Richard Schmid Fine Art Foundation
EIN: 832313143 · Walpole, NH · NTEE: A51
| Metric | Value |
|---|---|
| Total Revenue | $413K |
| Total Expenses | $381K |
| Net Assets | $5.8M |
Is Richard Schmid Fine Art 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 Schmid Fine Art Foundation
Richard Schmid Fine Art Foundation (EIN: 832313143) is a nonprofit organization based in Walpole, NH, classified under NTEE code A51. The organization reported total revenue of $413K and total assets of $5.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Richard Schmid Fine Art Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Richard Schmid Fine Art Foundation is a small nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -74.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $381K |
| Surplus / Deficit | +$1.1M |
| Total Assets | $5.8M |
| Total Liabilities | $34K |
| Net Assets | $5.8M |
| Operating Margin | 73.9% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 183.2 months |
Financial Health Grade: A
In 2023, Richard Schmid Fine Art Foundation reported a surplus of $1.1M with revenue exceeding expenses, holds 183.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Richard Schmid Fine Art Foundation's revenue has declined at a compound annual growth rate (CAGR) of -74.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -74.5% | +137.3% | +4.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Richard Schmid Fine Art 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 Schmid Fine Art 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 $1.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Frequently Asked Questions about Richard Schmid Fine Art Foundation
Is Richard Schmid Fine Art Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Richard Schmid Fine Art Foundation (EIN: 832313143) insufficient data. 0 red flags identified, 0 strengths noted.
How does Richard Schmid Fine Art Foundation spend its money?
Detailed spending breakdown data is not yet available for Richard Schmid Fine Art Foundation. Check back for updated IRS 990 analysis.
Are donations to Richard Schmid Fine Art Foundation tax-deductible?
Richard Schmid Fine Art Foundation is registered as a tax-exempt nonprofit (EIN: 832313143). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Richard Schmid Fine Art Foundation located?
Richard Schmid Fine Art Foundation is headquartered in Walpole, New Hampshire and files with the IRS under EIN 832313143. It is classified under NTEE code A51.
How many years of IRS 990 filings does Richard Schmid Fine Art Foundation have?
Richard Schmid Fine Art Foundation has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $413K in total revenue.
Filing History
IRS 990 filing history for Richard Schmid Fine Art Foundation showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Richard Schmid Fine Art Foundation's revenue has declined by 74.5%, moving from $5.7M to $1.5M. Total assets increased by 4.3% over the same period, from $5.6M to $5.8M. Total functional expenses rose by 137.3%, from $161K to $381K. In its most recent filing year (2023), Richard Schmid Fine Art Foundation reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $34K in liabilities against $5.8M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $5.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $381K | $5.8M | $34K | — | View 990 |
| 2022 | $5.7M | $161K | $5.6M | $23K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Richard Schmid Fine Art Foundation:
Data Sources and Methodology
This transparency report for Richard Schmid Fine Art 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.