Hermitage Capital & Reserve Corporation

Analysis

Hermitage Capital & Reserve Corporation is a registered charity in United States, based in Glen Allen, VA. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Hermitage Capital & Reserve Corporation reported income of $584k and spending of $0, leaving 100% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income grew from $215k to $584k (+171%), an average of +28% a year. The sharpest change came in the year to May 2024, when income rose by 208%. Over the whole period it spent 0.4% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hermitage Capital & Reserve Corporation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within VA. Charities of a similar size with the same main cause include Friendly Kitchen ($584k), Helping Hands International Inc ($584k) and Montessori Childrens House of Lenawee Inc ($583k).

At year end it held assets of $45.0m against liabilities of $2.4m, net assets of $42.6m.