Richard And Helen Devos Foundation
EIN: 456659303 · Grand Rapids, MI · NTEE: T22
| Metric | Value |
|---|---|
| Total Revenue | $12.0M |
| Total Expenses | $3.5M |
| Net Assets | $86K |
Is Richard And Helen Devos Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Richard And Helen Devos Foundation
Richard And Helen Devos Foundation (EIN: 456659303) is a nonprofit organization based in Grand Rapids, MI, classified under NTEE code T22. The organization reported total revenue of $12.0M and total assets of $95K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Richard And Helen Devos Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Richard And Helen Devos Foundation is a large nonprofit that has been operating for 14 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 34.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $3.5M |
| Surplus / Deficit | +$35K |
| Total Assets | $86K |
| Total Liabilities | $1 |
| Net Assets | $86K |
| Operating Margin | 1.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 0.3 months |
Financial Health Grade: A
In 2023, Richard And Helen Devos Foundation reported a surplus of $35K with revenue exceeding expenses, holds 0.3 months of operating reserves (limited), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Richard And Helen Devos Foundation's revenue has grown at a compound annual growth rate (CAGR) of 34.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -34.8% | -35.0% | +66.7% |
| 2022 | -51.9% | -53.3% | +67.2% |
| 2021 | -20.4% | -40.3% | -88.8% |
| 2020 | -55.0% | -28.2% | -94.9% |
| 2019 | -30.1% | -50.8% | -71.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Richard And Helen Devos Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Richard And Helen Devos Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $35K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Richard And Helen Devos Foundation
Is Richard And Helen Devos Foundation a legitimate charity?
Richard And Helen Devos Foundation (EIN: 456659303) is a registered tax-exempt nonprofit based in Michigan. It has 10 years of IRS 990 filings on record. Total revenue: $12.0M. No red flags identified. Financial health grade: A.
How does Richard And Helen Devos Foundation spend its money?
Richard And Helen Devos Foundation reported $12.0M in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Richard And Helen Devos Foundation tax-deductible?
Richard And Helen Devos Foundation is registered as a tax-exempt nonprofit (EIN: 456659303). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Richard And Helen Devos Foundation located?
Richard And Helen Devos Foundation is headquartered in Grand Rapids, Michigan and files with the IRS under EIN 456659303. It is classified under NTEE code T22.
How many years of IRS 990 filings does Richard And Helen Devos Foundation have?
Richard And Helen Devos 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 $12.0M in total revenue.
Filing History
IRS 990 filing history for Richard And Helen Devos Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Richard And Helen Devos Foundation's revenue has grown by 3418%, moving from $100K to $3.5M. Total assets decreased by 13.5% over the same period, from $100K to $86K. In its most recent filing year (2023), Richard And Helen Devos Foundation reported a surplus of $35K, with revenue exceeding expenses. The organization holds $1 in liabilities against $86K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $86K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.5M | $3.5M | $86K | $1 | — | — |
| 2022 | $5.4M | $5.4M | $52K | $700 | — | View 990 |
| 2021 | $11.2M | $11.5M | $31K | $18K | — | View 990 |
| 2020 | $14.1M | $19.2M | $278K | $39 | — | View 990 |
| 2019 | $31.3M | $26.8M | $5.4M | $3K | — | View 990 |
| 2015 | $44.9M | $54.5M | $19.3M | $0 | — | View 990 |
| 2014 | $54.9M | $49.7M | $29.0M | $59K | — | View 990 |
| 2013 | $26.1M | $48.8M | $26.7M | $69K | — | View 990 |
| 2012 | $99.7M | $53.0M | $49.4M | $80K | — | View 990 |
| 2011 | $100K | $0 | $100K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.5M, expenses of $3.5M, and assets of $86K (revenue -34.8% year-over-year).
- 2022: Revenue of $5.4M, expenses of $5.4M, and assets of $52K (revenue -51.9% year-over-year).
- 2021: Revenue of $11.2M, expenses of $11.5M, and assets of $31K (revenue -20.4% year-over-year).
- 2020: Revenue of $14.1M, expenses of $19.2M, and assets of $278K (revenue -55.0% year-over-year).
- 2019: Revenue of $31.3M, expenses of $26.8M, and assets of $5.4M (revenue -30.1% year-over-year).
- 2015: Revenue of $44.9M, expenses of $54.5M, and assets of $19.3M (revenue -18.3% year-over-year).
- 2014: Revenue of $54.9M, expenses of $49.7M, and assets of $29.0M (revenue +110.5% year-over-year).
- 2013: Revenue of $26.1M, expenses of $48.8M, and assets of $26.7M (revenue -73.8% year-over-year).
- 2012: Revenue of $99.7M, expenses of $53.0M, and assets of $49.4M (revenue +99603.7% year-over-year).
- 2011: Revenue of $100K, expenses of $0, and assets of $100K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Richard And Helen Devos Foundation:
Data Sources and Methodology
This transparency report for Richard And Helen Devos 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.