Riverside County Physicians Memorial Foundation

Analysis

Riverside County Physicians Memorial Foundation is a registered charity in United States, based in Riverside, CA. It received its IRS tax-exemption ruling in October 1964, 62 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, Riverside County Physicians Memorial Foundation reported income of $240k and spending of $303k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $356k to $240k (-32%), an average of -9.3% a year. The sharpest change came in the year to December 2022, when income dropped by 65%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Riverside County Physicians Memorial Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Sunrise Community Foundation Inc ($240k), Bridgeport Rotary Club Foundationinc ($240k) and Barb Food Mart NFP ($240k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% of the total. Other salaries and wages came to $89k. At year end it held assets of $2.8m against liabilities of $73k, net assets of $2.7m.