Nathan G Richman Fund 1

Analysis

Nathan G Richman Fund 1 is a registered charity in United States, based in Brooklyn, OH. It received its IRS tax-exemption ruling in December 1971, 55 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nathan G Richman Fund 1 reported income of $178k and spending of $128k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $236k to $178k (-25%), an average of -6.8% a year. The sharpest change came in the year to December 2021, when income rose by 768%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nathan G Richman Fund 1 sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within OH. Charities of a similar size with the same main cause include Beloved Arise ($178k), The Labor Heritage Foundation ($178k) and Cat-Coalition for Appropriate Transportation ($178k).

Compensation of current officers, directors and key employees was $6,553 (5.1% of expenses). At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m.