Focused Outreach Richmond Incorporated

Analysis

Focused Outreach Richmond Incorporated is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in February 2011, 15 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 (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, Focused Outreach Richmond Incorporated reported income of $345k and spending of $327k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $353k to $345k (-2.2%), an average of -0.6% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Focused Outreach Richmond Incorporated sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within VA. Charities of a similar size with the same main cause include Swag Custom Rides Inc ($345k), One Wake ($345k) and Chaverim Israel Family Services Inc ($345k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $70k (21% of expenses). Other salaries and wages came to $111k. At year end it held assets of $116k against liabilities of $1,772, net assets of $115k. It reported 8 employees.