Richmond-Ermet Foundation

Analysis

Richmond-Ermet Foundation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in December 1995, 31 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Richmond-Ermet Foundation reported income of $357k and spending of $427k, spending 119% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $482k to $357k (-26%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 31%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Richmond-Ermet Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include My Life Foundation Inc ($357k), New Life Dream Center ($357k) and Prevent Alzheimers Disease 2020 ($357k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $60k (14% of expenses). At year end it held assets of $80k against liabilities of $56k, net assets of $25k. It reported 1 employees.