Riecker Charitable Foundation
Riecker Charitable Foundation consistently distributes more than its annual revenue, drawing down assets for grantmaking.
EIN: 208607750 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
Is Riecker Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Riecker Charitable Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Riecker Charitable Foundation
Riecker Charitable Foundation (EIN: 208607750) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $968K and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Riecker Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Riecker Charitable Foundation is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $171K |
| Total Expenses | $288K |
| Surplus / Deficit | $-116,894 |
| Total Assets | $4.0M |
| Total Liabilities | $1 |
| Net Assets | $4.0M |
| Operating Margin | -68.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 166.9 months |
Financial Health Grade: B
In 2023, Riecker Charitable Foundation reported a deficit of $117K with expenses exceeding revenue, holds 166.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Riecker Charitable Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.8% | -1.1% | -2.8% |
| 2022 | -34.2% | -6.5% | -3.2% |
| 2021 | +74.8% | +34.8% | -1.8% |
| 2020 | -58.0% | -25.7% | -2.2% |
| 2019 | +11.4% | -1.1% | -0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Riecker Charitable Foundation 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Riecker Charitable Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 deficit of $117K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the foundation, which is highly efficient for an organization of its asset size ($4,001,576 in 2023).
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 Riecker Charitable Foundation's IRS 990 filings:
- Consistent net operating losses (expenses exceeding revenue) could lead to long-term asset depletion if not managed strategically.
Strengths
The following positive indicators were identified for Riecker Charitable Foundation:
- Zero officer compensation, indicating highly efficient use of funds.
- Negligible liabilities across all reported periods ($0 or $1), demonstrating strong financial management.
- Consistent distribution of funds for charitable purposes, often exceeding annual revenue.
- Substantial asset base ($4,001,576 in 2023) providing a strong foundation for future grantmaking.
Frequently Asked Questions about Riecker Charitable Foundation
Is Riecker Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Riecker Charitable Foundation (EIN: 208607750) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Riecker Charitable Foundation spend its money?
Riecker Charitable Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Riecker Charitable Foundation tax-deductible?
Riecker Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 208607750). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Riecker Charitable Foundation a good charity?
Yes, as a private foundation, it appears to be a very good charity. It consistently distributes funds for its charitable purpose, has negligible administrative overhead (0% officer compensation), and maintains strong financial health with minimal liabilities.
How does the foundation manage its expenses relative to its revenue?
The foundation consistently spends more than its annual revenue, indicating an active strategy of distributing its endowment. For example, in 2023, expenses were $287,716 against revenues of $170,822.
What is the trend in the foundation's assets?
The foundation's assets have shown a gradual decline over the past decade, from $4,538,131 in 2011 to $4,001,576 in 2023, consistent with its strategy of distributing more than its annual revenue.
Filing History
IRS 990 filing history for Riecker Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Riecker Charitable Foundation's revenue has declined by 6.9%, moving from $183K to $171K. Total assets decreased by 11.8% over the same period, from $4.5M to $4.0M. Total functional expenses rose by 10.3%, from $261K to $288K. In its most recent filing year (2023), Riecker Charitable Foundation reported a deficit of $117K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $171K | $288K | $4.0M | $1 | — | — |
| 2022 | $154K | $291K | $4.1M | $1 | — | View 990 |
| 2021 | $234K | $311K | $4.3M | $1 | — | View 990 |
| 2020 | $134K | $231K | $4.3M | $1 | — | — |
| 2019 | $319K | $310K | $4.4M | $1 | — | View 990 |
| 2015 | $287K | $314K | $4.5M | $0 | — | View 990 |
| 2014 | $333K | $296K | $4.5M | $0 | — | View 990 |
| 2013 | $299K | $282K | $4.4M | $1 | — | View 990 |
| 2012 | $169K | $278K | $4.4M | $1 | — | View 990 |
| 2011 | $183K | $261K | $4.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $171K, expenses of $288K, and assets of $4.0M (revenue +10.8% year-over-year).
- 2022: Revenue of $154K, expenses of $291K, and assets of $4.1M (revenue -34.2% year-over-year).
- 2021: Revenue of $234K, expenses of $311K, and assets of $4.3M (revenue +74.8% year-over-year).
- 2020: Revenue of $134K, expenses of $231K, and assets of $4.3M (revenue -58.0% year-over-year).
- 2019: Revenue of $319K, expenses of $310K, and assets of $4.4M (revenue +11.4% year-over-year).
- 2015: Revenue of $287K, expenses of $314K, and assets of $4.5M (revenue -13.9% year-over-year).
- 2014: Revenue of $333K, expenses of $296K, and assets of $4.5M (revenue +11.3% year-over-year).
- 2013: Revenue of $299K, expenses of $282K, and assets of $4.4M (revenue +76.5% year-over-year).
- 2012: Revenue of $169K, expenses of $278K, and assets of $4.4M (revenue -7.6% year-over-year).
- 2011: Revenue of $183K, expenses of $261K, and assets of $4.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Riecker Charitable Foundation:
Data Sources and Methodology
This transparency report for Riecker Charitable Foundation 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.