Gregg Richards Foundation

Analysis

Gregg Richards Foundation is a registered charity in United States, based in Livingston, NJ. It received its IRS tax-exemption ruling in March 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 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, Gregg Richards Foundation reported income of $89k and spending of $73k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $771 to $89k (+11416%), an average of +11416% a year. The sharpest change came in the year to December 2023, when income rose by 11416%. Over the whole period it spent 81% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gregg Richards Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 41st percentile within NJ. Charities of a similar size with the same main cause include Ruth Bartlett Taylor Trust 01-49336 ($89k), Pacific Retirement Services Foundation Inc ($89k) and Sunrise Ministries Incorporated ($89k).

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 $17k against liabilities of $0, net assets of $17k.