Richard J Caron Foundation

Analysis

Richard J Caron Foundation is a registered charity in United States, based in Wernersville, PA. It received its IRS tax-exemption ruling in March 1959, 67 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Richard J Caron Foundation reported income of $85.0m and spending of $94.2m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $94.6m to $85.0m (-10%), an average of -2.6% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Richard J Caron Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Lewis County Promary Care Center Inc ($85.0m), Didi Hirsch Psychiatric Service ($85.3m) and Goshen Health System Inc ($84.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $2.7m (2.9% of expenses). Other salaries and wages came to $36.0m. It paid $175k in professional fundraising fees. At year end it held assets of $133.9m against liabilities of $33.6m, net assets of $100.3m. It reported 759 employees.