Richard M Keane Foundation Inc

Analysis

Richard M Keane Foundation Inc is a registered charity in United States, based in Wethersfield, CT. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Richard M Keane Foundation Inc reported income of $185k and spending of $63k, leaving 66% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $111k to $185k (+68%), an average of +68% a year. The sharpest change came in the year to September 2023, when income rose by 68%. Over the whole period it spent 50% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Richard M Keane Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within CT. Charities of a similar size with the same main cause include Maui Oceanfront Marathon ($185k), Stratford Pop Warner Youth Football & Cheer Inc ($185k) and Central Michigan Wrestling Club ($185k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $455k against liabilities of $0, net assets of $455k.