Richmond Memorial Library Foundation

Analysis

Richmond Memorial Library Foundation is a registered charity in United States, based in Batavia, NY. It received its IRS tax-exemption ruling in February 2016, 10 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, Richmond Memorial Library Foundation reported income of $99k and spending of $2,116, leaving 98% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $8,158 to $99k (+1117%), an average of +249% a year. The sharpest change came in the year to December 2022, when income rose by 674%. Over the whole period it spent 1.9% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Richmond Memorial Library Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include Kendall Madison Foundation ($99k), Medina Valley Education Foundation ($99k) and Tongyan Chinese School Corp ($99k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $217k against liabilities of $0, net assets of $217k.