Richford Health Center Inc

Analysis

Richford Health Center Inc is a registered charity in United States, based in Richford, VT. It received its IRS tax-exemption ruling in July 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Richford Health Center Inc reported income of $27.3m and spending of $24.6m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.4m to $27.3m (+66%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Richford Health Center Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VT. Charities of a similar size with the same main cause include Bridgeway Inc ($27.3m), Westminster Village North Inc ($27.3m) and Childrens Day School Inc ($27.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $331k (1.3% of expenses). Other salaries and wages came to $14.4m. At year end it held assets of $33.1m against liabilities of $3.3m, net assets of $29.8m. It reported 300 employees.