Ronald McDonald House Charities of Richmond Va Inc

Analysis

Ronald McDonald House Charities of Richmond Va Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in November 1978, 48 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Ronald McDonald House Charities of Richmond Va Inc reported income of $2.7m and spending of $2.1m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.7m (+115%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ronald McDonald House Charities of Richmond Va Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within VA. Charities of a similar size with the same main cause include African American Child Wellness Institute Inc ($2.7m), Ahc Community Health Foundation ($2.7m) and Rehabilitation Center for Children and Adults ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $150k (7.1% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $6.4m against liabilities of $1.3m, net assets of $5.1m. It reported 35 employees.