MDC Richmond American Homes Foundation

Analysis

MDC Richmond American Homes Foundation is a registered charity in United States, based in Greenwood VLG, CO. It received its IRS tax-exemption ruling in August 2021, 5 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 (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, MDC Richmond American Homes Foundation reported income of $6.2m and spending of $3.6m, leaving 42% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $8.9m to $6.2m (-31%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 59%. Over the whole period it spent 58% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, MDC Richmond American Homes Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CO. Charities of a similar size with the same main cause include Unidos Investment Fund Inc ($6.2m), The Jewish Federation of Sarasota-Manatee Inc ($6.2m) and Joseph C Bancroft Charitable & Educational Fund ($6.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $61.4m against liabilities of $1.6m, net assets of $59.8m.