The Riordan Foundation

Analysis

The Riordan Foundation is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in March 1994, 32 years ago. 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, The Riordan Foundation reported income of $7.8m and spending of $487k, leaving 94% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $2.4m to $7.8m (+220%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 311%. Over the whole period it spent 42% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Riordan 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 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include John F Kennedy Memorial Hospital ($7.7m), Arc of Lane County ($7.8m) and Community Life Center Inc ($7.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $24.0m against liabilities of $4.4m, net assets of $19.6m.