The Louis A Ritter Foundation
Only null% goes to programs Strong reserves Declining revenue
The Louis A Ritter Foundation is a 501(c)(3) organization based in Wilmington, Delaware, registered in 2005, with $100,584 in FY2023 revenue. CharityIndex grades it D.
Foundation Source 501 Silverside Rd, Wilmington, DE, 19809 EIN 56-2475503 Since 2005
Revenue (FY2023)
$101K
▲ 60.1% vs prior year
Philanthropy median: $168K
Expenses (FY2023)
$149K
Net assets
$2.1M
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 The Louis A Ritter Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating170 mo reserves · -48% 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 The Louis A Ritter Foundation: 170 mo reserves · -48% margin earns a D 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 The Louis A Ritter 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 The Louis A Ritter Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Foundation Source 501 Silverside Rd, Wilmington, DE, 19809
- City
- Wilmington
- State
- Delaware
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $128K (FY2013) to $101K (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $2.1M
Operating margin
-48.4%
Spent more than it raised in the latest fiscal year.
Total assets
$2.1M
Total liabilities
$0
Net assets
$2.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $100,584▲60.1% | $149,282▼11.1% | $2,116,037▼2.2% | $2,116,037▼2.2% | 990PF |
| 2022 | $62,840▼91.2% | $167,877▼25.3% | $2,164,735▼4.6% | $2,164,735▼4.6% | 990PF |
| 2021 | $717,181▲171% | $224,721▲41.2% | $2,269,772▼0.4% | $2,269,772▼0.4% | 990PF |
| 2020 | $264,177▲329% | $159,141▲11.6% | $2,278,355▼14.3% | $2,278,355▼14.3% | 990PF |
| 2019 | $61,590▼71.4% | $142,592▼19.7% | $2,659,856▲13.3% | $2,659,856▲13.3% | 990PF |
| 2018 | $215,656▲93.5% | $177,498▲134% | $2,347,375▼1.3% | $2,347,375▼1.3% | 990PF |
| 2017 | $111,471▲218% | $75,935▼57.1% | $2,377,108▲13.4% | $2,377,108▲13.4% | 990PF |
| 2016 | $35,081▼86.9% | $177,201▲6.8% | $2,096,963▲4.1% | $2,096,963▲4.1% | 990PF |
| 2015 | $267,616▲24.5% | $165,958▲9.2% | $2,014,254▲1.5% | $2,014,254▲1.5% | 990PF |
| 2014 | $214,988▲67.4% | $152,016▼7.1% | $1,984,076▲5.9% | $1,984,076▲5.8% | 990PF |
| 2013 | $128,398 | $163,582▲57.4% | $1,872,968▲2.6% | $1,875,049▲2.8% | 990PF |
| 2012 | — | $103,921▼30.4% | $1,824,652▲3.6% | $1,824,652▲3.6% | 990PF |
| 2011 | — | $149,211 | $1,761,748 | $1,761,748 | 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 The Louis A Ritter Foundation a legitimate nonprofit?
- Yes. The Louis A Ritter Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-2475503, based in Wilmington, Delaware. Donations are tax-deductible.
- What is The Louis A Ritter Foundation's EIN?
- The Louis A Ritter Foundation's Employer Identification Number (EIN) is 56-2475503.
- How much revenue does The Louis A Ritter Foundation report?
- The Louis A Ritter Foundation reported $100,584 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does The Louis A Ritter Foundation have?
- CharityIndex grades The Louis A Ritter Foundation D, based on financial health (reserves and operating margin).
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Data for The Louis A Ritter Foundation (EIN 56-2475503) 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.