Richmond Food Shelf and Thrift Store

Analysis

Richmond Food Shelf and Thrift Store is a registered charity in United States, based in Richmond, VT. It received its IRS tax-exemption ruling in September 2009, 17 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Richmond Food Shelf and Thrift Store reported income of $148k and spending of $128k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $122k to $148k (+22%), an average of +5.0% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Richmond Food Shelf and Thrift Store sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 37th percentile within VT. Charities of a similar size with the same main cause include Stark County Community Unit School District 100 Foundation ($148k), Think Hope ($148k) and Camp Rainbow Inc ($148k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. Compensation of current officers, directors and key employees was $33k (26% of expenses). Other salaries and wages came to $12k. At year end it held assets of $236k against liabilities of $0, net assets of $236k. It reported 4 employees.