Richfield Living

Analysis

Richfield Living is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in June 1940, 86 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Richfield Living reported income of $41.7m and spending of $51.5m, spending 124% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $31.8m to $41.7m (+31%), an average of +7.0% a year. The sharpest change came in the year to September 2023, when income rose by 18%. Over the whole period it spent 119% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Richfield Living sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include Washington Township Hospital Developmdnt Corp ($41.7m), Via Care Community Health Center ($41.7m) and Mercy Management of Southeastern Pennsylvania ($41.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $677k (1.3% of expenses). Other salaries and wages came to $16.8m. At year end it held assets of $112.4m against liabilities of $131.0m, net assets of -$18.6m. It reported 698 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.