Richfield Spartan Foundation Inc

Analysis

Richfield Spartan Foundation Inc is a registered charity in United States, based in Richfield, MN. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Richfield Spartan Foundation Inc reported income of $157k and spending of $60k, leaving 62% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $50k to $157k (+212%), an average of +46% a year. The sharpest change came in the year to December 2022, when income rose by 75%. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Richfield Spartan Foundation Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within MN. Charities of a similar size with the same main cause include Brickyard Collaborative Inc ($157k), NW Viking Touchdown Club Inc ($157k) and Bernie L Bates Foundation Inc ($156k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $381k against liabilities of $0, net assets of $381k.