Ryan Richards Foundation

Analysis

Ryan Richards Foundation is a registered charity in United States, based in Westborough, MA. It received its IRS tax-exemption ruling in May 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ryan Richards Foundation reported income of $51k and spending of $23k, leaving 55% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $93k to $51k (-45%), an average of -45% a year. The sharpest change came in the year to December 2023, when income dropped by 45%. Over the whole period it spent 51% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ryan Richards Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 29th percentile within MA. Charities of a similar size with the same main cause include R J Scheffel Memorial Toy Project Inc ($51k), Taylor Charitable TR ($51k) and Aarvorg Inc ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 48% of the total. At year end it held assets of $221k against liabilities of $0, net assets of $221k.