Martin W Richard Charitable

Analysis

Martin W Richard Charitable is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in February 2014, 12 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 December 2023, Martin W Richard Charitable reported income of $1.4m and spending of $1.5m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.4m (+3.0%), an average of +0.7% a year. The sharpest change came in the year to December 2023, when income rose by 158%. Over the whole period it spent 164% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Martin W Richard Charitable sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Center for Nonprofit Excellence ($1.4m), Cherokee Crossroads Foundation Inc ($1.4m) and NTFB - Perot Family Campus ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $2.9m against liabilities of $669k, net assets of $2.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.