Richfield Public Shools Plan
Richfield Public Schools Plan shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 201397082 · Clinton, IA · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $872K |
| Total Expenses | $454K |
| Program Spending | 90% |
| Net Assets | $2.2M |
| Transparency Score | 92/100 |
Is Richfield Public Shools Plan Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Richfield Public Shools Plan directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Richfield Public Shools Plan
Richfield Public Shools Plan (EIN: 201397082) is a nonprofit organization based in Clinton, IA, classified under NTEE code Y43. The organization reported total revenue of $872K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Richfield Public Shools Plan's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Richfield Public Shools Plan is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $723K |
| Total Expenses | $454K |
| Surplus / Deficit | +$270K |
| Total Assets | $2.2M |
| Total Liabilities | $33 |
| Net Assets | $2.2M |
| Operating Margin | 37.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 57.5 months |
Financial Health Grade: A
In 2023, Richfield Public Shools Plan reported a surplus of $270K with revenue exceeding expenses, holds 57.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Richfield Public Shools Plan's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.7% | -0.5% | +14.7% |
| 2022 | +31.4% | -0.4% | +10.8% |
| 2021 | +1.2% | +10.1% | +2.1% |
| 2020 | -9.7% | -4.8% | +4.5% |
| 2019 | +5.3% | +17.6% | +6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Richfield Public Shools Plan with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Richfield Public Shools Plan allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $270K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Richfield Public Schools Plan reports 0% officer compensation across all available filings, indicating that executive leadership is likely volunteer-based or compensated through non-officer roles, which is highly favorable for donor perception and resource allocation.
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.
Strengths
The following positive indicators were identified for Richfield Public Shools Plan:
- Consistent revenue growth, from $453,344 in 2014 to $723,254 in 2023.
- Strong asset accumulation, growing from $1,069,082 in 2014 to $2,172,765 in 2023.
- Zero reported officer compensation across all filings, indicating high efficiency in leadership costs.
- Consistent positive net income, with revenues consistently exceeding expenses (e.g., $723,254 revenue vs. $453,540 expenses in 2023).
- Low liabilities, with $0 reported in most periods and only $33 in the latest 202312 filing.
Frequently Asked Questions about Richfield Public Shools Plan
Is Richfield Public Shools Plan a legitimate charity?
Based on AI analysis of IRS 990 filings, Richfield Public Shools Plan (EIN: 201397082) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Richfield Public Shools Plan spend its money?
Richfield Public Shools Plan directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Richfield Public Shools Plan tax-deductible?
Richfield Public Shools Plan is registered as a tax-exempt nonprofit (EIN: 201397082). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Richfield Public Shools Plan's spending goes to programs?
Richfield Public Shools Plan directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Richfield Public Shools Plan compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Richfield Public Shools Plan is above average for NTEE category Y43 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Richfield Public Shools Plan located?
Richfield Public Shools Plan is headquartered in Clinton, Iowa and files with the IRS under EIN 201397082. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Richfield Public Shools Plan have?
Richfield Public Shools Plan has 13 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 $872K in total revenue.
Is Richfield Public Schools Plan a good charity?
Based on the provided financial data, Richfield Public Schools Plan appears to be a very good charity. They demonstrate strong financial health, consistent asset growth, and a commitment to program spending, with no reported officer compensation.
How has the organization's financial health changed over time?
The organization's financial health has consistently improved over time. Revenue has grown from $453,344 in 2014 to $723,254 in 2023, and assets have more than doubled from $1,069,082 to $2,172,765 in the same period, indicating strong financial management and sustainability.
What is the organization's approach to executive compensation?
Richfield Public Schools Plan reports 0% officer compensation in all available filings, suggesting a volunteer-driven leadership model or that compensation is structured in a way that does not fall under 'officer compensation' on the 990 form. This is generally viewed as a positive for efficiency.
Filing History
IRS 990 filing history for Richfield Public Shools Plan showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Richfield Public Shools Plan's revenue has grown by 71.8%, moving from $421K to $723K. Total assets increased by 164.6% over the same period, from $821K to $2.2M. Total functional expenses rose by 45%, from $313K to $454K. In its most recent filing year (2023), Richfield Public Shools Plan reported a surplus of $270K, with revenue exceeding expenses. The organization holds $33 in liabilities against $2.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $723K | $454K | $2.2M | $33 | — | — |
| 2022 | $648K | $456K | $1.9M | $0 | — | — |
| 2021 | $493K | $457K | $1.7M | $0 | — | View 990 |
| 2020 | $487K | $415K | $1.7M | $0 | — | View 990 |
| 2019 | $539K | $436K | $1.6M | $0 | — | View 990 |
| 2018 | $512K | $371K | $1.5M | $0 | — | View 990 |
| 2017 | $489K | $423K | $1.4M | $0 | — | View 990 |
| 2016 | $489K | $396K | $1.3M | $0 | — | View 990 |
| 2015 | $527K | $396K | $1.2M | $0 | — | View 990 |
| 2014 | $453K | $374K | $1.1M | $0 | — | View 990 |
| 2013 | $445K | $375K | $989K | $0 | — | View 990 |
| 2012 | $440K | $341K | $920K | $0 | — | View 990 |
| 2011 | $421K | $313K | $821K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $723K, expenses of $454K, and assets of $2.2M (revenue +11.7% year-over-year).
- 2022: Revenue of $648K, expenses of $456K, and assets of $1.9M (revenue +31.4% year-over-year).
- 2021: Revenue of $493K, expenses of $457K, and assets of $1.7M (revenue +1.2% year-over-year).
- 2020: Revenue of $487K, expenses of $415K, and assets of $1.7M (revenue -9.7% year-over-year).
- 2019: Revenue of $539K, expenses of $436K, and assets of $1.6M (revenue +5.3% year-over-year).
- 2018: Revenue of $512K, expenses of $371K, and assets of $1.5M (revenue +4.8% year-over-year).
- 2017: Revenue of $489K, expenses of $423K, and assets of $1.4M (revenue -0.1% year-over-year).
- 2016: Revenue of $489K, expenses of $396K, and assets of $1.3M (revenue -7.1% year-over-year).
- 2015: Revenue of $527K, expenses of $396K, and assets of $1.2M (revenue +16.2% year-over-year).
- 2014: Revenue of $453K, expenses of $374K, and assets of $1.1M (revenue +1.9% year-over-year).
- 2013: Revenue of $445K, expenses of $375K, and assets of $989K (revenue +1.2% year-over-year).
- 2012: Revenue of $440K, expenses of $341K, and assets of $920K (revenue +4.4% year-over-year).
- 2011: Revenue of $421K, expenses of $313K, and assets of $821K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Richfield Public Shools Plan:
Data Sources and Methodology
This transparency report for Richfield Public Shools Plan 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.