Richland Community Development Group Inc

Analysis

Richland Community Development Group Inc is a registered charity in United States, based in Mansfield, OH. It received its IRS tax-exemption ruling in March 1983, 43 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, Richland Community Development Group Inc reported income of $1.5m and spending of $1.6m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $449k to $1.5m (+241%), an average of +36% a year. The sharpest change came in the year to December 2022, when income rose by 77%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Richland Community Development Group Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within OH. Charities of a similar size with the same main cause include Belmont Arthur Avenue Local Development Corporation ($1.5m), New Majority Capital Foundation Inc ($1.5m) and Hilltop Alliance ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.