Richard H Pierce Family Foundation
Richard H Pierce Family Foundation shows volatile revenue and consistent expense overruns, maintaining assets through prior gains.
EIN: 207201885 · Albuquerque, NM · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11K |
| Total Expenses | $66K |
| Program Spending | 80% |
| Net Assets | $261K |
| Transparency Score | 70/100 |
Is Richard H Pierce Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Richard H Pierce Family Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Richard H Pierce Family Foundation
Richard H Pierce Family Foundation (EIN: 207201885) is a nonprofit organization based in Albuquerque, NM, classified under NTEE code T22. The organization reported total revenue of $11K and total assets of $205K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Richard H Pierce Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Richard H Pierce Family 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 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10K |
| Total Expenses | $66K |
| Surplus / Deficit | $-55,062 |
| Total Assets | $261K |
| Total Liabilities | $1 |
| Net Assets | $261K |
| Operating Margin | -526.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 47.8 months |
Financial Health Grade: B
In 2023, Richard H Pierce Family Foundation reported a deficit of $55K with expenses exceeding revenue, holds 47.8 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), Richard H Pierce Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2169.0% | +170.2% | -17.4% |
| 2022 | -99.9% | +205.0% | -7.0% |
| 2021 | +1434043.5% | -62.5% | +252.2% |
| 2020 | -92.6% | +69.6% | -18.0% |
| 2019 | -85.7% | -42.2% | -43.9% |
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 Richard H Pierce Family Foundation with a Mission Score of 70 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, Richard H Pierce Family 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 $55K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the foundation's leadership operates on a volunteer basis or receives no salary, which is highly favorable for a small foundation.
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 Richard H Pierce Family Foundation's IRS 990 filings:
- Significant revenue volatility year-over-year, making financial planning difficult.
- Consistent pattern of expenses exceeding revenue, indicating reliance on asset drawdowns.
- Declining assets in recent years (from $339,982 in 2021 to $204,694 currently).
Strengths
The following positive indicators were identified for Richard H Pierce Family Foundation:
- Zero officer compensation reported across all filings, indicating low administrative overhead.
- Consistently low liabilities ($1 or $0), suggesting good financial management of debt.
- Consistent filing of IRS Form 990s, demonstrating transparency.
Frequently Asked Questions about Richard H Pierce Family Foundation
Is Richard H Pierce Family Foundation a legitimate charity?
Richard H Pierce Family Foundation (EIN: 207201885) is a registered tax-exempt nonprofit based in New Mexico. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $11K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Richard H Pierce Family Foundation spend its money?
Richard H Pierce Family Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Richard H Pierce Family Foundation tax-deductible?
Richard H Pierce Family Foundation is registered as a tax-exempt nonprofit (EIN: 207201885). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Richard H Pierce Family Foundation's spending goes to programs?
Richard H Pierce Family Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Richard H Pierce Family Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Richard H Pierce Family 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 Richard H Pierce Family Foundation located?
Richard H Pierce Family Foundation is headquartered in Albuquerque, New Mexico and files with the IRS under EIN 207201885. It is classified under NTEE code T22.
How many years of IRS 990 filings does Richard H Pierce Family Foundation have?
Richard H Pierce Family 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 $11K in total revenue.
Is the Richard H Pierce Family Foundation financially sustainable given its revenue volatility?
The foundation's financial sustainability is questionable given the significant fluctuations in revenue and consistent expense overruns in many years. Its ability to cover expenses appears to rely on its asset base, which has also seen considerable changes.
What is the primary use of the foundation's assets?
As a private grantmaking foundation (T22), the primary use of its assets would be for investment to generate income and for making grants to other organizations or individuals, though specific grant details are not provided in this summary.
Why do expenses frequently exceed revenue?
Expenses frequently exceed revenue, as seen in 2023 ($65,522 expenses vs. $10,460 revenue) and 2022 ($24,250 expenses vs. $461 revenue), likely due to the foundation drawing down from its accumulated assets or endowment to fund its operations and grantmaking activities.
Filing History
IRS 990 filing history for Richard H Pierce Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Richard H Pierce Family Foundation's revenue has grown by 25.4%, moving from $8K to $10K. Total assets increased by 584.8% over the same period, from $38K to $261K. Total functional expenses rose by 139.8%, from $27K to $66K. In its most recent filing year (2023), Richard H Pierce Family Foundation reported a deficit of $55K, with expenses exceeding revenue. The organization holds $1 in liabilities against $261K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $261K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10K | $66K | $261K | $1 | — | — |
| 2022 | $461 | $24K | $316K | $1 | — | — |
| 2021 | $330K | $8K | $340K | $1 | — | — |
| 2020 | $23 | $21K | $97K | $1 | — | — |
| 2019 | $312 | $12K | $118K | $1 | — | View 990 |
| 2015 | $2K | $22K | $210K | $1 | — | View 990 |
| 2014 | $2K | $36K | $229K | $1 | — | View 990 |
| 2013 | $235K | $283K | $263K | $0 | — | View 990 |
| 2012 | $304K | $33K | $309K | $1 | — | View 990 |
| 2011 | $8K | $27K | $38K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10K, expenses of $66K, and assets of $261K (revenue +2169.0% year-over-year).
- 2022: Revenue of $461, expenses of $24K, and assets of $316K (revenue -99.9% year-over-year).
- 2021: Revenue of $330K, expenses of $8K, and assets of $340K (revenue +1434043.5% year-over-year).
- 2020: Revenue of $23, expenses of $21K, and assets of $97K (revenue -92.6% year-over-year).
- 2019: Revenue of $312, expenses of $12K, and assets of $118K (revenue -85.7% year-over-year).
- 2015: Revenue of $2K, expenses of $22K, and assets of $210K (revenue +4.7% year-over-year).
- 2014: Revenue of $2K, expenses of $36K, and assets of $229K (revenue -99.1% year-over-year).
- 2013: Revenue of $235K, expenses of $283K, and assets of $263K (revenue -22.7% year-over-year).
- 2012: Revenue of $304K, expenses of $33K, and assets of $309K (revenue +3540.2% year-over-year).
- 2011: Revenue of $8K, expenses of $27K, and assets of $38K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Richard H Pierce Family Foundation:
Data Sources and Methodology
This transparency report for Richard H Pierce Family 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.