Richmond-Wayne County Halfway House Corporation

Analysis

Richmond-Wayne County Halfway House Corporation is a registered charity in United States, based in Richmond, IN. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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-Wayne County Halfway House Corporation reported income of $208k and spending of $135k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $123k to $208k (+69%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 177%. Over the whole period it spent 49% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Richmond-Wayne County Halfway House Corporation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within IN. Charities of a similar size with the same main cause include Wings of Hope for Pancreatic Cancer Research ($208k), Frontline Ministries Inc ($208k) and Confederacion Americana de Urologia Cau Inc ($208k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $41k (30% of expenses). Other salaries and wages came to $31k. At year end it held assets of $871k against liabilities of $0, net assets of $871k. It reported 7 employees.