Richmond Community Foundation

Analysis

Richmond Community Foundation is a registered charity in United States, based in Richmond, CA. It received its IRS tax-exemption ruling in April 2000, 26 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 June 2023, Richmond Community Foundation reported income of $5.7m and spending of $6.4m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $5.7m (+135%), an average of +24% a year. The sharpest change came in the year to June 2020, when income rose by 44%. Over the whole period it spent 118% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Richmond Community Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Mile High Kids and Community Development Inc ($5.7m), Del Mar College Foundation Inc ($5.7m) and Freewill Impact Fund ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $584k (9.1% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $6.6m against liabilities of $3.3m, net assets of $3.2m. It reported 38 employees.