The Richman Family Foundation Inc

Analysis

The Richman Family Foundation Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in December 1994, 32 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Richman Family Foundation Inc reported income of $226k and spending of $2.1m, spending 931% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.4m to $226k (-95%), an average of -52% a year. The sharpest change came in the year to December 2021, when income dropped by 81%. Over the whole period it spent 138% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Richman Family Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within MD. Charities of a similar size with the same main cause include Adam Wysota Foundation Inc ($226k), Boulder Historical Society Trust 1010023210 ($226k) and Khadija Foundation Inc ($226k).

At year end it held assets of $13.6m against liabilities of $0, net assets of $13.6m.

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.