Strategies to Elevate People Richmond

Analysis

Strategies to Elevate People Richmond is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in May 1988, 38 years ago. 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, Strategies to Elevate People Richmond reported income of $441k and spending of $389k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $272k to $441k (+62%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Strategies to Elevate People Richmond sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within VA. Charities of a similar size with the same main cause include Inn Dwelling ($441k), Totsland Preschool ($441k) and Clark-Lindsey Holdings Inc ($441k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $223k. At year end it held assets of $524k against liabilities of $11k, net assets of $513k. It reported 8 employees.