Richard L Bready Charitable Foundation
EIN: 611481052 · Providence, RI
| Metric | Value |
|---|---|
| Total Expenses | $736K |
| Net Assets | $130K |
Is Richard L Bready Charitable 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 L Bready Charitable Foundation
Richard L Bready Charitable Foundation (EIN: 611481052) is a nonprofit organization based in Providence, RI. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Richard L Bready Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Richard L Bready Charitable Foundation is a micro nonprofit, with 5 years of IRS 990 filings on record (2012–2016). Revenue has grown at a compound annual rate of 23.7%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $67K |
| Total Expenses | $736K |
| Surplus / Deficit | $-668,743 |
| Total Assets | $130K |
| Total Liabilities | $1 |
| Net Assets | $130K |
| Operating Margin | -993.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 2.1 months |
Financial Health Grade: C
In 2016, Richard L Bready Charitable Foundation reported a deficit of $669K with expenses exceeding revenue, holds 2.1 months of operating reserves (limited), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2012–2016), Richard L Bready Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 23.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -88.7% | +14.9% | -86.8% |
| 2015 | +1179.8% | +137.2% | +70.1% |
| 2014 | -96.3% | +163.9% | -54.1% |
| 2013 | +4295.2% | +82.1% | +998.8% |
AI Analysis Pending
AI enrichment for Richard L Bready Charitable 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 L Bready Charitable 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 (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $669K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Richard L Bready Charitable Foundation
Is Richard L Bready Charitable Foundation a legitimate charity?
Richard L Bready Charitable Foundation (EIN: 611481052) is a registered tax-exempt nonprofit based in Rhode Island. It has 5 years of IRS 990 filings on record. No red flags identified. Financial health grade: C.
How does Richard L Bready Charitable Foundation spend its money?
Richard L Bready Charitable Foundation reported its financials in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Richard L Bready Charitable Foundation tax-deductible?
Richard L Bready Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 611481052). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Richard L Bready Charitable Foundation located?
Richard L Bready Charitable Foundation is headquartered in Providence, Rhode Island and files with the IRS under EIN 611481052.
How many years of IRS 990 filings does Richard L Bready Charitable Foundation have?
Richard L Bready Charitable Foundation has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Richard L Bready Charitable Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2012–2016), Richard L Bready Charitable Foundation's revenue has grown by 134.4%, moving from $29K to $67K. Total assets increased by 12.9% over the same period, from $115K to $130K. Total functional expenses rose by 1209.6%, from $56K to $736K. In its most recent filing year (2016), Richard L Bready Charitable Foundation reported a deficit of $669K, with expenses exceeding revenue. The organization holds $1 in liabilities against $130K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $130K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $67K | $736K | $130K | $1 | — | View 990 |
| 2015 | $594K | $641K | $989K | $1 | — | View 990 |
| 2014 | $46K | $270K | $581K | $1 | — | View 990 |
| 2013 | $1.3M | $102K | $1.3M | $1 | — | View 990 |
| 2012 | $29K | $56K | $115K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $67K, expenses of $736K, and assets of $130K (revenue -88.7% year-over-year).
- 2015: Revenue of $594K, expenses of $641K, and assets of $989K (revenue +1179.8% year-over-year).
- 2014: Revenue of $46K, expenses of $270K, and assets of $581K (revenue -96.3% year-over-year).
- 2013: Revenue of $1.3M, expenses of $102K, and assets of $1.3M (revenue +4295.2% year-over-year).
- 2012: Revenue of $29K, expenses of $56K, and assets of $115K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Richard L Bready Charitable Foundation:
Data Sources and Methodology
This transparency report for Richard L Bready 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.