Diversity Richmond

Analysis

Diversity Richmond is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in February 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Diversity Richmond reported income of $2.1m and spending of $2.3m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.1m (+60%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Diversity Richmond sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Hasan Educational Services Inc ($2.1m), Three Rivers Montessori ($2.1m) and Elevate USA ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $163k (7.1% of expenses). Other salaries and wages came to $655k. At year end it held assets of $2.9m against liabilities of $549k, net assets of $2.4m. It reported 47 employees.