Riedman Foundation
Riedman Foundation: Strong Asset Growth, Limited Public Transparency
EIN: 222279168 · Wilmington, DE · Updated: 2026-04-04
Is Riedman Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Riedman Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Riedman Foundation
Riedman Foundation (EIN: 222279168) is a nonprofit organization based in Wilmington, DE. The organization reported total revenue of $25.2M and total assets of $42.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Riedman Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Riedman Foundation is a large nonprofit that has been operating for 47 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 30.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15.7M |
| Total Expenses | $2.7M |
| Surplus / Deficit | +$13.0M |
| Total Assets | $40.8M |
| Total Liabilities | $1 |
| Net Assets | $40.8M |
| Operating Margin | 82.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 180.7 months |
Financial Health Grade: A
In 2023, Riedman Foundation reported a surplus of $13.0M with revenue exceeding expenses, holds 180.7 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), Riedman Foundation's revenue has grown at a compound annual growth rate (CAGR) of 30.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +724.8% | +21.8% | +34.6% |
| 2022 | -22.8% | +28.2% | +60.4% |
| 2021 | -59.0% | +23.8% | +9.7% |
| 2020 | +122.3% | +32.4% | +36.8% |
| 2019 | +46.8% | +33.6% | +20.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
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 Riedman Foundation 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: 75%
- fundraising: 10%
According to IRS 990 filings, Riedman Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $13.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, suggesting it may be minimal or absorbed within administrative costs, or not separately reported for key personnel.
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 Riedman Foundation's IRS 990 filings:
- Lack of a public website or clear mission statement beyond what's in filings.
- Limited transparency regarding specific program activities and their impact.
- No clear indication of how grants are awarded or to whom.
Strengths
The following positive indicators were identified for Riedman Foundation:
- Consistent growth in assets over the past decade, from $8.2M in 2013 to $42.6M in 2023.
- Relatively low fundraising expenses based on available data.
- Significant revenue generation in 2023 ($15.7M) compared to prior years.
Frequently Asked Questions about Riedman Foundation
Is Riedman Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Riedman Foundation (EIN: 222279168) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Riedman Foundation spend its money?
Riedman Foundation directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Riedman Foundation tax-deductible?
Riedman Foundation is registered as a tax-exempt nonprofit (EIN: 222279168). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Riedman Foundation do?
Riedman Foundation is a nonprofit organization in the Unknown sector, located in Wilmington, Delaware. It is classified under NTEE code Unknown.
How much revenue does Riedman Foundation have?
Riedman Foundation reported total revenue of $25,242,070. Based on 10 IRS 990 filings on record.
What are Riedman Foundation's total assets?
Riedman Foundation holds total assets of $42,612,995 as reported in IRS 990 filings.
Where is Riedman Foundation located?
Riedman Foundation is based in Wilmington, Delaware.
What is Riedman Foundation's EIN?
Riedman Foundation's Employer Identification Number (EIN) is 222279168. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Riedman Foundation?
Riedman Foundation is classified under NTEE code Unknown (Unknown).
Is Riedman Foundation a registered 501(c)(3)?
Riedman Foundation appears in IRS records (EIN: 222279168). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Riedman Foundation file IRS Form 990?
Yes, Riedman Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Riedman Foundation's revenue in 2023?
In the 202312 filing period, Riedman Foundation reported total revenue of $15,713,609, total expenses of $2,709,911, and net assets of $40,799,058.
Is Riedman Foundation's revenue growing or declining?
Riedman Foundation's revenue is growing. Revenue went from $1,905,107 (202212) to $15,713,609 (202312), a +724.8% change. Based on 10 filings on record.
What is Riedman Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Riedman Foundation covers tax period 202312. It shows revenue of $15,713,609, expenses of $2,709,911, total assets of $40,799,058, and liabilities of $1.
How much does Riedman Foundation spend on programs vs administration?
Based on IRS 990 analysis, Riedman Foundation allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Riedman Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Riedman Foundation shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Riedman Foundation?
The following concerns were identified: Lack of a public website or clear mission statement beyond what's in filings.. Limited transparency regarding specific program activities and their impact.. No clear indication of how grants are awarded or to whom.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Riedman Foundation's strengths?
Positive indicators for Riedman Foundation include: Consistent growth in assets over the past decade, from $8.2M in 2013 to $42.6M in 2023.. Relatively low fundraising expenses based on available data.. Significant revenue generation in 2023 ($15.7M) compared to prior years.. These findings are derived from AI analysis of the organization's financial filings.
How does Riedman Foundation compensate executives?
Executive compensation is not explicitly detailed in the provided data, suggesting it may be minimal or absorbed within administrative costs, or not separately reported for key personnel. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Riedman Foundation?
- The foundation's website lacks detailed financial reports or program impact statements. - Publicly available filings (e.g., 990s) are the primary source of financial information. - No clear breakdown of program activities or beneficiaries is readily accessible. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the substantial asset growth and revenue, what is the foundation's primary strategy for deploying its capital to achieve its mission?
The data suggests a focus on asset accumulation, but the specific grant-making strategy or program initiatives are not transparently communicated, making it difficult to assess the impact of its capital deployment.
How does the Riedman Foundation ensure accountability and impact measurement for its programs without a public presence or detailed reporting?
Without a public website or detailed program reports, accountability relies heavily on regulatory filings. The absence of public-facing impact metrics makes it challenging for external stakeholders to assess effectiveness.
Filing History
IRS 990 filing history for Riedman Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Riedman Foundation's revenue has grown by 2395.2%, moving from $630K to $15.7M. Total assets increased by 429% over the same period, from $7.7M to $40.8M. Total functional expenses rose by 225.6%, from $832K to $2.7M. In its most recent filing year (2023), Riedman Foundation reported a surplus of $13.0M, with revenue exceeding expenses. The organization holds $1 in liabilities against $40.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $40.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15.7M | $2.7M | $40.8M | $1 | — | — |
| 2022 | $1.9M | $2.2M | $30.3M | $2.6M | — | View 990 |
| 2021 | $2.5M | $1.7M | $18.9M | $2.0M | — | View 990 |
| 2020 | $6.0M | $1.4M | $17.2M | $996K | — | View 990 |
| 2019 | $2.7M | $1.1M | $12.6M | $971K | — | — |
| 2015 | $1.8M | $793K | $10.5M | $425K | — | View 990 |
| 2014 | $1.4M | $622K | $9.0M | $1K | — | View 990 |
| 2013 | $1.3M | $395K | $8.2M | $846 | — | View 990 |
| 2012 | $996K | $859K | $8.0M | $700K | — | View 990 |
| 2011 | $630K | $832K | $7.7M | $511K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15.7M, expenses of $2.7M, and assets of $40.8M (revenue +724.8% year-over-year).
- 2022: Revenue of $1.9M, expenses of $2.2M, and assets of $30.3M (revenue -22.8% year-over-year).
- 2021: Revenue of $2.5M, expenses of $1.7M, and assets of $18.9M (revenue -59.0% year-over-year).
- 2020: Revenue of $6.0M, expenses of $1.4M, and assets of $17.2M (revenue +122.3% year-over-year).
- 2019: Revenue of $2.7M, expenses of $1.1M, and assets of $12.6M (revenue +46.8% year-over-year).
- 2015: Revenue of $1.8M, expenses of $793K, and assets of $10.5M (revenue +35.2% year-over-year).
- 2014: Revenue of $1.4M, expenses of $622K, and assets of $9.0M (revenue +5.4% year-over-year).
- 2013: Revenue of $1.3M, expenses of $395K, and assets of $8.2M (revenue +29.8% year-over-year).
- 2012: Revenue of $996K, expenses of $859K, and assets of $8.0M (revenue +58.2% year-over-year).
- 2011: Revenue of $630K, expenses of $832K, and assets of $7.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Riedman Foundation:
Data Sources and Methodology
This transparency report for Riedman 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.