Junior League of Richmond Virginia

Analysis

Junior League of Richmond Virginia is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in August 1929, 97 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 May 2024, Junior League of Richmond Virginia reported income of $959k and spending of $919k, spending 96% of its income. Across the 6 years on record, from May 2019 to May 2024, income fell from $1.5m to $959k (-37%), an average of -8.9% a year. The sharpest change came in the year to May 2022, when income dropped by 37%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Junior League of Richmond Virginia sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include St Charles Business Alliance Inc ($959k), Bcap Build America Association Corp ($960k) and San Fernando Valley Partnership Inc ($958k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 27% and program service revenue 64% of the total. Other salaries and wages came to $308k. At year end it held assets of $5.0m against liabilities of $828k, net assets of $4.2m. It reported 22 employees.