Richard W Hotes Foundation
Only null% goes to programs Strong reserves Declining revenue
Richard W Hotes Foundation is a 501(c)(3) organization based in Kirkland, Washington, registered in 2004, with $1,573,871 in FY2024 revenue. CharityIndex grades it D.
205 Lake St S Ste 300, Kirkland, WA, 98033 EIN 01-0760054 Since 2004
Revenue (FY2024)
$1.6M
▲ 5.1% vs prior year
Human Services median: $293K
Expenses (FY2024)
$2.5M
Net assets
$9.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—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 W Hotes Foundation— 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 rating43 mo reserves · -58% 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 W Hotes Foundation: 43 mo reserves · -58% 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 Richard W Hotes Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 W Hotes Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 205 Lake St S Ste 300, Kirkland, WA, 98033
- City
- Kirkland
- State
- Washington
- Category
- Human Services
- Subcategory
- Human Services
- Website
- …
Financial trends
Revenue declined from $2.0M (FY2013) to $1.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $103KNet assets $9.0M
Operating margin
-57.9%
Spent more than it raised in the latest fiscal year.
Total assets
$9.1M
Total liabilities
$103K
Net assets
$9.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,573,871▲5.1% | $2,485,886▲5.4% | $8,952,051▼9.2% | $9,054,636▼8.9% | 990PF |
| 2023 | $1,497,882▲26.4% | $2,358,948▲22.1% | $9,864,066▼8.0% | $9,940,811▼8.1% | 990PF |
| 2022 | $1,184,698▼69.2% | $1,932,508▲17.8% | $10,725,132▼6.5% | $10,814,689▼6.1% | 990PF |
| 2021 | $3,850,434▲16.7% | $1,640,697▲12.0% | $11,472,942▲23.9% | $11,520,671▲23.7% | 990PF |
| 2020 | $3,300,245▲159% | $1,465,302▼15.5% | $9,263,205▲24.7% | $9,316,068▲24.5% | 990PF |
| 2019 | $1,275,381▲235645% | $1,734,877▲14.7% | $7,428,262▼5.8% | $7,481,610▼5.5% | 990PF |
| 2018 | $541▼20.4% | $1,513,115▲4.2% | $7,887,758▼16.1% | $7,916,851▼15.9% | 990PF |
| 2017 | $680▼21.2% | $1,452,191▼47.7% | $9,400,332▼13.4% | $9,412,122▼13.4% | 990PF |
| 2016 | $863▼27.2% | $2,775,647▼26.9% | $10,851,843▼20.4% | $10,866,352▼20.3% | 990PF |
| 2015 | $1,186▼99.9% | $3,799,333▼14.5% | $13,626,627▼21.8% | $13,635,522▼21.8% | 990PF |
| 2014 | $1,001,612▼50.0% | $4,445,717▲52.4% | $17,424,774▼16.5% | $17,441,914▼16.8% | 990PF |
| 2013 | $2,001,712 | $2,917,600▲42.7% | $20,868,879▼4.2% | $20,956,701▼4.4% | 990PF |
| 2012 | — | $2,044,511 | $21,784,767 | $21,917,696 | 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 W Hotes Foundation a legitimate nonprofit?
- Yes. Richard W Hotes Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 01-0760054, based in Kirkland, Washington. Donations are tax-deductible.
- What is Richard W Hotes Foundation's EIN?
- Richard W Hotes Foundation's Employer Identification Number (EIN) is 01-0760054.
- How much revenue does Richard W Hotes Foundation report?
- Richard W Hotes Foundation reported $1,573,871 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Richard W Hotes Foundation have?
- CharityIndex grades Richard W Hotes Foundation D, based on financial health (reserves and operating margin).
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Data for Richard W Hotes Foundation (EIN 01-0760054) 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.