The Donald F Wood And Darlene M Richardson Foundation Inc
Donald F Wood And Darlene M Richardson Foundation shows strong asset growth and no executive compensation.
EIN: 204217594 · Spencerville, IN · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $664K |
| Program Spending | 100% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $11.0M |
| Transparency Score | 95/100 |
Is The Donald F Wood And Darlene M Richardson Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Donald F Wood And Darlene M Richardson Foundation Inc directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Donald F Wood And Darlene M Richardson Foundation Inc
The Donald F Wood And Darlene M Richardson Foundation Inc (EIN: 204217594) is a nonprofit organization based in Spencerville, IN, classified under NTEE code T20. The organization reported total revenue of $3.6M and total assets of $11.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Donald F Wood And Darlene M Richardson Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Donald F Wood And Darlene M Richardson Foundation Inc is a mid-size nonprofit that has been operating for 19 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 25.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $904K |
| Total Expenses | $664K |
| Surplus / Deficit | +$240K |
| Total Assets | $11.0M |
| Total Liabilities | $1 |
| Net Assets | $11.0M |
| Operating Margin | 26.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 198.2 months |
Financial Health Grade: A
In 2023, The Donald F Wood And Darlene M Richardson Foundation Inc reported a surplus of $240K with revenue exceeding expenses, holds 198.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), The Donald F Wood And Darlene M Richardson Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 25.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.0% | -0.4% | +2.2% |
| 2022 | -13.2% | +12.2% | +0.3% |
| 2021 | +195.7% | +673.7% | +2.0% |
| 2020 | -93.3% | -92.2% | +1.9% |
| 2020 | +9446.2% | +996.3% | +642.2% |
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 The Donald F Wood And Darlene M Richardson Foundation Inc with a Mission Score of 95 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, The Donald F Wood And Darlene M Richardson Foundation Inc allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% 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 $240K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly efficient for a foundation of its size with over $10 million in assets.
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 The Donald F Wood And Darlene M Richardson Foundation Inc:
- Strong asset growth, increasing from $1.48 million in 2012 to $10.97 million in 2023.
- Consistent reporting of 0% officer compensation, indicating highly efficient use of funds.
- Minimal liabilities across all reported periods, demonstrating strong financial stability.
- Consistent filing of IRS Form 990s, indicating good transparency.
Frequently Asked Questions about The Donald F Wood And Darlene M Richardson Foundation Inc
Is The Donald F Wood And Darlene M Richardson Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Donald F Wood And Darlene M Richardson Foundation Inc (EIN: 204217594) appears legitimate. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
How does The Donald F Wood And Darlene M Richardson Foundation Inc spend its money?
The Donald F Wood And Darlene M Richardson Foundation Inc directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Donald F Wood And Darlene M Richardson Foundation Inc tax-deductible?
The Donald F Wood And Darlene M Richardson Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204217594). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Donald F Wood And Darlene M Richardson Foundation Inc CEO make?
The Donald F Wood And Darlene M Richardson Foundation Inc's highest-compensated officer earns $10 annually. The organization reported $3.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does The Donald F Wood And Darlene M Richardson Foundation Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), The Donald F Wood And Darlene M Richardson Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Donald F Wood And Darlene M Richardson Foundation Inc located?
The Donald F Wood And Darlene M Richardson Foundation Inc is headquartered in Spencerville, Indiana and files with the IRS under EIN 204217594. It is classified under NTEE code T20.
How many years of IRS 990 filings does The Donald F Wood And Darlene M Richardson Foundation Inc have?
The Donald F Wood And Darlene M Richardson Foundation Inc 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 $3.6M in total revenue.
Is The Donald F Wood And Darlene M Richardson Foundation Inc a good charity?
Based on the provided financial data, the foundation appears to be a very good charity. It exhibits strong financial health with growing assets (from $1.48M in 2012 to $10.97M in 2023), minimal liabilities, and a consistent record of 0% officer compensation, suggesting that nearly all expenses are directed towards its charitable mission.
How has the foundation's asset base changed over time?
The foundation's assets have grown substantially, from $1,480,276 in 2012 to $10,968,821 in 2023, demonstrating significant financial growth and stability over the past decade.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation in all available filings, indicating a highly efficient model where leadership is not compensated through traditional executive salaries.
Filing History
IRS 990 filing history for The Donald F Wood And Darlene M Richardson Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), The Donald F Wood And Darlene M Richardson Foundation Inc's revenue has grown by 1364.4%, moving from $62K to $904K. Total assets increased by 623.3% over the same period, from $1.5M to $11.0M. Total functional expenses rose by 637.4%, from $90K to $664K. In its most recent filing year (2023), The Donald F Wood And Darlene M Richardson Foundation Inc reported a surplus of $240K, with revenue exceeding expenses. The organization holds $1 in liabilities against $11.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $11.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $904K | $664K | $11.0M | $1 | — | View 990 |
| 2022 | $695K | $667K | $10.7M | $1 | — | View 990 |
| 2021 | $801K | $594K | $10.7M | $1 | — | — |
| 2020 | $271K | $77K | $10.5M | $0 | — | View 990 |
| 2020 | $4.1M | $987K | $10.3M | $1 | — | View 990 |
| 2016 | $42K | $90K | $1.4M | $8K | — | View 990 |
| 2015 | $68K | $79K | $1.4M | $0 | — | View 990 |
| 2014 | $78K | $102K | $1.4M | $0 | — | View 990 |
| 2013 | $53K | $80K | $1.5M | $0 | — | View 990 |
| 2012 | $53K | $90K | $1.5M | $0 | — | View 990 |
| 2011 | $62K | $90K | $1.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $904K, expenses of $664K, and assets of $11.0M (revenue +30.0% year-over-year).
- 2022: Revenue of $695K, expenses of $667K, and assets of $10.7M (revenue -13.2% year-over-year).
- 2021: Revenue of $801K, expenses of $594K, and assets of $10.7M (revenue +195.7% year-over-year).
- 2020: Revenue of $271K, expenses of $77K, and assets of $10.5M (revenue -93.3% year-over-year).
- 2020: Revenue of $4.1M, expenses of $987K, and assets of $10.3M (revenue +9446.2% year-over-year).
- 2016: Revenue of $42K, expenses of $90K, and assets of $1.4M (revenue -38.0% year-over-year).
- 2015: Revenue of $68K, expenses of $79K, and assets of $1.4M (revenue -11.7% year-over-year).
- 2014: Revenue of $78K, expenses of $102K, and assets of $1.4M (revenue +45.7% year-over-year).
- 2013: Revenue of $53K, expenses of $80K, and assets of $1.5M (revenue -0.3% year-over-year).
- 2012: Revenue of $53K, expenses of $90K, and assets of $1.5M (revenue -13.6% year-over-year).
- 2011: Revenue of $62K, expenses of $90K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Donald F Wood And Darlene M Richardson Foundation Inc:
Data Sources and Methodology
This transparency report for The Donald F Wood And Darlene M Richardson Foundation 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.