Richmond Inter-Group Inc

Analysis

Richmond Inter-Group Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in October 2021, 5 years ago. 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 August 2023, Richmond Inter-Group Inc reported income of $80k and spending of $85k, spending 106% of what it took in. Across the 6 years on record, from August 2018 to August 2023, income fell from $100k to $80k (-20%), an average of -4.4% a year. The sharpest change came in the year to August 2023, when income rose by 17%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Richmond Inter-Group Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within VA. Charities of a similar size with the same main cause include Little League Baseball Inc ($80k), Yg2d ($80k) and Lake Area Educational Broadcasting Foundation ($80k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $43k. At year end it held assets of $43k against liabilities of $0, net assets of $43k. It reported 1 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.