James Whitcomb Riley Memorial Association

Analysis

James Whitcomb Riley Memorial Association is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in January 1943, 83 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, James Whitcomb Riley Memorial Association reported income of $48.2m and spending of $48.7m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $19.6m to $48.2m (+146%), an average of +35% a year. The sharpest change came in the year to June 2021, when income rose by 150%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, James Whitcomb Riley Memorial Association sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IN. Charities of a similar size with the same main cause include Dallas Jewish Community Foundation ($48.1m), Fund for Charitable Giving ($48.6m) and United Jewish Foundation ($48.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $1.3m (2.6% of expenses). Other salaries and wages came to $4.6m. It paid $457k in professional fundraising fees. At year end it held assets of $459.2m against liabilities of $39.0m, net assets of $420.2m. It reported 68 employees.