Robinhood Group

Analysis

Robinhood Group is a registered charity in United States, based in Union, SC. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Robinhood Group reported income of $258k and spending of $206k, leaving 20% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $139k to $258k (+86%), an average of +86% a year. The sharpest change came in the year to December 2023, when income rose by 86%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Robinhood Group sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 64th percentile within SC. Charities of a similar size with the same main cause include Life Builders Incorporated ($258k), We Lift You Up ($258k) and Adullam House Ministries ($258k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $43k (21% of expenses). At year end it held assets of $43k against liabilities of $0, net assets of $43k. It reported 1 employees.