A R E Rico Memorial Foundation

Analysis

A R E Rico Memorial Foundation is a registered charity in United States, based in Ctr Moriches, NY. It received its IRS tax-exemption ruling in September 2003, 23 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, A R E Rico Memorial Foundation reported income of $61k and spending of $59k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $71k to $61k (-14%), an average of -14% a year. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, A R E Rico Memorial Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within NY. Charities of a similar size with the same main cause include United Way of Franklin County Inc ($61k), Sorrentino Family Foundation Corp ($61k) and Marcus J Bradshaw Foundation ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 20% of the total. At year end it held assets of $33k against liabilities of $0, net assets of $33k.