Richmond Hill Incorporated

Analysis

Richmond Hill Incorporated is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in November 1986, 40 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Richmond Hill Incorporated reported income of $1.1m and spending of $1.4m, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $1.1m (-53%), an average of -17% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 84% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Richmond Hill Incorporated 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 80th percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include Latrice Ryan Ministries Inc ($1.1m), Kavana ($1.1m) and Love Inc of the Black Hills ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 8.6% of the total. Compensation of current officers, directors and key employees was $208k (15% of expenses). Other salaries and wages came to $235k. At year end it held assets of $6.4m against liabilities of $81k, net assets of $6.3m. It reported 24 employees.