Richard Murphy Memorial Foundation

Analysis

Richard Murphy Memorial Foundation is a registered charity in United States, based in Hammond, LA. It received its IRS tax-exemption ruling in June 1984, 42 years ago. 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 2022, Richard Murphy Memorial Foundation reported income of $358k and spending of $166k, leaving 54% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $318k to $358k (+12%), an average of +4.0% a year. The sharpest change came in the year to December 2020, when income dropped by 22%. Over the whole period it spent 55% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Richard Murphy Memorial Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within LA. Charities of a similar size with the same main cause include A-V Starfish Swim Club Inc ($358k), Leadership Lincoln Inc ($358k) and United Chapters of Alpha Kappa Delta ($358k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 12% of the total. Other salaries and wages came to $133k. At year end it held assets of $937k against liabilities of $3,229, net assets of $934k. It reported 3 employees.