Hospital Hospitality House of Richmond Inc

Analysis

Hospital Hospitality House of Richmond Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in June 1984, 42 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 (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 2024, Hospital Hospitality House of Richmond Inc reported income of $4.5m and spending of $3.6m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.1m to $4.5m (+43%), an average of +9.4% a year. The sharpest change came in the year to June 2024, when income rose by 40%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hospital Hospitality House of Richmond Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include The Rainbow Connection ($4.5m), New Brunswick Counseling Center ($4.5m) and Eureka Community & Benevolent Hospital ($4.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 55% of the total. Compensation of current officers, directors and key employees was $418k (12% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $21.3m against liabilities of $406k, net assets of $20.9m. It reported 47 employees.