Richmond the American Intl Universi Ty in London Inc

Analysis

Richmond the American Intl Universi Ty in London Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in October 1994, 32 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Richmond the American Intl Universi Ty in London Inc reported income of $17.0m and spending of $31.8m, spending 187% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $39.0m to $17.0m (-56%), an average of -19% a year. The sharpest change came in the year to June 2021, when income dropped by 45%. Over the whole period it spent 131% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Richmond the American Intl Universi Ty in London Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within TN. Charities of a similar size with the same main cause include Volunteers of America Inc ($17.0m), Center for Supportive Schools Inc ($17.0m) and National University of Natural Medicine ($17.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.7% and program service revenue 105% of the total. Other salaries and wages came to $7.9m. At year end it held assets of $12.5m against liabilities of $48.2m, net assets of -$35.7m. It reported 187 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.