Greater Richmond Inter-Faith Program

Analysis

Greater Richmond Inter-Faith Program is a registered charity in United States, based in Richmond, CA. It received its IRS tax-exemption ruling in May 1972, 54 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Greater Richmond Inter-Faith Program reported income of $2.0m and spending of $1.8m, spending 91% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.0m to $2.0m (+96%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 191%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Richmond Inter-Faith Program sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Texas Rangers Association Foundation ($2.0m), Dayspring Christian Academy Inc ($2.0m) and Harford Family House Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% of the total. Compensation of current officers, directors and key employees was $181k (9.9% of expenses). Other salaries and wages came to $644k. At year end it held assets of $5.1m against liabilities of $3.2m, net assets of $1.9m. It reported 26 employees.