Richmond Medical Center Foundation Inc

Analysis

Richmond Medical Center Foundation Inc is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Richmond Medical Center Foundation Inc reported income of $4.1m and spending of $2.6m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $4.1m (+70%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 316%. Over the whole period it spent 58% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Richmond Medical Center Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Wide Horizon Inc ($4.1m), Deaf Community Services of San Diego Inc ($4.1m) and Southeast Arkansas Behavioral Healthcare System Inc ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $9.1m against liabilities of $773k, net assets of $8.3m.