Richmond County Medical Society Project Access Inc
Richmond County Medical Society Project Access Inc frequently operates at a deficit, with declining assets despite consistent revenue.
EIN: 10584930 · Augusta, GA · NTEE: P99 · Updated: 2026-03-26
Is Richmond County Medical Society Project Access Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Richmond County Medical Society Project Access Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Richmond County Medical Society Project Access Inc
Richmond County Medical Society Project Access Inc (EIN: 10584930) is a nonprofit organization based in Augusta, GA, classified under NTEE code P99. The organization reported total revenue of $258K and total assets of $13K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Richmond County Medical Society Project Access 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 County Medical Society Project Access Inc with a Mission Score of 65 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: 80%
- fundraising: 5%
According to IRS 990 filings, Richmond County Medical Society Project Access Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly efficient for an organization 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 Richmond County Medical Society Project Access Inc's IRS 990 filings:
- Frequent operating deficits (expenses exceeding revenue in most recent years, e.g., 2023, 2021, 2020, 2019, 2018, 2017, 2016, 2015).
- Significant decline in total assets from $380,385 in 2014 to $27,205 in 2023, indicating a draw-down of reserves.
- Lack of clear information on how deficits are being covered beyond asset depletion.
Strengths
The following positive indicators were identified for Richmond County Medical Society Project Access Inc:
- 0% officer compensation reported across all filings, indicating highly efficient leadership costs.
- Consistent revenue generation over many years, demonstrating ongoing support for its mission.
- Regular and transparent filing of IRS Form 990s, providing a clear financial history.
Frequently Asked Questions about Richmond County Medical Society Project Access Inc
Is Richmond County Medical Society Project Access Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Richmond County Medical Society Project Access Inc (EIN: 10584930) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Richmond County Medical Society Project Access Inc spend its money?
Richmond County Medical Society Project Access Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Richmond County Medical Society Project Access Inc tax-deductible?
Richmond County Medical Society Project Access Inc is registered as a tax-exempt nonprofit (EIN: 10584930). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Richmond County Medical Society Project Access Inc a good charity?
The organization demonstrates a commitment to its mission through consistent operations and 0% officer compensation, suggesting a high dedication to program delivery. However, its frequent operating deficits and declining asset base raise concerns about long-term financial sustainability.
Why are assets declining so significantly?
Assets have decreased from a high of $380,385 in 2014 to $27,205 in 2023. This decline is likely due to the organization consistently spending more than its revenue in most years, drawing down its reserves to cover operational costs.
How does the organization sustain itself with frequent deficits?
The organization has been covering its deficits by drawing down its accumulated assets. This strategy is not sustainable in the long term, as evidenced by the significant reduction in its asset base over the past decade.
Filing History
IRS 990 filing history for Richmond County Medical Society Project Access Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Richmond County Medical Society Project Access Inc's revenue has declined by 24.2%, moving from $343K to $260K. Total assets decreased by 91.1% over the same period, from $307K to $27K. Total functional expenses fell by 24.1%, from $346K to $262K. In its most recent filing year (2023), Richmond County Medical Society Project Access Inc reported a deficit of $2K, with expenses exceeding revenue. The organization holds $9K in liabilities against $27K in assets (debt-to-asset ratio: 31.4%), resulting in net assets of $19K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $260K | $262K | $27K | $9K | — | — |
| 2022 | $275K | $272K | $22K | $799 | — | — |
| 2021 | $260K | $290K | $18K | $354 | — | View 990 |
| 2020 | $273K | $280K | $56K | $7K | — | — |
| 2019 | $265K | $368K | $59K | $3K | — | View 990 |
| 2018 | $251K | $383K | $116K | $0 | — | View 990 |
| 2017 | $288K | $365K | $248K | $0 | — | View 990 |
| 2016 | $359K | $388K | $324K | $0 | — | View 990 |
| 2015 | $339K | $366K | $353K | $0 | — | View 990 |
| 2014 | $1.8M | $1.8M | $380K | $0 | — | View 990 |
| 2013 | $345K | $353K | $371K | $388K | — | View 990 |
| 2012 | $335K | $327K | $353K | $362K | — | View 990 |
| 2011 | $343K | $346K | $307K | $325K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $260K, expenses of $262K, and assets of $27K (revenue -5.4% year-over-year).
- 2022: Revenue of $275K, expenses of $272K, and assets of $22K (revenue +5.8% year-over-year).
- 2021: Revenue of $260K, expenses of $290K, and assets of $18K (revenue -4.6% year-over-year).
- 2020: Revenue of $273K, expenses of $280K, and assets of $56K (revenue +2.7% year-over-year).
- 2019: Revenue of $265K, expenses of $368K, and assets of $59K (revenue +5.6% year-over-year).
- 2018: Revenue of $251K, expenses of $383K, and assets of $116K (revenue -12.9% year-over-year).
- 2017: Revenue of $288K, expenses of $365K, and assets of $248K (revenue -19.6% year-over-year).
- 2016: Revenue of $359K, expenses of $388K, and assets of $324K (revenue +5.9% year-over-year).
- 2015: Revenue of $339K, expenses of $366K, and assets of $353K (revenue -81.5% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.8M, and assets of $380K (revenue +431.1% year-over-year).
- 2013: Revenue of $345K, expenses of $353K, and assets of $371K (revenue +2.9% year-over-year).
- 2012: Revenue of $335K, expenses of $327K, and assets of $353K (revenue -2.3% year-over-year).
- 2011: Revenue of $343K, expenses of $346K, and assets of $307K.
Data Sources and Methodology
This transparency report for Richmond County Medical Society Project Access 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.