Forrichmond

Analysis

Forrichmond is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in December 1992, 34 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 2022, Forrichmond reported income of $233k and spending of $277k, spending 119% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income grew from $208k to $233k (+12%), an average of +12% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Forrichmond sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within VA. Charities of a similar size with the same main cause include Beare Garden Plantation Animal Rescue ($233k), Wichita Independent Neighborhoods Inc ($233k) and Little League Baseball Inc ($233k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $165k (59% of expenses). Other salaries and wages came to $4,754. At year end it held assets of $53k against liabilities of $1,017, net assets of $52k. It reported 3 employees.