Richmond Rescue Incorporated

Analysis

Richmond Rescue Incorporated is a registered charity in United States, based in Richmond, VT. It received its IRS tax-exemption ruling in May 1974, 52 years ago. 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 June 2024, Richmond Rescue Incorporated reported income of $926k and spending of $666k, leaving 28% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $478k to $926k (+94%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 77%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Richmond Rescue Incorporated sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 75th percentile within VT. Charities of a similar size with the same main cause include Rogue Valley Soccer Club ($926k), Springfield Business Development Corporation ($926k) and Newton Girls Soccer Inc ($926k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 29% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $77k (12% of expenses). Other salaries and wages came to $135k. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m. It reported 8 employees.