Friends of Richland

Analysis

Friends of Richland is a registered charity in United States, based in San Marcos, CA. It received its IRS tax-exemption ruling in May 1972, 54 years ago. 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, Friends of Richland reported income of $191k and spending of $166k, spending 87% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $161k to $191k (+19%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Richland sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Pixie Hill Preschool ($191k), Kansas Scottish Rite Foundation Inc ($191k) and Bakersfield Symphony Orchestra Endowment Foundation ($191k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 2.2% of the total. It paid $41k in professional fundraising fees. At year end it held assets of $256k against liabilities of $0, net assets of $256k.