Richard Schwartz Family Foundation Inc
Richard Schwartz Family Foundation maintains strong assets and zero officer compensation amidst fluctuating revenues.
EIN: 203974427 · Northampton, MA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $268K |
| Program Spending | 95% |
| Net Assets | $3.4M |
| Transparency Score | 90/100 |
Is Richard Schwartz Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Richard Schwartz Family Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Richard Schwartz Family Foundation Inc
Richard Schwartz Family Foundation Inc (EIN: 203974427) is a nonprofit organization based in Northampton, MA, classified under NTEE code T20. The organization reported total revenue of $1.9M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Richard Schwartz Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Richard Schwartz Family Foundation Inc is a mid-size nonprofit that has been operating for 19 years, with 6 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of 46.9%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $663K |
| Total Expenses | $268K |
| Surplus / Deficit | +$395K |
| Total Assets | $3.4M |
| Total Liabilities | $1 |
| Net Assets | $3.4M |
| Operating Margin | 59.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 149.8 months |
Financial Health Grade: A
In 2019, Richard Schwartz Family Foundation Inc reported a surplus of $395K with revenue exceeding expenses, holds 149.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 6 years of filings (2011–2019), Richard Schwartz Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 46.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -72.0% | +465.1% | +7.3% |
| 2015 | +3374.6% | -23.0% | +289.6% |
| 2014 | -0.7% | -9.0% | +0.8% |
| 2013 | +122.9% | +42.5% | +0.1% |
| 2012 | +0.6% | +1.2% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Schwartz Family Foundation Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Richard Schwartz Family Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $395K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the foundation's leadership is either unpaid or compensated through other means not reported as officer compensation, which is highly favorable for a nonprofit of its size.
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 Schwartz Family Foundation Inc's IRS 990 filings:
- Highly fluctuating revenue, which could indicate reliance on unpredictable funding sources.
Strengths
The following positive indicators were identified for Richard Schwartz Family Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating high efficiency and dedication to mission.
- Strong asset base ($3,350,558 latest) relative to expenses, providing financial stability.
- Minimal liabilities ($0 or $1 across all filings), demonstrating sound financial management.
- Low expense ratios relative to revenue in most periods, suggesting efficient operations.
Frequently Asked Questions about Richard Schwartz Family Foundation Inc
Is Richard Schwartz Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Richard Schwartz Family Foundation Inc (EIN: 203974427) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Richard Schwartz Family Foundation Inc spend its money?
Richard Schwartz Family Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Richard Schwartz Family Foundation Inc tax-deductible?
Richard Schwartz Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203974427). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Richard Schwartz Family Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Richard Schwartz Family Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Richard Schwartz Family Foundation Inc located?
Richard Schwartz Family Foundation Inc is headquartered in Northampton, Massachusetts and files with the IRS under EIN 203974427. It is classified under NTEE code T20.
How many years of IRS 990 filings does Richard Schwartz Family Foundation Inc have?
Richard Schwartz Family Foundation Inc has 6 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 $1.9M in total revenue.
Is the Richard Schwartz Family Foundation Inc. a good charity?
Based on the available IRS 990 data, the foundation appears to be a very good charity. It consistently reports zero officer compensation, maintains low liabilities, and has a strong asset base relative to its expenses, suggesting a high proportion of funds are directed towards its charitable purpose.
How has the foundation's revenue changed over time?
The foundation's revenue has been highly variable, ranging from $30,608 in 2011 to $2,369,077 in 2015, and $1,890,498 in its latest filing. This fluctuation suggests a reliance on unpredictable income streams, such as investment gains or large, infrequent donations.
What is the foundation's approach to executive compensation?
The foundation reports 0% officer compensation in all available filings, indicating a strong commitment to minimizing administrative costs and maximizing funds available for its programs.
Filing History
IRS 990 filing history for Richard Schwartz Family Foundation Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2019), Richard Schwartz Family Foundation Inc's revenue has grown by 2067.1%, moving from $31K to $663K. Total assets increased by 313.1% over the same period, from $811K to $3.4M. Total functional expenses rose by 471.3%, from $47K to $268K. In its most recent filing year (2019), Richard Schwartz Family Foundation Inc reported a surplus of $395K, with revenue exceeding expenses. The organization holds $1 in liabilities against $3.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $663K | $268K | $3.4M | $1 | — | — |
| 2015 | $2.4M | $47K | $3.1M | $1 | — | View 990 |
| 2014 | $68K | $62K | $802K | $0 | — | View 990 |
| 2013 | $69K | $68K | $795K | $0 | — | View 990 |
| 2012 | $31K | $48K | $794K | $0 | — | View 990 |
| 2011 | $31K | $47K | $811K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $663K, expenses of $268K, and assets of $3.4M (revenue -72.0% year-over-year).
- 2015: Revenue of $2.4M, expenses of $47K, and assets of $3.1M (revenue +3374.6% year-over-year).
- 2014: Revenue of $68K, expenses of $62K, and assets of $802K (revenue -0.7% year-over-year).
- 2013: Revenue of $69K, expenses of $68K, and assets of $795K (revenue +122.9% year-over-year).
- 2012: Revenue of $31K, expenses of $48K, and assets of $794K (revenue +0.6% year-over-year).
- 2011: Revenue of $31K, expenses of $47K, and assets of $811K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Richard Schwartz Family Foundation Inc:
Data Sources and Methodology
This transparency report for Richard Schwartz Family Foundation Inc 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.