The Richardson Foundation

The Richardson Foundation maintains strong financial health with growing assets and zero executive compensation.

EIN: 133440317 · Katonah, NY · Updated: 2026-03-28

$8.7MRevenue

$7.5MAssets

95/100Mission Score (Excellent)

About The Richardson Foundation

The Richardson Foundation (EIN: 133440317) is a nonprofit organization based in Katonah, NY. The organization reported total revenue of $8.7M and total assets of $7.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Richardson Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Richardson Foundation demonstrates a generally healthy financial position, consistently maintaining positive net assets and growing its asset base over the past decade, from $1,759,946 in 2011 to $6,146,111 in 2023. The organization's revenue has fluctuated, with a notable peak of $2,409,141 in 2014 and a more recent high of $2,305,145 in 2021, indicating a capacity for significant fundraising. Expenses have remained relatively stable, typically ranging between $800,000 and $1,100,000 in recent years, which suggests consistent operational costs. The foundation's financial health appears robust, with assets significantly exceeding liabilities, which have consistently been reported as minimal or $1 across all filings, indicating strong fiscal management and a low debt burden.

Spending efficiency is a key strength, as the organization consistently reports zero officer compensation, suggesting that all funds are directed towards its mission and operational costs rather than executive salaries. This practice, coupled with the consistent growth in assets, implies that a substantial portion of revenue is either invested or directly applied to programs. While specific program spending percentages are not detailed in the provided data, the absence of executive compensation is a strong indicator of efficient resource allocation. The foundation's consistent filing of IRS Form 990s over a decade also points to a commitment to transparency, providing a clear historical record of its financial activities.

Overall, The Richardson Foundation exhibits strong financial health, excellent spending efficiency due to zero executive compensation, and a good level of transparency through its consistent public filings. The growth in assets and minimal liabilities further reinforce its sound financial management.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates The Richardson Foundation 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, The Richardson Foundation 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.

Executive Compensation Analysis

The Richardson Foundation consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries. This is a highly positive indicator of the organization's commitment to directing resources towards its mission rather than administrative overhead.

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 Richardson Foundation:

Consistent asset growth: Assets increased from $1,759,946 in 2011 to $6,146,111 in 2023.
Zero executive compensation: Officer compensation is consistently reported as 0% across all filings.
Minimal liabilities: Liabilities are consistently reported as $0 or $1, indicating strong financial stability.
Strong financial health: Assets significantly exceed liabilities, demonstrating a robust balance sheet.
Consistent IRS 990 filings: A decade of public filings indicates good transparency.

Frequently Asked Questions about The Richardson Foundation

Is The Richardson Foundation a good charity?

Based on the provided financial data, The Richardson Foundation appears to be a very good charity. It demonstrates strong financial health with growing assets, minimal liabilities, and a remarkable commitment to efficiency by reporting zero officer compensation across all filings.

How has The Richardson Foundation's financial health changed over time?

The Richardson Foundation's financial health has significantly improved over time. Its assets have grown from $1,759,946 in 2011 to $6,146,111 in 2023, while liabilities have remained negligible, indicating consistent growth and sound financial management.

What is the trend in The Richardson Foundation's revenue and expenses?

The Richardson Foundation's revenue has fluctuated, with peaks in 2014 ($2,409,141) and 2021 ($2,305,145), and a recent revenue of $1,933,799 in 2023. Expenses have generally remained stable, typically between $800,000 and $1,100,000 in recent years, suggesting consistent operational costs relative to varying income.

Filing History

IRS 990 filing history for The Richardson Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), The Richardson Foundation's revenue has grown by 1098.9%, moving from $161K to $1.9M. Total assets increased by 249.2% over the same period, from $1.8M to $6.1M. Total functional expenses rose by 90.9%, from $462K to $881K. In its most recent filing year (2023), The Richardson Foundation reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $1 in liabilities against $6.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.1M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.9M	$881K	$6.1M	$1	—	—
2022	$1.7M	$1.0M	$5.7M	$1	—	View 990
2021	$2.3M	$1.0M	$5.3M	$1	—	View 990
2020	$952K	$1.2M	$4.0M	$1	—	View 990
2019	$511K	$807K	$4.2M	$1	—	View 990
2015	$913K	$1.4M	$3.3M	$1	—	View 990
2014	$2.4M	$1.0M	$3.8M	$0	—	View 990
2013	$989K	$761K	$2.4M	$0	—	View 990
2012	$935K	$483K	$2.2M	$0	—	View 990
2011	$161K	$462K	$1.8M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.9M, expenses of $881K, and assets of $6.1M (revenue +12.6% year-over-year).
2022: Revenue of $1.7M, expenses of $1.0M, and assets of $5.7M (revenue -25.5% year-over-year).
2021: Revenue of $2.3M, expenses of $1.0M, and assets of $5.3M (revenue +142.0% year-over-year).
2020: Revenue of $952K, expenses of $1.2M, and assets of $4.0M (revenue +86.5% year-over-year).
2019: Revenue of $511K, expenses of $807K, and assets of $4.2M (revenue -44.0% year-over-year).
2015: Revenue of $913K, expenses of $1.4M, and assets of $3.3M (revenue -62.1% year-over-year).
2014: Revenue of $2.4M, expenses of $1.0M, and assets of $3.8M (revenue +143.6% year-over-year).
2013: Revenue of $989K, expenses of $761K, and assets of $2.4M (revenue +5.8% year-over-year).
2012: Revenue of $935K, expenses of $483K, and assets of $2.2M (revenue +479.4% year-over-year).
2011: Revenue of $161K, expenses of $462K, and assets of $1.8M.

Data Sources and Methodology

This transparency report for The Richardson 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.