Richdale Charitable Foundation
Richdale Charitable Foundation consistently spends more than it earns, drawing down assets.
EIN: 202958387 · Santa Fe, NM · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $514K |
| Total Expenses | $52K |
| Program Spending | 85% |
| Net Assets | $487K |
| Transparency Score | 70/100 |
Is Richdale Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Richdale Charitable Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Richdale Charitable Foundation
Richdale Charitable Foundation (EIN: 202958387) is a nonprofit organization based in Santa Fe, NM, classified under NTEE code T20. The organization reported total revenue of $514K and total assets of $470K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Richdale Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Richdale Charitable Foundation is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $58K |
| Total Expenses | $52K |
| Surplus / Deficit | +$6K |
| Total Assets | $488K |
| Total Liabilities | $1K |
| Net Assets | $487K |
| Operating Margin | 10.8% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 113.6 months |
Financial Health Grade: A
In 2023, Richdale Charitable Foundation reported a surplus of $6K with revenue exceeding expenses, holds 113.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Richdale Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +57.7% | -22.4% | +1.5% |
| 2022 | -38.4% | +13.5% | -5.8% |
| 2021 | +109.6% | -1.6% | +0.2% |
| 2020 | +46.8% | +19.8% | -5.7% |
| 2019 | -67.2% | -25.6% | -15.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Richdale Charitable 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: 85%
- fundraising: 0%
According to IRS 990 filings, Richdale Charitable Foundation allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% 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 surplus of $6K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that officers are not paid, which is a positive for a foundation of this 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 Richdale Charitable Foundation's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in most recent years, leading to asset depletion.
- Lack of detailed expense breakdown (program vs. admin) in provided summary data.
Strengths
The following positive indicators were identified for Richdale Charitable Foundation:
- No officer compensation reported, indicating efficient use of funds at the executive level.
- Consistent IRS 990 filing history, demonstrating transparency.
- Very low liabilities, indicating good debt management.
Frequently Asked Questions about Richdale Charitable Foundation
Is Richdale Charitable Foundation a legitimate charity?
Richdale Charitable Foundation (EIN: 202958387) 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: $514K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Richdale Charitable Foundation spend its money?
Richdale Charitable Foundation directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Richdale Charitable Foundation tax-deductible?
Richdale Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 202958387). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Richdale Charitable Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Richdale Charitable Foundation 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 Richdale Charitable Foundation located?
Richdale Charitable Foundation is headquartered in Santa Fe, New Mexico and files with the IRS under EIN 202958387. It is classified under NTEE code T20.
How many years of IRS 990 filings does Richdale Charitable Foundation have?
Richdale Charitable 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 $514K in total revenue.
Is Richdale Charitable Foundation financially sustainable given its spending patterns?
The foundation has consistently spent more than its revenue in most recent years (e.g., 2022 expenses $66,426 vs. revenue $36,625), leading to a decline in assets from $663,139 in 2011 to $488,055 in 2023. This trend suggests it is spending down its principal, which is not sustainable long-term without new significant contributions.
What is the primary purpose of this foundation?
Based on its NTEE code T20 (Private Grantmaking Foundations), its primary purpose is to make grants to other organizations or individuals, rather than directly operating programs.
How does the foundation manage its liabilities?
The foundation consistently maintains very low liabilities, typically around $539-$1,316, indicating sound financial management in terms of debt.
Filing History
IRS 990 filing history for Richdale Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Richdale Charitable Foundation's revenue has grown by 1.1%, moving from $57K to $58K. Total assets decreased by 26.4% over the same period, from $663K to $488K. Total functional expenses fell by 4.9%, from $54K to $52K. In its most recent filing year (2023), Richdale Charitable Foundation reported a surplus of $6K, with revenue exceeding expenses. The organization holds $1K in liabilities against $488K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $487K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $58K | $52K | $488K | $1K | — | — |
| 2022 | $37K | $66K | $481K | $539 | — | View 990 |
| 2021 | $60K | $59K | $511K | $539 | — | View 990 |
| 2020 | $28K | $59K | $510K | $539 | — | — |
| 2019 | $19K | $50K | $541K | $539 | — | — |
| 2015 | $59K | $67K | $637K | $539 | — | View 990 |
| 2014 | $67K | $73K | $644K | $539 | — | View 990 |
| 2013 | $58K | $63K | $650K | $539 | — | View 990 |
| 2012 | $51K | $67K | $647K | $554 | — | View 990 |
| 2011 | $57K | $54K | $663K | $426 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $58K, expenses of $52K, and assets of $488K (revenue +57.7% year-over-year).
- 2022: Revenue of $37K, expenses of $66K, and assets of $481K (revenue -38.4% year-over-year).
- 2021: Revenue of $60K, expenses of $59K, and assets of $511K (revenue +109.6% year-over-year).
- 2020: Revenue of $28K, expenses of $59K, and assets of $510K (revenue +46.8% year-over-year).
- 2019: Revenue of $19K, expenses of $50K, and assets of $541K (revenue -67.2% year-over-year).
- 2015: Revenue of $59K, expenses of $67K, and assets of $637K (revenue -11.8% year-over-year).
- 2014: Revenue of $67K, expenses of $73K, and assets of $644K (revenue +16.2% year-over-year).
- 2013: Revenue of $58K, expenses of $63K, and assets of $650K (revenue +12.6% year-over-year).
- 2012: Revenue of $51K, expenses of $67K, and assets of $647K (revenue -10.5% year-over-year).
- 2011: Revenue of $57K, expenses of $54K, and assets of $663K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Richdale Charitable Foundation:
Data Sources and Methodology
This transparency report for Richdale 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.