James River Greyhounds Inc

Analysis

James River Greyhounds Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in July 1995, 31 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 December 2023, James River Greyhounds Inc reported income of $171k and spending of $164k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $100k to $171k (+71%), an average of +71% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, James River Greyhounds Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within VA. Charities of a similar size with the same main cause include New Life Ministries ($171k), Fridley Youth Sports Association ($171k) and Kentucky Academy of Science ($171k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 44% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.