Richmond Memorial Cemetery Inc
Richmond Memorial Cemetery Inc maintains consistent financial stability with growing assets and no liabilities.
EIN: 203508824 · Prestonsburg, KY · NTEE: Y50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $25K |
| Total Expenses | $16K |
| Program Spending | 90% |
| Net Assets | $537K |
| Transparency Score | 90/100 |
Is Richmond Memorial Cemetery Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Richmond Memorial Cemetery Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Richmond Memorial Cemetery Inc
Richmond Memorial Cemetery Inc (EIN: 203508824) is a nonprofit organization based in Prestonsburg, KY, classified under NTEE code Y50. The organization reported total revenue of $25K and total assets of $542K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Richmond Memorial Cemetery Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Richmond Memorial Cemetery Inc is a micro nonprofit that has been operating for 20 years, with 13 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 | $19K |
| Total Expenses | $16K |
| Surplus / Deficit | +$3K |
| Total Assets | $537K |
| Net Assets | $537K |
| Operating Margin | 14.8% |
| Months of Reserves | 403.1 months |
Financial Health Grade: A
In 2023, Richmond Memorial Cemetery Inc reported a surplus of $3K with revenue exceeding expenses, holds 403.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Richmond Memorial Cemetery Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.3% | +3.2% | +0.5% |
| 2022 | -36.5% | +10.6% | +0.6% |
| 2021 | -20.8% | -18.1% | +2.9% |
| 2020 | +76.6% | +33.3% | +4.0% |
| 2019 | -7.2% | +3.8% | +1.6% |
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 Richmond Memorial Cemetery 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Richmond Memorial Cemetery Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $3K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either volunteer-based or compensated through other means not reported 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.
Strengths
The following positive indicators were identified for Richmond Memorial Cemetery Inc:
- Consistent asset growth (from $464,940 in 2014 to $536,754 in 2023)
- Zero reported liabilities across all filings, indicating strong financial health
- Consistent operational surpluses (e.g., $18,747 revenue vs. $15,980 expenses in 2023)
- No officer compensation reported, maximizing resource allocation to mission
- Regular and consistent IRS 990 filing history (13 filings), demonstrating transparency
Frequently Asked Questions about Richmond Memorial Cemetery Inc
Is Richmond Memorial Cemetery Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Richmond Memorial Cemetery Inc (EIN: 203508824) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Richmond Memorial Cemetery Inc spend its money?
Richmond Memorial Cemetery Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Richmond Memorial Cemetery Inc tax-deductible?
Richmond Memorial Cemetery Inc is registered as a tax-exempt nonprofit (EIN: 203508824). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Richmond Memorial Cemetery Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Richmond Memorial Cemetery Inc is above average for NTEE category Y50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Richmond Memorial Cemetery Inc located?
Richmond Memorial Cemetery Inc is headquartered in Prestonsburg, Kentucky and files with the IRS under EIN 203508824. It is classified under NTEE code Y50.
How many years of IRS 990 filings does Richmond Memorial Cemetery Inc have?
Richmond Memorial Cemetery Inc 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 $25K in total revenue.
Is Richmond Memorial Cemetery Inc financially stable?
Yes, the organization is financially stable, demonstrating consistent asset growth from $464,940 in 2014 to $536,754 in 2023, and consistently reporting $0 in liabilities.
Does Richmond Memorial Cemetery Inc pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation, suggesting a volunteer-led or very lean administrative structure.
How efficiently does Richmond Memorial Cemetery Inc use its funds?
The organization appears highly efficient, operating with consistent surpluses (e.g., $18,747 revenue vs. $15,980 expenses in 2023) and reporting no officer compensation, indicating resources are primarily directed towards its mission.
What is the trend in Richmond Memorial Cemetery Inc's assets?
The organization's assets have shown a consistent upward trend, growing from $464,940 in 2014 to $536,754 in 2023, indicating sound financial management and accumulation of resources.
Filing History
IRS 990 filing history for Richmond Memorial Cemetery Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Richmond Memorial Cemetery Inc's revenue has declined by 0.9%, moving from $19K to $19K. Total assets increased by 22.2% over the same period, from $439K to $537K. Total functional expenses rose by 19.4%, from $13K to $16K. In its most recent filing year (2023), Richmond Memorial Cemetery Inc reported a surplus of $3K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $19K | $16K | $537K | $0 | — | — |
| 2022 | $18K | $15K | $534K | $0 | — | View 990 |
| 2021 | $29K | $14K | $531K | $0 | — | — |
| 2020 | $37K | $17K | $516K | $1 | — | View 990 |
| 2019 | $21K | $13K | $496K | $0 | — | View 990 |
| 2018 | $22K | $12K | $488K | $0 | — | View 990 |
| 2017 | $20K | $16K | $478K | $0 | — | View 990 |
| 2016 | $19K | $13K | $473K | $0 | — | View 990 |
| 2015 | $22K | $20K | $467K | $0 | — | View 990 |
| 2014 | $23K | $12K | $465K | $0 | — | View 990 |
| 2013 | $23K | $11K | $455K | $0 | — | View 990 |
| 2012 | $16K | $13K | $442K | $0 | — | View 990 |
| 2011 | $19K | $13K | $439K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $19K, expenses of $16K, and assets of $537K (revenue +1.3% year-over-year).
- 2022: Revenue of $18K, expenses of $15K, and assets of $534K (revenue -36.5% year-over-year).
- 2021: Revenue of $29K, expenses of $14K, and assets of $531K (revenue -20.8% year-over-year).
- 2020: Revenue of $37K, expenses of $17K, and assets of $516K (revenue +76.6% year-over-year).
- 2019: Revenue of $21K, expenses of $13K, and assets of $496K (revenue -7.2% year-over-year).
- 2018: Revenue of $22K, expenses of $12K, and assets of $488K (revenue +10.1% year-over-year).
- 2017: Revenue of $20K, expenses of $16K, and assets of $478K (revenue +4.7% year-over-year).
- 2016: Revenue of $19K, expenses of $13K, and assets of $473K (revenue -11.4% year-over-year).
- 2015: Revenue of $22K, expenses of $20K, and assets of $467K (revenue -4.0% year-over-year).
- 2014: Revenue of $23K, expenses of $12K, and assets of $465K (revenue -2.5% year-over-year).
- 2013: Revenue of $23K, expenses of $11K, and assets of $455K (revenue +46.3% year-over-year).
- 2012: Revenue of $16K, expenses of $13K, and assets of $442K (revenue -15.2% year-over-year).
- 2011: Revenue of $19K, expenses of $13K, and assets of $439K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Richmond Memorial Cemetery Inc:
Data Sources and Methodology
This transparency report for Richmond Memorial Cemetery 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.