Oar of Richmond Inc

Analysis

Oar of Richmond Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in June 1975, 51 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Oar of Richmond Inc reported income of $1.6m and spending of $2.1m, spending 134% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.6m (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 105% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Oar of Richmond Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within VA. Charities of a similar size with the same main cause include Women Engaged ($1.6m), Insideout Writers Inc ($1.6m) and Ballston Area Community Center Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $105k (4.9% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $1.0m against liabilities of $202k, net assets of $843k. It reported 29 employees.