YWCA Richmond

Analysis

YWCA Richmond is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in September 1937, 89 years ago. Its declared purposes cover human services, 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 June 2023, YWCA Richmond reported income of $5.5m and spending of $6.2m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $5.5m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2021, when income rose by 98%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, YWCA Richmond sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include Listen Lebanon in Service to Each Neighbor ($5.5m), Indiana Masonic Home Foundation Incorporated ($5.5m) and Vita Nova Maternity Community ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $421k (6.8% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $11.8m against liabilities of $2.6m, net assets of $9.2m. It reported 112 employees.