Community Improvement (S20) IRS Verified DX Registered 990 on File

RICHMOND MAIN STREET INITIATIVE INC

EIN: 68-0481132 · RICHMOND, CA 94801-3261 · United States · FY 2025 Data

3 out of 5 58 / 100 Based on 2+ years of filings

Financial strength (30%) 93/100

Reliability (20%) 55/100

Effectiveness (25%) 78/100

Impact (25%) No data yet

Financial data: FY 2025 · Scored 9/13/2026

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Mission Statement

Richmond Main Street Initiative is a community-based nonprofit corporation dedicated to revitalizing historic Downtown Richmond as a pedestrian-friendly urban village, offering products, services, arts, and entertainment that reflect the community’s rich and diverse heritage.

Financial Overview — FY 2025

$338K

Total Revenue

$326K

Total Expenses

$240K

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 81.7%

Fundraising Efficiency N/A

Operating Reserve 8.82x

Liability-to-Asset 0.0%

Revenue Diversification 99.0%

Compared with Peers

FY 2025

Compared with 2,137 similar organizations (United States, Community Improvement, $100K–$1M in expenses), FY 2025.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	81.7%	84.4%	P10P90	Below median
Admin expense ratio Management and general / total expenses · lower is better	17.5%	12.7%	P10P90	Below median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	0.8%	0.0%	P10P90	Below median
Operating reserve Months of expenses covered by net assets · higher is better	8.8 mo	11.1 mo	P10P90	Below median
Liabilities to assets Total liabilities / total assets · lower is better	0.0%	2.2%	P10P90	Top quarter
Revenue concentration Share of revenue from the largest source · lower is better	99.0%	91.6%	P10P90	Below median
Surplus margin Surplus as a share of revenue	3.6%	2.7%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2025	$338K	$326K	$240K	81.7%	1
2023	$237K	$342K	$126K	86.2%	2
2022	$311K	$340K	$230K	75.5%	2
2021	$469K	$321K	N/A	—	4

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Organization Details

EIN: 68-0481132
State: CA
City: RICHMOND
ZIP: 94801-3261
Classification: S20
Category: Community Improvement
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 2001
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
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"Compared with peers" places the charity's key ratios against organizations of the same country, sector and size.

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