Richardson Foundation Inc

Analysis

Richardson Foundation Inc is a registered charity in United States, based in Falls City, NE. It received its IRS tax-exemption ruling in July 1987, 39 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, Richardson Foundation Inc reported income of $166k and spending of $80k, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $182k to $166k (-8.8%), an average of -2.3% a year. The sharpest change came in the year to December 2022, when income rose by 110%. Over the whole period it spent 71% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Richardson Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within NE. Charities of a similar size with the same main cause include Sunrise Rotary Club Charitable Projects Foundation of ($166k), Rebuilding Together-Aa County Inc ($166k) and STS Peter and Paul Endowment Foundation ($166k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.