Community Foundation of Richvale

Analysis

Community Foundation of Richvale is a registered charity in United States, based in Richvale, CA. It received its IRS tax-exemption ruling in November 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Community Foundation of Richvale reported income of $171k and spending of $57k, leaving 66% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $127k to $171k (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2020, when income rose by 669%. Over the whole period it spent 11% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Community Foundation of Richvale sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Excellence Academies Inc ($171k), Eden Community Child Care Center ($171k) and Aransas Pass for Youth Inc ($171k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% of the total. At year end it held assets of $3.8m against liabilities of $0, net assets of $3.8m.