Richard Myles Johnson Foundation

Analysis

Richard Myles Johnson Foundation is a registered charity in United States, based in Ontario, CA. It received its IRS tax-exemption ruling in October 1966, 60 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 September 2023, Richard Myles Johnson Foundation reported income of $515k and spending of $516k, spending 100% of its income. Across the 5 years on record, from December 2019 to September 2023, income grew from $484k to $515k (+6.5%), an average of +1.6% a year. The sharpest change came in the year to September 2021, when income rose by 44%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Richard Myles Johnson Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Literacy Research Association Inc ($515k), Darien Study Center Inc ($515k) and Judicial Education Institute ($515k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% and program service revenue 25% of the total. Other salaries and wages came to $212k. At year end it held assets of $665k against liabilities of $108k, net assets of $557k.