Carneal-drew Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Carneal-drew Foundation is a 501(c)(3) organization based in Richmond, Virginia, registered in 1964, with $61,915 in FY2024 revenue. CharityIndex grades it C.
6061 River Rd, Richmond, VA, 23226 EIN 54-6051095 Since 1964
Revenue (FY2024)
$62K
▲ 73.7% vs prior year
Expenses (FY2024)
$74K
Net assets
$535K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Carneal-drew Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating87 mo reserves · -20% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Carneal-drew Foundation: 87 mo reserves · -20% margin earns a C+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Carneal-drew Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Carneal-drew Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $33K (FY2019) to $62K (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $535K
Operating margin
-19.8%
Spent more than it raised in the latest fiscal year.
Total assets
$535K
Total liabilities
$0
Net assets
$535K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $61,915▲73.7% | $74,180▲9.0% | $535,203▼2.2% | $535,203▼2.2% | 990PF |
| 2023 | $35,648▼3.8% | $68,042▲8.1% | $547,468▼5.6% | $547,468▼5.6% | 990PF |
| 2022 | $37,058▼15.7% | $62,965▼1.7% | $579,862▼4.3% | $579,862▼4.3% | 990PF |
| 2021 | $43,939▼23.9% | $64,071▼6.3% | $605,769▼3.2% | $605,769▼3.2% | 990PF |
| 2020 | $57,748▲72.9% | $68,349▲29.4% | $625,901▼1.7% | $625,901▼1.7% | 990PF |
| 2019 | $33,406 | $52,802 | $636,502 | $636,502 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Carneal-drew Foundation a legitimate nonprofit?
- Yes. Carneal-drew Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 54-6051095, based in Richmond, Virginia. Donations are tax-deductible.
- What is Carneal-drew Foundation's EIN?
- Carneal-drew Foundation's Employer Identification Number (EIN) is 54-6051095.
- How much revenue does Carneal-drew Foundation report?
- Carneal-drew Foundation reported $61,915 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Carneal-drew Foundation have?
- CharityIndex grades Carneal-drew Foundation C, based on financial health (reserves and operating margin).
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Data for Carneal-drew Foundation (EIN 54-6051095) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.