Rich Foundation Reaching Innocent Children Hearts

Analysis

Rich Foundation Reaching Innocent Children Hearts is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Rich Foundation Reaching Innocent Children Hearts reported income of $52k and spending of $58k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $106k to $52k (-51%), an average of -51% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rich Foundation Reaching Innocent Children Hearts sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within MD. Charities of a similar size with the same main cause include Time and Again Ltd ($52k), Newtown Community Foundation ($52k) and Peace of Thread Incorporated ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $70k against liabilities of $5,531, net assets of $64k.