Jewish Community Federation of Richmond

Analysis

Jewish Community Federation of Richmond is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in August 1942, 84 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Jewish Community Federation of Richmond reported income of $3.2m and spending of $3.4m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $3.2m (+2.4%), an average of +0.6% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jewish Community Federation of Richmond sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include United Ways of Alabama ($3.2m), Boy Scouts of America ($3.2m) and Fish ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $247k (7.3% of expenses). Other salaries and wages came to $535k. At year end it held assets of $4.3m against liabilities of $2.6m, net assets of $1.7m. It reported 14 employees.