Richmond Fire Department Foundation

Analysis

Richmond Fire Department Foundation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. The IRS classifies it as a supporting organisation (type iii other) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Richmond Fire Department Foundation reported income of $92k and spending of $32k, leaving 65% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income grew from $48k to $92k (+91%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 717%. Over the whole period it spent 60% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Richmond Fire Department Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within VA. Charities of a similar size with the same main cause include Disaster Recovery International Foundation Inc ($92k), Loudendale Volunteer Fire Dept ($92k) and Alton Band & Orchestra Builders ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 6.0% of the total. At year end it held assets of $81k against liabilities of $0, net assets of $81k.