Richmond Institute for Veterans Research

Analysis

Richmond Institute for Veterans Research is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in May 1991, 35 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Richmond Institute for Veterans Research reported income of $5.7m and spending of $4.4m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.5m to $5.7m (+4.1%), an average of +1.0% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Richmond Institute for Veterans Research sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include Carter County Emergency & Rescue Squad Inc ($5.7m), St Lukes Physician Network Inc ($5.7m) and Primary Care at Home Inc ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $248k (5.7% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $15.8m against liabilities of $238k, net assets of $15.6m. It reported 74 employees.