Joseph Richey House Inc

Analysis

Joseph Richey House Inc is a registered charity in United States, based in Hunt Valley, MD. It received its IRS tax-exemption ruling in November 1980, 46 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, Joseph Richey House Inc reported income of $172k and spending of $92k, leaving 47% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.9m to $172k (-91%), an average of -45% a year. The sharpest change came in the year to June 2023, when income dropped by 63%. Over the whole period it spent 223% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Joseph Richey House Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within MD. Charities of a similar size with the same main cause include United Fund of Randolph County ($172k), Southwest Virginia Public Education Foundation Inc ($172k) and A Servants Love Incorporated ($172k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $3.8m against liabilities of $4.0m, net assets of -$150k.