South Richmond Adult Day Care Center Inc

Analysis

South Richmond Adult Day Care Center Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in October 1975, 51 years ago. 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, South Richmond Adult Day Care Center Inc reported income of $441k and spending of $401k, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $288k to $441k (+53%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Richmond Adult Day Care Center Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within VA. Charities of a similar size with the same main cause include National Church Residences ($441k), Local Government Academy ($441k) and BV United Soccer Club ($441k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $106k (26% of expenses). Other salaries and wages came to $120k. At year end it held assets of $80k against liabilities of $6,974, net assets of $73k. It reported 11 employees.