Richmond Area Bicycling Assocation Foundation Inc

Analysis

Richmond Area Bicycling Assocation Foundation Inc is a registered charity in United States, based in Ashland, VA. It received its IRS tax-exemption ruling in February 2013, 13 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 Area Bicycling Assocation Foundation Inc reported income of $78k and spending of $59k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $78k (+47%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Richmond Area Bicycling Assocation Foundation Inc sits at the 27th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within VA. Charities of a similar size with the same main cause include Kairos Counseling Center Inc ($78k), Detroit Malayalee Association ($78k) and Kapahulu Center ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $82k against liabilities of $0, net assets of $82k.