Richard C Ashley Foundation
Only null% goes to programs Strong reserves Declining revenue
Richard C Ashley Foundation is a 501(c)(3) organization based in Galveston, Texas, registered in 2002, with $228,933 in FY2023 revenue. CharityIndex grades it C+.
500 Seawall Blvd Unit 1210, Galveston, TX, 77550 EIN 76-0698305 Since 2002
Revenue (FY2023)
$229K
▼ 83.9% vs prior year
Philanthropy median: $168K
Expenses (FY2023)
$167K
Net assets
$3.3M
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 Richard C Ashley Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating239 mo reserves · +27% 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 Richard C Ashley Foundation: 239 mo reserves · +27% margin earns a B+ 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 Richard C Ashley 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 Richard C Ashley Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 500 Seawall Blvd Unit 1210, Galveston, TX, 77550
- City
- Galveston
- State
- Texas
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $4,158 (FY2013) to $229K (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $3.3M
Operating margin
27.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.3M
Total liabilities
$0
Net assets
$3.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $228,933▼83.9% | $166,806▲138% | $3,319,369▲15.2% | $3,319,369▲15.2% | 990PF |
| 2022 | $1,421,177▲5.7% | $70,204▼36.5% | $2,881,320▼15.8% | $2,881,320▼15.8% | 990PF |
| 2021 | $1,344,946▲16.2% | $110,589▲121% | $3,421,780▲72.8% | $3,421,780▲72.8% | 990PF |
| 2020 | $1,157,477▲11640% | $50,127▼16.5% | $1,980,759▲227% | $1,980,759▲227% | 990PF |
| 2019 | $9,859▼20.2% | $60,016▲11903% | $605,374▲18.6% | $605,374▲18.6% | 990PF |
| 2018 | $12,347▲5.3% | $500▼98.6% | $510,229▼5.6% | $510,229▼5.6% | 990PF |
| 2017 | $11,725▲7.0% | $35,450▲7778% | $540,388▲14.7% | $540,388▲14.7% | 990PF |
| 2016 | $10,955▼6.4% | $450▲572% | $471,027▲6.7% | $471,027▲6.7% | 990PF |
| 2015 | $11,701▲26.2% | $67▼99.8% | $441,540▲0.9% | $441,540▲0.9% | 990PF |
| 2014 | $9,273▲123% | $30,876▲79.4% | $437,739▼2.1% | $437,739▼2.1% | 990PF |
| 2013 | $4,158 | $17,208▲1230% | $447,265▲5.9% | $447,265▲5.9% | 990PF |
| 2012 | — | $1,294▼94.1% | $422,372▼2.1% | $422,372▼2.1% | 990PF |
| 2011 | — | $21,809▼59.3% | $431,495▼11.4% | $431,495▼11.4% | 990PF |
| 2010 | — | $53,543 | $486,887 | $486,887 | 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 Richard C Ashley Foundation a legitimate nonprofit?
- Yes. Richard C Ashley Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 76-0698305, based in Galveston, Texas. Donations are tax-deductible.
- What is Richard C Ashley Foundation's EIN?
- Richard C Ashley Foundation's Employer Identification Number (EIN) is 76-0698305.
- How much revenue does Richard C Ashley Foundation report?
- Richard C Ashley Foundation reported $228,933 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Richard C Ashley Foundation have?
- CharityIndex grades Richard C Ashley Foundation C+, based on financial health (reserves and operating margin).
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Data for Richard C Ashley Foundation (EIN 76-0698305) 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.