National Charity League Richardson Area Chapter

Analysis

National Charity League Richardson Area Chapter is a registered charity in United States, based in Richardson, TX. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 May 2024, National Charity League Richardson Area Chapter reported income of $73k and spending of $68k, spending 93% of its income. Across the 3 years on record, from May 2022 to May 2024, income grew from $73k to $73k (+0.2%), an average of +0.1% a year. The sharpest change came in the year to May 2024, when income rose by 83%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, National Charity League Richardson Area Chapter sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within TX. Charities of a similar size with the same main cause include Growth Initiative Fund ($73k), Ft Squared CDC ($74k) and Code 9 Project Inc ($73k).

On its Form 990-EZ for the period ending May 2024, revenue came from program service revenue 49% of the total. At year end it held assets of $81k against liabilities of $0, net assets of $81k.