Richmond Fisher House Founation

Analysis

Richmond Fisher House Founation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover human services, 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 Fisher House Founation reported income of $344k and spending of $75k, leaving 78% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $593k to $344k (-42%), an average of -13% a year. The sharpest change came in the year to December 2020, when income dropped by 28%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Richmond Fisher House Founation sits at the 58th percentile: it is larger than about 58% 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 Badger Six Inc ($344k), Childrens Charitites at Adios ($344k) and Shamrock Foundation Inc ($344k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $2.4m against liabilities of $24k, net assets of $2.4m.