Reestablish Richmond Inc

Analysis

Reestablish Richmond Inc 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 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 June 2023, Reestablish Richmond Inc reported income of $679k and spending of $787k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $311k to $679k (+118%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 161%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Reestablish Richmond Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include Grapevine Family & Community Resource Center ($679k), Sexual Assault Center of Northwest Georgia ($679k) and Alliance Against Family Violence Incorporated ($679k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $71k (9.0% of expenses). Other salaries and wages came to $469k. It paid $36k in professional fundraising fees. At year end it held assets of $613k against liabilities of $0, net assets of $613k. It reported 12 employees.