Michael D Richardson Foundation Inc
Only null% goes to programs Strong reserves Declining revenue
Michael D Richardson Foundation Inc is a 501(c)(3) organization based in Island Park, New York, registered in 2008, with $3,927 in FY2024 revenue. CharityIndex grades it F.
4435 Austin Blvd, Island Park, NY, 11558 EIN 26-1239286 Since 2008
Revenue (FY2024)
$3,927
▼ 9.6% vs prior year
Education median: $200K
Expenses (FY2024)
$22K
Net assets
$125K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—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 Michael D Richardson Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating68 mo reserves · -462% 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 Michael D Richardson Foundation Inc: 68 mo reserves · -462% margin earns a F 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 Michael D Richardson Foundation Inc— 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 Michael D Richardson Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 4435 Austin Blvd, Island Park, NY, 11558
- City
- Island Park
- State
- New York
- Category
- Education
- Subcategory
- Student Services & Aid
Financial trends
Revenue grew from $0 (FY2013) to $3,927 (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $125K
Operating margin
-461.8%
Spent more than it raised in the latest fiscal year.
Total assets
$125K
Total liabilities
$0
Net assets
$125K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $3,927▼9.6% | $22,060▲0.4% | $124,598▼12.7% | $124,598▼12.7% | 990PF |
| 2023 | $4,342▲46.4% | $21,981▼16.0% | $142,731▼11.0% | $142,731▼11.0% | 990PF |
| 2022 | $2,966▼62.1% | $26,155▲6.4% | $160,370▼12.6% | $160,370▼12.6% | 990PF |
| 2021 | $7,819▲138% | $24,582▼11.5% | $183,559▼8.4% | $183,559▼8.4% | 990PF |
| 2020 | $3,285▼96.3% | $27,776▼34.4% | $200,322▼10.9% | $200,322▼10.9% | 990PF |
| 2019 | $89,621▼7.5% | $42,370▲13.1% | $224,813▲26.6% | $224,813▲26.6% | 990PF |
| 2018 | $96,870▲6.9% | $37,464▲60.3% | $177,562▲50.3% | $177,562▲50.3% | 990PF |
| 2017 | $90,576▲88.3% | $23,377▲45.8% | $118,156▲132% | $118,156▲132% | 990PF |
| 2016 | $48,110 | $16,036▲961% | $50,957▲170% | $50,957▲170% | 990PF |
| 2015 | $0 | $1,512▲23.7% | $18,883▼7.4% | $18,883▼7.4% | 990PF |
| 2014 | $0 | $1,222▲54.5% | $20,395▼5.7% | $20,395▼5.7% | 990PF |
| 2013 | $0 | $791▲66.9% | $21,617▼3.5% | $21,617▼3.5% | 990PF |
| 2012 | — | $474▲445% | $22,408▼2.1% | $22,408▼2.1% | 990PF |
| 2011 | — | $87 | $22,882 | $22,882 | 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.
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Frequently asked questions
- Is Michael D Richardson Foundation Inc a legitimate nonprofit?
- Yes. Michael D Richardson Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 26-1239286, based in Island Park, New York. Donations are tax-deductible.
- What is Michael D Richardson Foundation Inc's EIN?
- Michael D Richardson Foundation Inc's Employer Identification Number (EIN) is 26-1239286.
- How much revenue does Michael D Richardson Foundation Inc report?
- Michael D Richardson Foundation Inc reported $3,927 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Michael D Richardson Foundation Inc have?
- CharityIndex grades Michael D Richardson Foundation Inc F, based on financial health (reserves and operating margin).
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Data for Michael D Richardson Foundation Inc (EIN 26-1239286) 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.