Richmond Neighborhood Restoration Inc

Analysis

Richmond Neighborhood Restoration Inc is a registered charity in United States, based in Richmond, IN. It received its IRS tax-exemption ruling in June 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Richmond Neighborhood Restoration Inc reported income of $313k and spending of $80k, leaving 75% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $302k to $313k (+3.5%), an average of +0.9% a year. The sharpest change came in the year to December 2021, when income rose by 524%. Over the whole period it spent 37% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Richmond Neighborhood Restoration Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within IN. Charities of a similar size with the same main cause include Central Adirondack Partnership for the 21st Century Inc ($313k), Oyster Bay Main Street Association ($313k) and Vision Together 2025 Inc ($313k).

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 $48k (60% of expenses). At year end it held assets of $1.1m against liabilities of $75k, net assets of $1.0m. It reported 1 employees.