Richmond Children Center Inc
Richmond Children Center Inc maintains stable finances with consistent revenue and assets, reporting no officer compensation.
EIN: 132736761 · Mount Kisco, NY · NTEE: F320 · Updated: 2026-03-28
Is Richmond Children Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Richmond Children Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Richmond Children Center Inc
Richmond Children Center Inc (EIN: 132736761) is a nonprofit organization based in Mount Kisco, NY, classified under NTEE code F320. The organization reported total revenue of $48.9M and total assets of $29.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Richmond Children Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Richmond Children Center Inc with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Richmond Children Center Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size ($46M+ revenue) and suggests either a volunteer executive leadership or compensation is structured and reported differently.
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 Richmond Children Center Inc's IRS 990 filings:
- Consistent reporting of 0% officer compensation for a large organization, which may obscure actual executive remuneration practices.
- Operational deficit in the latest filing (202312) where expenses exceeded revenue by over $2.6 million.
Strengths
The following positive indicators were identified for Richmond Children Center Inc:
- Long operating history with 13 IRS 990 filings, indicating stability and established operations.
- Substantial and consistent asset base (around $29 million in recent years), providing financial stability.
- Consistent revenue generation exceeding $40 million annually, demonstrating strong funding streams.
Frequently Asked Questions about Richmond Children Center Inc
Is Richmond Children Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Richmond Children Center Inc (EIN: 132736761) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Richmond Children Center Inc spend its money?
Richmond Children Center Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Richmond Children Center Inc tax-deductible?
Richmond Children Center Inc is registered as a tax-exempt nonprofit (EIN: 132736761). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Richmond Children Center Inc cover executive compensation if 0% is reported?
The consistent reporting of 0% officer compensation across all filings for an organization with revenues exceeding $40 million annually suggests that executive leadership may be volunteer-based, compensated through a related entity, or that compensation is not categorized under 'officer compensation' in the provided summary data. Further investigation into the full IRS 990 forms would be necessary to understand the complete compensation structure.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of program, administrative, and fundraising expenses. This information is crucial for a comprehensive assessment of spending efficiency and how resources are allocated to the mission versus overhead.
What caused the operational deficit in 202312, where expenses exceeded revenue by over $2.6 million?
In 202312, Richmond Children Center Inc reported expenses of $48,850,109 against revenues of $46,199,145, resulting in an operational deficit. The specific causes for this deficit are not detailed in the provided summary data, but could include increased program costs, one-time expenditures, or a temporary dip in funding.
Filing History
IRS 990 filing history for Richmond Children Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Richmond Children Center Inc's revenue has grown by 38.3%, moving from $33.4M to $46.2M. Total assets increased by 29.1% over the same period, from $22.9M to $29.6M. Total functional expenses rose by 46.7%, from $33.3M to $48.9M. In its most recent filing year (2023), Richmond Children Center Inc reported a deficit of $2.7M, with expenses exceeding revenue. The organization holds $13.0M in liabilities against $29.6M in assets (debt-to-asset ratio: 43.9%), resulting in net assets of $16.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $46.2M | $48.9M | $29.6M | $13.0M | — | — |
| 2022 | $49.5M | $49.3M | $30.9M | $11.9M | — | View 990 |
| 2021 | $46.5M | $39.8M | $29.6M | $10.6M | — | View 990 |
| 2020 | $41.3M | $40.9M | $29.2M | $17.0M | — | View 990 |
| 2019 | $41.8M | $42.0M | $23.0M | $11.1M | — | View 990 |
| 2018 | $42.1M | $41.5M | $24.3M | $12.6M | — | View 990 |
| 2017 | $40.7M | $40.4M | $24.2M | $13.4M | — | View 990 |
| 2016 | $39.4M | $39.4M | $25.0M | $14.4M | — | View 990 |
| 2015 | $37.8M | $38.0M | $25.4M | $18.1M | — | View 990 |
| 2014 | $37.9M | $38.5M | $25.8M | $18.3M | — | View 990 |
| 2013 | $39.3M | $38.3M | $23.9M | $15.0M | — | View 990 |
| 2012 | $36.1M | $35.0M | $22.5M | $15.5M | — | View 990 |
| 2011 | $33.4M | $33.3M | $22.9M | $16.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $46.2M, expenses of $48.9M, and assets of $29.6M (revenue -6.8% year-over-year).
- 2022: Revenue of $49.5M, expenses of $49.3M, and assets of $30.9M (revenue +6.6% year-over-year).
- 2021: Revenue of $46.5M, expenses of $39.8M, and assets of $29.6M (revenue +12.5% year-over-year).
- 2020: Revenue of $41.3M, expenses of $40.9M, and assets of $29.2M (revenue -1.3% year-over-year).
- 2019: Revenue of $41.8M, expenses of $42.0M, and assets of $23.0M (revenue -0.6% year-over-year).
- 2018: Revenue of $42.1M, expenses of $41.5M, and assets of $24.3M (revenue +3.5% year-over-year).
- 2017: Revenue of $40.7M, expenses of $40.4M, and assets of $24.2M (revenue +3.3% year-over-year).
- 2016: Revenue of $39.4M, expenses of $39.4M, and assets of $25.0M (revenue +4.1% year-over-year).
- 2015: Revenue of $37.8M, expenses of $38.0M, and assets of $25.4M (revenue -0.3% year-over-year).
- 2014: Revenue of $37.9M, expenses of $38.5M, and assets of $25.8M (revenue -3.5% year-over-year).
- 2013: Revenue of $39.3M, expenses of $38.3M, and assets of $23.9M (revenue +8.8% year-over-year).
- 2012: Revenue of $36.1M, expenses of $35.0M, and assets of $22.5M (revenue +8.1% year-over-year).
- 2011: Revenue of $33.4M, expenses of $33.3M, and assets of $22.9M.
Data Sources and Methodology
This transparency report for Richmond Children Center 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.