Richcroft Foundation Inc

Analysis

Richcroft Foundation Inc is a registered charity in United States, based in Sparks, MD. It received its IRS tax-exemption ruling in May 2022, 4 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 June 2024, Richcroft Foundation Inc reported income of $282k and spending of $0, leaving 100% of income unspent that year. The sharpest change came in the year to June 2024, when income rose by 176%. Over the whole period it spent 0.0% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Richcroft Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within MD. Charities of a similar size with the same main cause include Raleigh Civic Ventures Inc ($282k), Bay Veterans Foundation ($282k) and Y12 Fcu Gives Foundation Inc ($282k).

At year end it held assets of $5.7m against liabilities of $0, net assets of $5.7m.