FC Richmond

Analysis

FC Richmond is a registered charity in United States, based in Midlothian, VA. It received its IRS tax-exemption ruling in November 1982, 44 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2023, FC Richmond reported income of $1.6m and spending of $1.3m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $1.6m (-5.3%), an average of -1.4% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 79% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, FC Richmond sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within VA. Charities of a similar size with the same main cause include Farmington Youth Hockey Assoc ($1.6m), Pathfinder Ranch Inc ($1.6m) and Camptown Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 90% of the total. At year end it held assets of $3.5m against liabilities of $523k, net assets of $3.0m. It reported 8 employees.