Rich May Foundation

Analysis

Rich May Foundation is a registered charity in United States, based in Atherton, CA. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Rich May Foundation reported income of $138k and spending of $101k, leaving 27% of income unspent that year. Across the 4 years on record, from December 2018 to December 2023, income fell from $245k to $138k (-44%), an average of -18% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 105% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Rich May Foundation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include Only the Beginning Inc ($138k), Emerald City Academy of Rhythmic and Aesthetic Group Gymnastics ($138k) and Community of Gratitude Inc ($138k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 27% of the total. At year end it held assets of $60k against liabilities of $0, net assets of $60k.