Friends of the Richmond Mounted Squad

Analysis

Friends of the Richmond Mounted Squad is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 September 2023, Friends of the Richmond Mounted Squad reported income of $51k and spending of $26k, leaving 48% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income fell from $138k to $51k (-63%), an average of -63% a year. The sharpest change came in the year to September 2023, when income dropped by 63%. Over the whole period it spent 21% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Friends of the Richmond Mounted Squad sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within VA. Charities of a similar size with the same main cause include Woodbury Heights Improvement Protective and Fire Association ($51k), Jackson Township Volunteer Firemens Relief Association ($51k) and Southwest Oneida County Joint Swoc ($51k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 80% and program service revenue 19% of the total. At year end it held assets of $310k against liabilities of $0, net assets of $310k.