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Richcroft

Sparks, MD · EIN 52-1302331 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Richcroft reported $40.9 million in revenue and $37.8 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $89.23 went to program services, $9.91 to management and general costs and $0.86 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 97.0% of the total. The highest compensation it reported for one person was $356,922 (CEO). 9 people received more than $100,000 in reportable compensation. Revenue rose 104% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $38M

For context, the median across 3,614 covered human services charities: $88.27 programs, $11.52 management, $0.21 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $41M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 3,614 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
89.2%87.2%
Management & general
Part IX 25(C) ÷ 25(A)
9.9%11.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.9%0.2%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.49$0.02
Contributions & grants share of revenue
Part VIII 1h ÷ 12
1.6%20.6%
Government grants share of revenue
Part VIII 1e ÷ 12
1.4%2.4%
Program service revenue share
Part VIII 2g ÷ 12
97.0%70.8%
Highest reported compensation
Part VII-A, columns D–F
$356,922$274,992
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.94%1.18%
People paid over $100,000
Part VII, line 2
96
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
5.76.9
Independent voting board members
Part VI 1a–1b
14 of 14100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$34M expenses · 100.0% of program spending · revenue $40M

It is the mission of Richcroft, Inc. to create opportunities for people with intellectual and other developmental disabilities to make choices that will assist them in living full and productive lives. To that end, Richcroft, Inc. provides residential, educational and other support services to people in Harford, Carroll, Baltimore, and Howard Counties

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
CEO
Director/trustee, officer, 40.00 hrs/week
$312,631$0$44,291$356,922
CFO
Officer, 40.00 hrs/week
$236,884$0$40,066$276,950
DIR NURSING
Listed in Part VII, 40.00 hrs/week
$170,223$0$19,669$189,892
DIRECTOR HR
Listed in Part VII, 40.00 hrs/week
$142,149$0$23,842$165,991
DIR RESIDENTIAL
Listed in Part VII, 40.00 hrs/week
$149,660$0$4,471$154,131
DIR QUALITY ASSURA
Listed in Part VII, 40.00 hrs/week
$131,322$0$15,176$146,498
DIR SUPPORT SVC
Listed in Part VII, 40.00 hrs/week
$129,937$0$0$129,937

9 people received more than $100,000 in reportable compensation from Richcroft (Part VII, line 2). Compensation of current officers, directors and key employees totaled $634K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$20M$40M$60M$80MFY2020FY2021FY2022FY2023FY2024FY2025$41M$38M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$41M$38M89.2%$18M$356,922
FY2024 ⓘ$36M$33M88.0%$15M$274,499
FY2023 ⓘ$30M$27M89.8%$12M$236,366
FY2022 ⓘ$27M$23M89.6%$10M$227,235
FY2021 ⓘ$26M$21M88.6%$10M$178,104
FY2020 ⓘ$20M$19M90.0%$5.3M$227,682

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b14 · 14 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5679
  • Volunteers Part I, line 687

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
ALPHA LANDSCAPE CONTRACTORS
Landscaping
$238,611
DAYFORCE INC
Payroll services
$146,497
HOFFBERGER MOVING SERVICES LLC
Moving
$115,788
RSM US LLP
Payroll consultants
$111,649

Individuals listed as contractors are left out. 10 contractors were paid more than $100,000 in all.

Private foundation grants it received

4 private foundations reported grants to Richcroft totaling $102K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Richcroft's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Richcroft, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All human services charities · Largest charities in Maryland

Questions people ask

How much of Richcroft's spending goes to programs?

In the fiscal year ending June 30, 2025, Richcroft reported that 89.2% of its $37.8 million in expenses went to program services, 9.9% to management and general and 0.9% to fundraising (Form 990, Part IX).

How much does Richcroft pay its top executive?

The largest total compensation Richcroft reported for one person in the fiscal year ending June 30, 2025 was $356,922, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Richcroft get its money?

Of $40.9 million in revenue in the fiscal year ending June 30, 2025, 1.6% came from contributions and grants (including 1.4% from government grants) and 97.0% from program service revenue (Form 990, Part VIII).

Is Richcroft a registered charity?

The IRS lists EIN 52-1302331 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202621319349301222 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202443189349303164 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202303189349301145 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202243189349310949 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202133139349300818 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101309349302790 · read the filing

All filings for EIN 52-1302331: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.