K | $2.1M | $1 | — | — |
| 2022 | $2.3M | $56K | $2.2M | $1 | — | View 990 |
| 2021 | $1 | $194 | $3K | $1 | — | View 990 |
| 2020 | $20 | $0 | $3K | $1 | — | — |
| 2019 | $16 | $600 | $3K | $1 | — | View 990 |
| 2015 | $1 | $185 | $4K | $1 | — | View 990 |
| 2014 | $1 | $250 | $4K | $1 | — | View 990 |
| 2013 | $1 | $0 | $5K | $1 | — | View 990 |
| 2012 | $1 | $0 | $5K | $1 | — | View 990 |
| 2011 | $1 | $0 | $5K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16K, expenses of $100K, and assets of $2.1M (revenue -99.3% year-over-year).
- 2022: Revenue of $2.3M, expenses of $56K, and assets of $2.2M (revenue +225910300.0% year-over-year).
- 2021: Revenue of $1, expenses of $194, and assets of $3K (revenue -95.0% year-over-year).
- 2020: Revenue of $20, expenses of $0, and assets of $3K (revenue +25.0% year-over-year).
- 2019: Revenue of $16, expenses of $600, and assets of $3K (revenue +1500.0% year-over-year).
- 2015: Revenue of $1, expenses of $185, and assets of $4K (revenue +0.0% year-over-year).
- 2014: Revenue of $1, expenses of $250, and assets of $4K (revenue +0.0% year-over-year).
- 2013: Revenue of $1, expenses of $0, and assets of $5K (revenue +0.0% year-over-year).
- 2012: Revenue of $1, expenses of $0, and assets of $5K (revenue +0.0% year-over-year).
- 2011: Revenue of $1, expenses of $0, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Louise W & Luther W Richardson Charitable Foundation:
Data Sources and Methodology
This transparency report for Louise W & Luther W Richardson Charitable 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.