Richwood Pre School Incorporated
Richwood Pre School: Consistent Revenue, High Program Spending, but Limited Public Transparency
EIN: 222578565 · Lewes, DE · NTEE: B21Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $144K |
| Total Expenses | $130K |
| Program Spending | 90% |
| Net Assets | $55K |
| Transparency Score | 75/100 |
Is Richwood Pre School Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Richwood Pre School Incorporated directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Richwood Pre School Incorporated
Richwood Pre School Incorporated (EIN: 222578565) is a nonprofit organization based in Lewes, DE, classified under NTEE code B21Z. The organization reported total revenue of $144K and total assets of $61K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Richwood Pre School Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Richwood Pre School Incorporated is a small nonprofit that has been operating for 41 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of -0.5%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $144K |
| Total Expenses | $130K |
| Surplus / Deficit | +$14K |
| Total Assets | $61K |
| Total Liabilities | $6K |
| Net Assets | $55K |
| Operating Margin | 9.6% |
| Debt-to-Asset Ratio | 9.6% |
| Months of Reserves | 5.6 months |
Financial Health Grade: A
In 2021, Richwood Pre School Incorporated reported a surplus of $14K with revenue exceeding expenses, holds 5.6 months of operating reserves (adequate), has a debt-to-asset ratio of 9.6% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2021), Richwood Pre School Incorporated's revenue has declined at a compound annual growth rate (CAGR) of -0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +28.2% | +17.6% | +36.5% |
| 2020 | -43.1% | -43.6% | +6.0% |
| 2019 | +6.2% | +12.9% | +2.6% |
| 2018 | +3.8% | +2.4% | +43.7% |
| 2017 | -0.5% | -7.4% | +39.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1985 |
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 Richwood Pre School Incorporated 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Richwood Pre School Incorporated allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $14K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.6%.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, making it impossible to assess its reasonableness.
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 Richwood Pre School Incorporated's IRS 990 filings:
- Lack of detailed program descriptions and impact metrics.
- No information on executive compensation, which is a key transparency metric for nonprofits.
Strengths
The following positive indicators were identified for Richwood Pre School Incorporated:
- Consistently high percentage of expenses dedicated to programs (e.g., 90% in 2021 based on expenses of $130,217 out of $143,971 revenue).
- Stable revenue streams over multiple years, indicating consistent support.
- Healthy asset growth from $20,486 in 2016 to $61,160 in 2021.
Frequently Asked Questions about Richwood Pre School Incorporated
Is Richwood Pre School Incorporated a legitimate charity?
Richwood Pre School Incorporated (EIN: 222578565) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 75/100. It has 11 years of IRS 990 filings on record. Total revenue: $144K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Richwood Pre School Incorporated spend its money?
Richwood Pre School Incorporated directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Richwood Pre School Incorporated tax-deductible?
Richwood Pre School Incorporated is registered as a tax-exempt nonprofit (EIN: 222578565). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Richwood Pre School Incorporated's spending goes to programs?
Richwood Pre School Incorporated directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Richwood Pre School Incorporated compare to similar nonprofits?
With a transparency score of 75/100 (Good), Richwood Pre School Incorporated is above average for NTEE category B21Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Richwood Pre School Incorporated located?
Richwood Pre School Incorporated is headquartered in Lewes, Delaware and files with the IRS under EIN 222578565. It is classified under NTEE code B21Z.
How many years of IRS 990 filings does Richwood Pre School Incorporated have?
Richwood Pre School Incorporated has 11 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 $144K in total revenue.
What does Richwood Pre School Incorporated do?
Richwood Pre School Incorporated is a nonprofit organization in the Education sector, located in Lewes, Delaware. It is classified under NTEE code B21Z.
How much revenue does Richwood Pre School Incorporated have?
Richwood Pre School Incorporated reported total revenue of $143,971. Based on 11 IRS 990 filings on record.
What are Richwood Pre School Incorporated's total assets?
Richwood Pre School Incorporated holds total assets of $61,160 as reported in IRS 990 filings.
Where is Richwood Pre School Incorporated located?
Richwood Pre School Incorporated is based in Lewes, Delaware.
What is Richwood Pre School Incorporated's EIN?
Richwood Pre School Incorporated's Employer Identification Number (EIN) is 222578565. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Richwood Pre School Incorporated?
Richwood Pre School Incorporated is classified under NTEE code B21Z (Education).
Is Richwood Pre School Incorporated a registered 501(c)(3)?
Yes, Richwood Pre School Incorporated is recognized as a tax-exempt organization by the IRS. EIN: 222578565.
Does Richwood Pre School Incorporated file IRS Form 990?
Yes, Richwood Pre School Incorporated has 11 IRS Form 990 filings on record. The most recent covers tax period 202112.
What was Richwood Pre School Incorporated's revenue in 2021?
In the 202112 filing period, Richwood Pre School Incorporated reported total revenue of $143,971, total expenses of $130,217, and net assets of $61,160.
Is Richwood Pre School Incorporated's revenue growing or declining?
Richwood Pre School Incorporated's revenue is growing. Revenue went from $112,323 (202012) to $143,971 (202112), a +28.2% change. Based on 11 filings on record.
What is Richwood Pre School Incorporated's most recent 990 filing?
The most recent IRS Form 990 filing for Richwood Pre School Incorporated covers tax period 202112. It shows revenue of $143,971, expenses of $130,217, total assets of $61,160, and liabilities of $5,851.
How much does Richwood Pre School Incorporated spend on programs vs administration?
Based on IRS 990 analysis, Richwood Pre School Incorporated allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Richwood Pre School Incorporated a trustworthy charity?
Based on AI analysis of IRS 990 data, Richwood Pre School Incorporated appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Richwood Pre School Incorporated?
The following concerns were identified: Lack of detailed program descriptions and impact metrics.. No information on executive compensation, which is a key transparency metric for nonprofits.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Richwood Pre School Incorporated's strengths?
Positive indicators for Richwood Pre School Incorporated include: Consistently high percentage of expenses dedicated to programs (e.g., 90% in 2021 based on expenses of $130,217 out of $143,971 revenue).. Stable revenue streams over multiple years, indicating consistent support.. Healthy asset growth from $20,486 in 2016 to $61,160 in 2021.. These findings are derived from AI analysis of the organization's financial filings.
How does Richwood Pre School Incorporated compensate executives?
Executive compensation is not reported in the provided data, making it impossible to assess its reasonableness. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent revenue and high program spending, what specific educational outcomes or student achievements does Richwood Pre School report to demonstrate its impact?
The provided data focuses solely on financial figures (revenue, expenses, assets) and does not include any metrics or narratives regarding educational outcomes, student progress, or specific program achievements. This information would be crucial for a comprehensive assessment of their effectiveness.
How does Richwood Pre School manage its administrative and fundraising costs to consistently keep them at such low percentages, and what specific activities fall under these categories?
While the data indicates low administrative and fundraising percentages, it does not detail the specific strategies or activities that contribute to this efficiency. Understanding the breakdown of these costs (e.g., specific administrative roles, fundraising methods) would provide insight into their operational model.
Filing History
IRS 990 filing history for Richwood Pre School Incorporated showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Richwood Pre School Incorporated's revenue has declined by 5%, moving from $152K to $144K. Total assets increased by 61.6% over the same period, from $38K to $61K. Total functional expenses fell by 5.5%, from $138K to $130K. In its most recent filing year (2021), Richwood Pre School Incorporated reported a surplus of $14K, with revenue exceeding expenses. The organization holds $6K in liabilities against $61K in assets (debt-to-asset ratio: 9.6%), resulting in net assets of $55K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $144K | $130K | $61K | $6K | — | — |
| 2020 | $112K | $111K | $45K | $3K | — | — |
| 2019 | $197K | $196K | $42K | $2K | — | View 990 |
| 2018 | $186K | $174K | $41K | $2K | — | View 990 |
| 2017 | $179K | $170K | $29K | $2K | — | View 990 |
| 2016 | $180K | $183K | $20K | $3K | — | View 990 |
| 2015 | $185K | $184K | $24K | $3K | — | View 990 |
| 2014 | $160K | $172K | $23K | $3K | — | View 990 |
| 2013 | $156K | $160K | $35K | $3K | — | View 990 |
| 2012 | $166K | $163K | $40K | $4K | — | View 990 |
| 2011 | $152K | $138K | $38K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $144K, expenses of $130K, and assets of $61K (revenue +28.2% year-over-year).
- 2020: Revenue of $112K, expenses of $111K, and assets of $45K (revenue -43.1% year-over-year).
- 2019: Revenue of $197K, expenses of $196K, and assets of $42K (revenue +6.2% year-over-year).
- 2018: Revenue of $186K, expenses of $174K, and assets of $41K (revenue +3.8% year-over-year).
- 2017: Revenue of $179K, expenses of $170K, and assets of $29K (revenue -0.5% year-over-year).
- 2016: Revenue of $180K, expenses of $183K, and assets of $20K (revenue -2.5% year-over-year).
- 2015: Revenue of $185K, expenses of $184K, and assets of $24K (revenue +15.2% year-over-year).
- 2014: Revenue of $160K, expenses of $172K, and assets of $23K (revenue +3.0% year-over-year).
- 2013: Revenue of $156K, expenses of $160K, and assets of $35K (revenue -6.2% year-over-year).
- 2012: Revenue of $166K, expenses of $163K, and assets of $40K (revenue +9.4% year-over-year).
- 2011: Revenue of $152K, expenses of $138K, and assets of $38K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Richwood Pre School Incorporated:
Data Sources and Methodology
This transparency report for Richwood Pre School Incorporated 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.