Richmond Home Need Services Inc

Analysis

Richmond Home Need Services Inc is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in March 1972, 54 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 June 2023, Richmond Home Need Services Inc reported income of $11.3m and spending of $10.9m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $13.2m to $11.3m (-14%), an average of -3.8% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Richmond Home Need Services Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include The Richard Nixon Foundation ($11.3m), Csji-Tiffin Inc ($11.3m) and Lutheran Retirement Center Wilmington Inc ($11.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $334k (3.1% of expenses). Other salaries and wages came to $8.0m. At year end it held assets of $7.9m against liabilities of $4.0m, net assets of $3.9m. It reported 419 employees.