Richmond Friends of the Homeless Ltd

Analysis

Richmond Friends of the Homeless Ltd is a registered charity in United States, based in Moseley, VA. It received its IRS tax-exemption ruling in November 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Friends of the Homeless Ltd reported income of $1.6m and spending of $1.6m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $1.6m (-13%), an average of -3.4% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Richmond Friends of the Homeless Ltd sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within VA. Charities of a similar size with the same main cause include Bosma Visionary Opportunities Foundation Inc ($1.6m), Magic City Harvest ($1.6m) and Casa of South Central Nebraska ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $160k (9.8% of expenses). At year end it held assets of $406k against liabilities of $0, net assets of $406k. It reported 2 employees.