James River Apartments

Analysis

James River Apartments is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, James River Apartments reported income of $108k and spending of $183k, spending 170% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $103k to $108k (+4.3%), an average of +1.1% a year. Over the whole period it spent 159% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, James River Apartments sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within VA. Charities of a similar size with the same main cause include Talladegas Red Door Kitchen ($108k), Hope Center of Leroy Inc ($108k) and Sevier Valley Youth Refuge ($108k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.4m against liabilities of $621k, net assets of $760k.

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.